Together has grown its loan book to a record £8.5bn after writing £3.5bn of new loans during its latest financial year.
The specialist property lender reports underlying profit before tax of £222.5m for the year to 30 June 2026, while its net loan book increased by 8%.
Average monthly lending reached £291.4m, up 10.5% compared with June 2025, with the £3.5bn of new lending representing a record for the group.
Together, which provides bridging, development, auction and other property finance alongside residential and commercial mortgages, generated £878.1m in interest during the year, up 1.2%.
£3BN FUNDING ACTIVITY
The group recorded £3.7bn of cash receipts following a strong year for loan redemptions.
It also raised, refinanced or increased £3bn of funding across nine securitisations during the 12 months as it continued to develop its funding platform.
Together invested in its sales and operations capabilities, data and technology during the year, with a new lending platform moving into the testing and refinement phase.
The lender also launched a targeted semi-commercial proposition as part of the continued development of its product range.
‘SUSTAINED DEMAND’
Richard Rowntree (main picture), group chief executive officer at Together, says: “Together has delivered another strong year, with our loan book reaching a record £8.5 billion and underlying profit before tax increasing to £223 million. This performance reflects sustained demand for our products, the strength and resilience of our business model, and our disciplined approach to underwriting and risk management.
“We made meaningful progress during the year against our strategic priorities, continuing to invest in our proposition, systems, data and leadership capability, while further strengthening the governance, risk and funding foundations that underpin our business.
“These are important areas of focus for Together as we improve the experience we provide to customers and partners today, and build a more scalable, efficient and resilient business for the future.”
‘SPECIALIST LENDING NEED IS CLEAR’
Rowntree adds: “Our diversified funding platform remains a clear strength, supported by long-standing relationships and substantial liquidity headroom.
“While the economic and geopolitical backdrop remains uncertain, the long-term need for specialist lending is clear. With our experienced team, proven underwriting expertise and strong foundations, Together is well positioned to support customers, partners and investors over the long term.”
