Together announces record £8.4bn loan book
Specialist property lender Together has recorded profits of £60.8m as its loan book grew to a new high of £8.4bn, according to its latest financial results for the quarter to 31 March.
The group also announced average monthly lending of £309.9m – an increase of nearly 25% on the same quarter in 2025.
High demand for Together’s specialist financial products, including personal mortgages, bridging loans, commercial and buy-to-let mortgages, saw its loan book swell to £8.4bn, an increase of 7.6% in the same three months of the previous year.
During the period, the group delivered its highest-ever monthly lending value, with £328.9m completed in March, despite turbulence in the UK and global economy.
The lender is currently developing a new multi-million pound technology platform to improve its operational capabilities for driving future growth, as well as undergoing a major refurbishment project at its headquarters in Cheadle, Greater Manchester.
Richard Rowntree, group chief executive officer of Together, said: “We are pleased to report that we have maintained our positive momentum during the quarter, as we delivered record results and made good progress with our transformation agenda.
“Record originations drove our loan book to a new high of £8.4bn, while we increased underlying profit before tax to £60.8m.
“Our new technology and data platform is progressing at pace, we have continued to enhance our operational capabilities, and our head office transformation is well on track to be completed during the summer. We have also further strengthened our Board and leadership team with strategic appointments and maintained our funding momentum during the quarter.
“Looking ahead despite ongoing macroeconomic pressures, including the war in Iran, and pockets of market uncertainty, the structural drivers underpinning specialist property finance remain compelling and we are seeing a continued flight to quality.
“With our scale, track record and resilience, Together remains well placed to support our customers in achieving their property ambitions and to generate long-term value for all our stakeholders.”