Average monthly lending for Together fell to £248.1m, down 12.4% from £283.2m in Q2 2025.

The lender’s underlying profit before tax stood at £57.5m, up 3.2% on Q2 2025, primarily due to the increase in net interest income during the period.

Together’s net interest margin remained stable at 5.5%.

Commenting on the results, Richard Rowntree, group CEO at Together (pictured above), said: “Together delivered another strong performance during the quarter with the loan book reaching £7.8bn, net interest margin remaining highly attractive at 5.5%, net interest income up 13%, and underlying profit before tax up 11% on the same quarter last year.

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“We successfully raised or refinanced £2.5bn across five transactions during the quarter, as we continued to broaden our funding and raise additional liquidity to support our growth ambitions.

“Our transformation programme is progressing through the build phase and our pipeline is up 21% compared with Q2 2025, indicating continued robust demand for our products.

“Looking forward, the outlook for the UK economy is mixed, with easing inflation and expectations of further interest rate cuts offset by global economic uncertainty due to trade tensions and tariff wars.

“However, Together has a successful multi-cycle track record and long-term structural trends support an increase in demand for specialist lending solutions.

“Against this backdrop, we remain cautiously optimistic and will continue to help customers realise their property ambitions, as we have for the last 50 years.”