Together reveals bumper lending as loan book hits £2.55bn

  • 22/02/2018
  • 0
Together reveals bumper lending as loan book hits £2.55bn
Specialist lender Together has reported record lending volumes, as its loan book reached £2.55bn in the three months to 2017.



Monthly loans grew by almost a quarter year-on-year and November delivered the company’s highest ever monthly lending of £147.5m, Together announced in quarterly results to 31 December.

Over the three months there was a 23.2% increase in originations compared with the same period a year earlier with an average origination loan-to-value of 58.7%.

The lender reported underlying profit before tax at £31.5m, with cash receipts of £299.5m in the quarter.

Group chairman Mike McTighe (pictured) said: “During the quarter we continued to enhance our platform to support our future growth ambitions, investing in our people, our brand, our products, our distribution and our systems.

“Our progress was reflected in a ratings upgrade from S&P in November and this momentum continued into January with a further upgrade from Fitch, the refinancing of our Lakeside securitisation facility on favourable terms and our successful £150m bond tap.”

Marc Goldberg, commercial chief executive at Together added: “This is another great set of results and a testament to the hard work and commitment of our team of almost 650 colleagues as we continue to grow our business by making common sense lending decisions to help our customers access the finance they need.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in


Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.


Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
Adrian Moloney
Interbay opens bridging finance to entire broker panel

Interbay has extended its residential investment and commercial finance proposition to its entire broker panel, as well as announcing partnerships...