Together loan book reaches £8 billion

Cheadle-based property lender, Together, has revealed its loan book has topped £8 billion in its quarterly results for the three months to 30th September 2025.

The lender’s quarterly results revealed average monthly lending rose to £270.6 million, up 0.5% on the same period last year, and up 6.6% on the previous quarter. Underlying profit before tax also rose to £55.7 million.

Commenting on the results, Richard Rowntree, Group Chief Executive Officer of Together, said:

“Together delivered another strong performance during the quarter with the loan book reaching a new high of £8.0bn, underlying net interest margin remaining highly attractive at 5.3% and underlying profitbefore tax up 4% on the same quarter last year to £55.7m.

“We made good progress against our strategic plan, advancing our lending system transformation programme into the testing phase and further enhancing our Executive management team and Board. We also maintained our funding momentum, successfully issuing our second residential mortgage-backed securitisation of 2025, refinancing our development loan securitisation and our revolving credit facility on better terms whilst extending maturity and securing improved commercial terms across four securitisation warehouses.”

Alongside strong financial performance, Together also strengthened its Executive team and Board during the July, August and September, welcoming Dave Sutherland as Chief Operating Office, Cheryl Brough as Chief People Officer, and appointing Andy Higginson to its Board as Non-Executive Director.

Work also begun on improvements to Together’s headquarters, with construction underway on a new link building to connect its two existing units at Cheadle Royal Business Park.

Looking ahead, Richard Rowntree added:

“The UK economic outlook remains mixed, with expected interest rate cuts tempered by persistent inflation, global volatility and a softening jobs market. Despite these headwinds, with over 50 years’ experience and long-term structural trends supporting increasing demand in our market, we are well-positioned to navigate these challenges and help our customers achieve their property ambitions.”