Specialist lender Together has increased its revolving Lakeside securitisation programme (LABS) from £700m to £825m, which it attributed to its strong bridging performance.
The facility is mainly unregulated and regulated bridging loans originated by the group.
It was launched in 2015 as a £255m revolving securitisation facility, and was increased to £500m in 2019 and £700m in 2022.
The lender recently reported its results for the quarter to 31 March 2023, which showed that its loan book grew by nearly a third to £6.2bn compared to the same period last year.
It also revealed that its underlying profit before tax for the quarter was £41.3m.
Together has also been growing its team, appointing Andrew Douglas its national account manager for networks and clubs and Elliot Vure as sales performance director.
Gary Beckett, group managing director and chief treasury officer of Together, said: “The successful upsizing of our LABS securitisation is a testament to the continued strength of Together’s business and, in particular, the strong performance of our regulated and unregulated bridging products.”
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.
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