The lender added that the maturity of the DABS bridging facility has been extended to December 2028, with “improved commercial terms reflecting the continued strength of the Together business and long-term support of our funding partners”.

Together said that all existing fund partners had recommitted to the bridging facility.

The bridging facility was initially launched as a £90m facility in 2017 before being upped to £200m in 2019 and then increased to £400m in 2021.

Gary Beckett, group managing director and chief treasury officer at Together, said: “We are delighted to announce the successful £200m upsizing of our DABS facility on improved terms.

“The refinancing of DABS, one of our two securitisation facilities that fund unregulated bridging loans, adds further liquidity and depth of maturity to our funding structure as we help increasing numbers of customers to realise their property ambitions.”

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Together said that it had a “diverse and mature funding structure” with 11 public securitisations, six public securitisations, two series of senior secured notes and a revolving credit facility.

The firm has raised or refinanced over £3.4bn across eight transactions in the last 12 months, showing its “continued strong support from its funding partners”.

This year, this includes pricing a £378m first charge securitisation and launching a £150m development securitisation facility.