Together announces further enhancements to funding structure

Cheadle-based property lender, Together, has announced it has enhanced two of its securitisation facilities as it continues to strengthen its funding structure.

The firm’s £725 million Highfield Asset Backed Securitisation 1 Limited (HABS) warehouse facility has been refinanced onto more efficient and flexible terms with maturity extended to December 2029.

Meanwhile, the Brooks Asset Backed Securitisation 2 Limited (BABS2) facility has been topped up with £83.5 million of sub-performing loans previously funded within the Together Group on improved commercial terms.

Gary Beckett, Group Managing Director & Chief Treasury Officer at Together, commented:

“Our ability to extend the maturity profile and improve terms within our funding structure reflects the strength of our business model and the continued confidence of our funding partners. This ensures we remain well positioned to deliver sustainable growth and help our customers achieve their property ambitions.”

The HABS warehouse facility supports Together’s small balance commercial real estate (CRE) lending, primarily serving small and medium sized businesses and commercial property investors across the UK. Originally launched as a £525 million programme in 2018, HABS was extended in 2020 and subsequently increased to £725 million in 2023. This latest refinancing follows the successful issuance of the Group’s fifth public CRE mortgage-backed securitisation, CRE5, in March last year.

BABS2, a bespoke facility comprising a diversified pool of sub-performing residential and commercial purpose loans, was completed in March 2025 and succeeded the original BABS facility which was launched in 2021.