Together loan book continues to grow

Cheadle-based specialist property lender, Together, has announced its annual results for the year ended June 30th 2025.

The year has seen the non-bank lender continue to grow its loan book to a record £7.9 billion, up from £7.4 billion in the previous year, with its average monthly lending also up to £263.6 million.

Alongside its strong financial performance, Together has also strengthened and diversified its Board over the past year, both through internal promotions and new hires. Notable additions to the firm’s senior team include new Group CEO, Richard Rowntree who joined in November 2024.

Commenting on the lender’s annual results, Richard Rowntree, Group Chief Executive Officer of Together, said:

“Together delivered another strong performance during the year with the loan book reaching a new high of £7.9bn, net interest margin remaining highly attractive at 5.5% and underlying profit before tax up 7% on last year.

“We continued to build on our past success to take the business to the next level, launching our refreshed strategy, progressing our lending system and data platform transformation programme into the build and test phase and strengthening and diversifying our Executive management team and Board. We also raised or refinanced over £5bn of funding facilities to support our long-term growth ambitions.

“Looking forward, the outlook for the UK economy is mixed, with expectations of further interest rate cuts offset by global economic uncertainty, continued trade disruption and a weaker jobs market. However, with changing working patterns, a rise in multiple incomes and other longterm structural trends supporting an increase in demand within our market, we remain cautiously optimistic and are well-positioned to continue to help customers realise their property ambitions, as we have for more than 50 years.”