Together has reported underlying profit before tax of £222.5m for the year to 30 June 2026, alongside record lending volumes and an £8.5bn net loan book.
The specialist property finance group, which is based in Cheadle, Greater Manchester, wrote £3.5bn of new loans during the year – the highest annual figure in its 52-year history.
Its net loan book increased by 8% to a record £8.5bn, while average monthly lending reached £291.4m, 10.5% higher than in June 2025.
Together generated £878.1m of interest during the year, an increase of 1.2% on the previous 12 months. Cash receipts totalled £3.7bn following what the lender described as a strong period for loan redemptions.
The group provides residential, commercial and buy-to-let mortgages alongside bridging, auction and development finance, with a focus on customers and transactions that may fall outside mainstream lending criteria.
Richard Rowntree (pictured), group chief executive officer at Together, said: “Together has delivered another strong year, with our loan book reaching a record £8.5 billion and underlying profit before tax increasing to £223 million.
“This performance reflects sustained demand for our products, the strength and resilience of our business model, and our disciplined approach to underwriting and risk management.
“We made meaningful progress during the year against our strategic priorities, continuing to invest in our proposition, systems, data and leadership capability, while further strengthening the governance, risk and funding foundations that underpin our business.
“These are important areas of focus for Together as we improve the experience we provide to customers and partners today, and build a more scalable, efficient and resilient business for the future.”
TRANSFORMATION AND FUNDING
Together continued work on its transformation programme during the year, with a new lending platform moving into testing and refinement.
The group also invested in sales and operations capability, data and insight, while launching a targeted semi-commercial proposition.
On the funding side, Together raised, refinanced or increased £3bn across nine securitisations during the financial year as it continued to access the debt capital markets.
Rowntree said: “Our diversified funding platform remains a clear strength, supported by long-standing relationships and substantial liquidity headroom. While the economic and geopolitical backdrop remains uncertain, the long-term need for specialist lending is clear.
“With our experienced team, proven underwriting expertise and strong foundations, Together is well positioned to support customers, partners and investors over the long term.”
BOARD AND COMMITTEE CHANGES
The results were announced alongside a series of changes to Together’s board and committee structure.
Andy Higginson, non-executive director, will take up the newly created role of deputy chair from 1 October 2026. He will support chair Mike McTighe and the wider board on strategic and governance matters.
Richard Fearon, non-executive director, has been appointed chair of the group risk committee with immediate effect, while Wayne Bowser will remain on the board and continue as chair of the audit committee.
Within Together Personal Finance, John Hooper, currently a non-executive director, will become chair from 1 October 2026, subject to regulatory approval.
He will succeed Richard Gregory, who will step down from the board on the same date following an eight-year term.
Together said the appointments formed part of its succession planning and continued focus on board effectiveness and governance oversight.
