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Specialist lender Together prepares to roll out MCD broker communication

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  • 25/09/2015
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Specialist lender Together prepares to roll out MCD broker communication
Together, previously Jerrold Holdings, will start to communicate with advisers through its broker portal within the next two months on how it will operate under the Mortgage Credit Directive (MCD).

The lender, which provides first and second charge finance for both residential and commercial customers, explained that it had a team which had been working on a project to develop its approach to the MCD.

Speaking at the brand launch in London, Gary Bailey, sales director, said they wanted to give brokers as much notice as possible to get used to the changes ahead of the March 2016 deadline.

Earlier this week, the lender announced it was rebranding from Jerrold Holdings to Together. The move has seen former brands including Blemain Finance, Cheshire Mortgage Corporation, Lancashire Mortgage Corporation and Bridging Finance grouped under the one name.

Together recently posted a 35% increase in profits for the year ending 30 June 2015, with a profit before tax of £70.1m and its loan book reaching in excess of £1.4bn.

New lending at the company more than doubled to £725m, up from just over £350m. Its trading results follow the completion of a £255m securitisation to fund its commercial lending activity.

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