The financial group has revealed an average monthly lending of £233m — up 9.7% on the same quarter the previous year. 

In its latest results, it announced a “strong and sustainable financial performance”, with underlying profit before tax of £47.7m, up 84.8% on the same period the previous year.

The group’s loan book has grown by 15.3% to £6.8bn since the same quarter last year, with a prudent LTV ratio of 55.7% across all products delivered to its customers.

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Mike McTighe, group chairman at Together, said: “Together achieved another strong set of results in the quarter to 31st December, reflecting the sustainability of our business model and the commitment and dedication of our team.

“We maintained a controlled growth in lending at attractive margins and delivered increased net interest income, profit before tax and cash receipts.

“We also continued to diversify our funding, raising, or refinancing over £1.1bn of facilities.”

Mike added: “Looking ahead, while inflation has continued to fall, GDP growth is forecast to remain subdued and interest rates to remain higher for longer.

“Despite the prevailing economic uncertainties, as we enter our 50th year in business we remain cautiously optimistic about the future and will continue to help our customers realise their ambitions and play our part in supporting the UK economy.”