Tag: Marc Goldberg
Profit before tax rose by 7.1%.
Once completed, the work should see the value of the Monaco-based businessman’s property rise from £10m to £12.5m.
Truswell (pictured) has been head of national accounts at Together since July 2017 and after working his notice period will join Newcastle Building Society as head of intermediary mortgages.
Raine (pictured) who has more than 35 years’ experience in financial services – joins from Swedish bank Handelsbanken, where he helped to develop its business across northern England and Scotland.
The lender’s average monthly loan originations were in line with the second quarter of this year and up 20.5% on the same period last year, while origination LTVs remained conservative at 58.0% and principal losses very low at less than 0.1%.
In Q4 Together grew monthly loan originations by 24.9% to £171.7m, compared to the same quarter last year. The group delivered profit before tax of £31.2m and cash receipts to £363.0m for the quarter.
The customers, who are partners in a surveying firm, believed they’d already secured the £120,000 they needed through a different lender, to buy the business premises in West Sussex.
Together continued to grow strongly over the quarter to 30 September, with monthly loan originations up 9.7% to £137.5m, compared to the corresponding quarter last year.
The specialist lender, which was founded 44 years ago, has removed exit fees for unregulated bridging loans over £50,000, while making its lowest ever rate of 0.49% available over 12 months at 50% loan-to-value.
Together increased quarterly lending volumes to a record high of £422m, while maintaining a loan-to-value of 58.8%.