Specialist lender Together has launched a warehouse facility worth £467.4m, named Fairway Asset Backed Securitisation 1 Limited, which will provide additional funds to support property investors and homeowners.
The inaugural warehouse facility is for first charge owner-occupied and buy-to-let loans secured against residential property in England, Scotland and Wales.
The lender said that the facility is “closely aligned” to the group’s residential mortgage backed securitisation programme.
The facility matures in 2026.
Together has raised or refinanced around £4.3bn of faciltiies across nine transactions in the past 12 months.
In its latest results, the lender reported loan book growth was £5.7bn and average monthly originations to £289.7bn and underlying profit before tax for the quarter of £34.7m.
Gerald Grimes, group CEO designate of Together, said: “We are excited to announce the successful launch of our FABS securitisation warehouse.
“This new facility will provide additional funding to help our residential owner occupier and buy-to-let customers realise their ambitions in the current challenging economic environment.”
Gary Beckett, group managing director and chief treasury officer of Together, added: “The launch of our FABS facility provides further depth to our funding profile and continues to underline the strength and resilience of Together’s business model.
“As part of this facility, we are pleased to welcome a new funding partner to the group and I would like to thank all of our banks and investors for their continued support.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.