Together posts record £300m lending in May

The firm – which provides personal and commercial mortgages, bridging loans and development finance across the UK – says its May lending is an 8% increase on its previous record of £277million set in April.

Together commercial chief executive Marc Goldberg says the new record was due to a “fantastically strong” performance of sales channels across the group during the period.

He adds that its volume of deals dramatically increased across the period, helped by record levels of unregulated bridging and auction finance deals, while the lender’s new digital and retention channels also grew. He says its back book remains “resilient.”

The May figures also show that the group posted its highest monthly lending through its intermediary sales team of £164.4m, with records posted for its unregulated bridging and buy-to-let products.

Goldberg adds: “These are excellent results and are testament to the hard work of all our Together colleagues. We’re delighted to have achieved this milestone figure of £300m-a-month with other records set in terms of commercial lending. It is the second month in a row that we’ve lent £100m in bridging finance, which stood at £106m in May, which in itself is a fantastic achievement.”

In May, Together Financial Services also priced its inaugural second-charge only owner-occupied and BTL mortgage-backed securitisation (RMBS) at £349m.

Together Asset-Backed Securitisation (TABS) 2NDI is the sixth issuance of its TABS programme since 2017 and the eighth MBS facility overall.