Together delivers record originations of £3.5bn
The lender delivered record originations of £3.5bn during FY26.
The group’s average monthly lending increased by 10.5% to £291.4m, compared with £263.6m a year earlier.
Together’s loan book rose 8% year-on-year to a record £8.5bn, up from £7.9bn in FY25. Its cash receipts totalled £3.7bn, up from £3.4bn in FY25.
Overall, underlying profit before tax increased to £223m, up from £216.1m.
Mortgage lending and risk
Together said lending growth was achieved while maintaining low loan-to-value (LTV) ratios.
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The weighted average origination LTV was 61.5%, compared with 60% in FY25. The indexed weighted average LTV remained low at 56.6%, up slightly from 55.8% last financial year.
Arrears fell to 4.3%, down from 5.5% the previous year.
Together said it continued to focus on core specialist lending markets where customer demand remains strong and risk-adjusted returns are attractive.
The lender launched a targeted semi-commercial proposition, which it described as an attractive adjacent growth market.
It invested in sales, operations, data and insight capabilities to improve service levels and customer outcomes.
Together also reported £1.1bn of facility headroom and £440m of accessible liquidity, which it said would support future lending growth.
Executive leadership changes
Within Together’s personal finance division, John Hooper, currently a non-executive director, will take on the role of board chair, with effect from 1 October. This was part of a planned succession from Richard Gregory, after an eight-year term.
