The specialist lender attributed the growth to strong lending volumes at conservative LTVs as the loan book grew 5.7% compared with the £2.24bn reported at 30^th June 2017, and up 27.7% on the £1.86bn recorded on 30^th September 2016.

Together announced average monthly lending of £125.4m, up 15.8% on the £108.3m recorded at 30^th June 2017 and up 65.4% on last year (£75.8m).

The group weighted average LTV of new originations during the quarter was 57.8%, compared with 58.7% in the previous quarter.

•   Together saves customer £70,000 with bridge
•   Together saves couple's dream Scottish home move with £2.3m loan
•   Together introduces holiday let product

Marc Goldberg, commercial CEO at Together (pictured above), said: “This strong performance is a credit to our team of over 600 colleagues, and to the intermediaries we work with to deliver our specialist finance products, applying our commonsense lending philosophy to deliver the best possible outcomes for customers.”

Together also saw profit before tax rise from the £30.4m reported on 30^th June 2017 to £31m at the end of September.

"During the quarter, we accelerated our strategic investment programme as we invest in the people, systems, distribution and marketing to build the platform to support our future growth ambitions,” said Mike McTighe, group chairman of Together.

 “We also further diversified our funding structure with the issue of our £275m debut public residential mortgage-backed security transaction.”

Looking towards the future, Mike added: "While detailed Brexit negotiations may increase market volatility and the UK economic outlook remains mixed, this may create further opportunities for specialist lenders.

“With our successful 43-year track record, established business model and the investment we are making in our platform, we believe Together is well placed to benefit from these conditions and to deliver on our ambitious growth plans."

Pete Ball, personal finance CEO at Together, added: “As we move forward and build on these results, we will be investing further in our platform for growth, as well as improving and enhancing our product offering and widening our distribution.”