Together has reported a record £8.4bn loan book and increased quarterly profits as demand for specialist property finance continued to grow despite ongoing economic uncertainty.
The specialist lender posted underlying profit before tax of £60.8m for the quarter to 31 March 2026, while average monthly lending rose to £309.9m – up almost 25% on the same period last year.
The group said strong demand across personal mortgages, bridging finance, commercial lending and buy-to-let products helped drive loan book growth of 7.6% year-on-year.
Together also achieved its highest-ever monthly lending total during March, completing £328.9m of lending during the month.
FUNDING SOLUTIONS
The results come amid continued growth across the specialist lending sector, with borrowers increasingly turning to flexible underwriting and non-mainstream funding solutions as affordability pressures, higher mortgage rates and tighter mainstream criteria persist.
The lender said it continued to invest heavily in its long-term infrastructure and growth strategy, including development of a new multi-million-pound technology and data platform designed to improve operational capability and scalability.
Together is also continuing a major refurbishment of its headquarters in Cheadle, Greater Manchester.
RECORD RESULTS
Richard Rowntree (main picture), Group CEO at Together, says: “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.”
He adds that the lender has continued strengthening both its operational platform and leadership structure while maintaining funding momentum during the quarter.
Rowntree says: “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.”
