Cheadle-based specialist lender Together has announced strong growth and record levels of lending in its results for the year ended 30 June 2018.
It comes as the group’s loan book reached a new high of £3bn.
Building on over four decades of experience, Together continued to grow strongly, with annual loan originations up 40 per cent to £1.7bn.
Highlights included their highest ever month of lending in June of £169.2m, while they maintained a conservative loan-to-value on originations of 58 per cent.
The group remained highly cash generative and profitable, delivering cash receipts of £1.2bn during the year, and profit before tax up 29.3 per cent to £121.7m.
Group Chairman Mike McTighe said: “We maintained our strong growth momentum in the year while continuing to invest in our people, products, distribution channels, systems and governance.
“We also continued enhancing our senior management team with several senior appointments across the group, including the arrival of John Lowe from Coventry Building Society.
“With an established track record, a unique and successful model and the investment we are making in our platform, we believe Together has a great opportunity and remains well placed to deliver on our ambitious growth plans.”
Pete Ball, personal finance CEO, added: “We are excited to have achieved another period of record lending during the year as we grew our loan book to £3bn.
“Particular highlights over the year have included building out our distribution partnerships with the UK mortgage clubs and networks, as well as continuing to invest in our people, product range and service offering.
“Over the last 12 months we have focused improving communications with customers through every stage of a loan, and we are proud to report an increase to 93% of customers saying they are happy with our service.
“Looking ahead, we’re focused on further enhancing our platform and extending our distribution reach to provide more customers with the products and finance solutions they need.”
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