Together has revealed that it completed £105 million new lending in March 2016, with a total of 697 loans across first and second charge mortgages, short-term finance, auction finance and commercial loans.

Marc Goldberg, Together’s commercial CEO, said: “We’ve seen a fantastic start to the year and our March lending volumes highlight the continued demand for fast and flexible finance. This is our highest monthly lending in our 42-year history, and is a direct result of our commitment to the quality of our products and the dedication of our team, as well as our strong partnerships with our extensive network of brokers and introducers.

“Demand for bridging finance remained robust in this quarter, following an increase of nearly 65 per cent in 2015, and our auction division saw a record number of transactions in March. This is testament to the speed of our service, which is essential in auction purchases where the tight deadlines may be difficult for a mainstream lender to meet.

“In our retail division, the Mortgage Credit Directive was implemented with a smooth transition to the new processes, working closely with our broker partners.

“Buy-to-let lending was also strong, fuelled in part by the April stamp duty hike.”