Together loan book reaches £3bn

Together has announced that its loan book has reached a new high of £3bn for the year ended 30th June 2018, up 32% on the previous period.

The specialist lender also saw annual loan originations increase by 40% to £1.7bn over the past 12 months, while delivering a record profit before tax of £121.7m.

Together said that lending in June reached £169.2m, its highest ever month of lending.

During the past 12 months, Together issued its first public residential mortgage-backed securitisation for £275m, extended its £255m Lakeside securitisation on improved terms and launched its inaugural £525m Highfield warehouse facility for small balance commercial real estate.

“We maintained our strong growth momentum in the year, while continuing to invest in our people, products, distribution channels, systems and governance,” said Mike McTighe, group chairman at Together.

“With an established track record, a unique and successful model, and the investment we are making in our platform, we believe Together has a great opportunity and remains well placed to deliver on our ambitious growth plans.”

Marc Goldberg, commercial CEO at Together, said it was proud to report a strong set of results.

“Our continued strong growth would not be possible without the hard work and dedication of our now 700 colleagues, who remain focused on delivering positive outcomes for our customers and intermediaries throughout their journey with Together. 

“We’re delighted to have been recognised by our entry into the Sunday Times Best 100 Companies to Work For, at number 34, and I want to thank all of our colleagues for their commitment to helping our customers to achieve their financial ambitions.”

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