Marc Goldberg

Together loan book hits £2.78bn

In its quarterly results to 31st March 2018, Together has announced that its loan book has reached £2.78bn, up 30.8% on the £2.13bn recorded on 31st March 2017.

The specialist lender has seen its average monthly loan originations increase by 37.7% to £140.8m and quarterly lending volumes hit a record high of £422m, while maintaining an LTV of just 58.8%.

Meanwhile, the lender’s profit before tax reached £28.9m for the quarter.

“Together continued its strong growth in the last quarter, and we are proud to report another great set of results,” said Marc Goldberg, commercial CEO at Together (pictured above).

“The success and continued growth of our business would not be possible without the hard work and dedication of our 700 colleagues, and our maintained focus on positive customer outcomes where we’re continuously working to enhance the experience for our intermediaries and customers through their entire journey – from origination through the lifetime of their loan.

Mike McTighe, group chairman at Together, added: “We maintained our strong growth momentum in the quarter, delivering a 38% increase in originations, while continuing to invest in our people, products, distribution channels, systems and governance.

“We also continued enhancing our senior management team with the arrival of John Lowe from Coventry Building Society.

“To support our ongoing growth, we successfully issued a further £150m of our bonds and refinanced our £255m Lakeside securitisation on improved terms.

“We see increasing demand from customers for our broad range of tailored products and our personalised approach to underwriting and remain confident that Together is well placed to deliver on our ambitious future growth plans.”

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