Together smashes lending records with £325m in a single month

By Bridging Loan Directory 10th July 2024

Specialist lender Together today announced it has broken its all-time lending record for a single month.

The finance group, which provides personal and commercial mortgages, bridging, Buy-to-Let (BTL) and development finance across the UK, revealed its monthly figures for June – and total new lending of £328.9 million.

The latest figures represent 1,455 completions across the group, and include monthly records for:

Bridging loans totalling £159.7million from 631 transactions
Development finance totalling £29.25million, the largest on record
Community Housing and Healthcare lending of £11.2million, supporting Together’s ambitions within this sector.

Chris Baguley, Group Channel Development Director at Together, described the record lending as an “incredible achievement” and said it was a result of the strong performance of sales channels across the group.

He said: “Together’s latest lending figures show the growing demand for our fast and flexible finance and are testament to a strong ethos of common sense lending which runs through our business.

“We’ve helped people across the board from family home-buyers and social housing providers to landlords, investors and large corporate developers achieve their property ambitions during what has been a tough time for individuals and businesses.

“The reason we’ve been able to do this is because of the hard work and dedication of our colleagues, which have allowed us to deliver incredible outcomes for our customers and the UK economy.”

Earlier this year, the lender announced a new £150 million development finance facility for thousands more homes across the UK.

The fund unlocks the additional finance needed for SME developers undertaking housing schemes, student accommodation, care homes, social housing and mixed-use projects.

Mr Baguley added: “We are very pleased and proud with our overall performance in delivering a highly impressive month, and the continued support we provide through excellent customer service to streamline processes and enhance our product range.

“These improvements mean we’re well on track to meet our own growth ambitions – and our vision to be the most valued lender in the market.”