Together has reported quarterly profits of £55.7m for the period ending 30th September, as its loan book reached £8bn.
The group saw average monthly lending increase to £270.6m, up 6.6% on the previous quarter.
Profit before tax was up 3.7% compared to the same period last year and rose 13.4% on the previous quarter, helped by a lower impairment charge and reduced administrative costs.
Customer arrears stayed at 5.5%, the same as the last quarter.
Richard Rowntree (pictured), group CEO at Together, said: “We have delivered another strong performance during the quarter with the loan book reaching a new high of £8bn and underlying profit before tax up 4% on the same quarter last year to £55.7m.
“The UK economic outlook remains mixed, with expected interest rate cuts tempered by persistent inflation, global volatility and a softening jobs market.
“Despite these headwinds, with over 50 years’ experience and long-term structural trends supporting increasing demand in our market, we are well-positioned to navigate these challenges and help our customers achieve their property ambitions.”
