Specialist lender Together has posted its strongest ever month completing £364.1m of lending in March, with bridging once again doing the heavy lifting.
The Cheadle-based lender, which has a loan book of £8.1bn, saw unregulated bridging loans dominate output, accounting for £174.2m of total lending during the month.
The performance goes some way to highlight the continued reliance on short-term finance to unlock deals, as borrowers and brokers navigate tighter criteria and ongoing market uncertainty.
Alongside bridging, Together completed £71.3m in commercial term lending and £32.8m in regulated first charge loans, pointing to sustained activity across specialist segments despite wider headwinds.
CHALLENGING CONDITIONS
Ryan Etchells (main picture, inset), chief commercial officer at Together, says: “Market conditions remain challenging, but our performance this month shows the resilience of our model and the strength of demand for flexible, specialist lending.
“Reaching a new high for monthly lending value is a significant achievement and highlights the trust brokers and customers continue to place in Together and the strength of the specialist lending market.”
OPENING DOORS
And he adds: “This success is down to the hard work and professionalism of our colleagues across the business. Their ability to move quickly, think creatively and focus on solutions ensures we can support customers even when their circumstances don’t fit a standard approach.
“Our purpose is to open doors and give everyone the opportunity to turn their ambitions into reality, whether that involves personal finance, purchasing, refinancing or growing a business.
“This record-breaking month demonstrates the real-world impact of that approach and reinforces our role as a dependable partner to customers and intermediaries across the UK.”
