Together said “strong” new lending over the past year has driven its loan book to a high of £3.9bn for the three months ended 30 September 2019.
The lender generated originations of £2.1bn over the last 12 months, at average loan to values (LTV) of 58 per cent.
Together’s new lending during the period averaged at £176.2m per month, a 28.1 per cent increase on £137.5m average seen during the same period last year.
The group’s underlying profit before tax increased 13.6 per cent from £30.4m to £34.5m as the lender generated cash receipts of £437.6m.
Mike McTighe (pictured), group chairman, said: “Despite the macroeconomic uncertainty, we continue to see strong demand from our customers.
“We believe the group remains well placed to deliver on its growth plans, underpinned by our robust asset quality, strong diversified funding base and through-the-cycle experience.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS