Together Financial Services Limited has confirmed that it has successfully completed enhancements to its Highfield Asset Backed Securitisation 1 Limited warehouse facility and its Brooks Asset Backed Securitisation 2 Limited facility.
The £725m Highfield Asset Backed Securitisation 1 Limited warehouse has been refinanced on more efficient and flexible terms, with its maturity extended to December 2029.
At the same time, Brooks Asset Backed Securitisation 2 Limited has been topped up with £83.5m of sub-performing loans that were previously funded within Senior Borrower Group 1, secured on improved commercial terms.
Gary Beckett, group managing director and chief treasury officer at Together, said: “Our ability to extend the maturity profile and improve terms within our funding structure reflects the strength of our business model and the continued confidence of our funding partners.
“This ensures we remain well positioned to deliver sustainable growth and help our customers achieve their property ambitions.”
The Highfield Asset Backed Securitisation 1 Limited warehouse facility supports Together’s small balance commercial real estate lending, primarily serving small and medium-sized businesses and commercial property investors across the UK.
The programme was originally launched as a £525m facility in 2018, extended in 2020 and subsequently increased to £725m in 2023.
The latest refinancing follows the successful issuance of the group’s fifth public commercial real estate mortgage-backed securitisation, CRE5, completed in March last year.
Brooks Asset Backed Securitisation 2 Limited is a bespoke facility comprising a diversified pool of sub-performing residential and commercial purpose loans. It was completed in March 2025 and succeeded the original Brooks Asset Backed Securitisation facility, which was launched in 2021.
