Barclays provided £100m of the total finance arrangement with RBS, Lloyds Bank, HSBC and French investment bank Natixis providing the remaining £225m.
The funding arrangement is a revolving securitisation facility called Charles Street which has been in place since 2007, with Barclays joining the programme at the latest stage of expansion.
The Manchester-based lender said the increased support of the UK’s leading banks was testament to the commercial success of the company.
Gary Beckett, Together’s chief financial officer, said: “The upsizing of our Charles Street securitisation marks a major milestone in bringing the programme to £1bn, which will enable us to meet the increasing demand for finance across our markets.
“Along with enhanced terms and an extension of maturity by an additional two years to 2021, the revolving programme provides a long-term flexible facility to support our strategic growth plans.”
Together, formerly known as Blemain Group, consolidated its different brands, including Cheshire and Lancashire Mortgage Corporation, Blemain Finance and Bridging Finance, in September of last year.
