Specialist lender Together has announced the successful pricing of its £276.8m second charge-only residential mortgage-backed securitisation (RMBS).
The Together Asset Backed Securitisation 2025 – 2ND1 PLC transaction comprised second charge owner-occupied and buy-to-let (BTL) loans secured against residential property in England, Scotland and Wales.
It refinances assets forming part of the group’s £387m Wilmslow ABS facility and the group’s senior notes.
The facility sits alongside Together’s existing nine public residential and four commercial real estate MBS, seven private securitisation facilities, senior secured notes and banking syndicate facility (RCF).
Gary Beckett, group managing director and chief treasury officer at Together, said: “We are delighted to announce the successful pricing of our first public RMBS this year as we continue to support more residential owner-occupier and buy-to-let customers in realising their ambitions.
“Since the start of this calendar year, we have already successfully raised or refinanced over £1.87bn across three transactions, as we continue to strengthen and diversify our funding programme to support our future growth strategy.”
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Together makes internal promotions in underwriting team
Together has also announced the promotion of a number of long-term employees in its underwriting team, which it said was part of its commitment to colleague development.
Rebecca Alden (pictured, left) has returned to the underwriting division as underwriting operations director. She has worked for Together for nearly four years, previously as head of CUPD, where she oversaw servicing and collections.
Her experience includes more than two decades at the Royal Bank of Scotland and NatWest, and nearly a year as manager of credit operations at Redwood Bank.
Jonathan McCarthy (pictured, middle) and Emma Carpenter (pictured, right) will both be moving into head of department roles.
McCarthy has worked at Together for 25 years in a variety of positions, including as a processor, underwriter and team manager. His new remit will be covering personal finance.
Carpenter has worked in financial services for 18 years, including six years at Together. She joined the specialist lender looking after the operations support team and has held roles in broker underwriting and commercial operations.
In her new position, she will oversee commercial finance.
Together has also promoted two employees to the underwriting director team, with Ben Wilson and Emma Barker joining the personal finance team. Additionally, Ben Storey will rejoin commercial finance.
John Barker, CEO of personal finance at Together said: “Our colleagues are our most important asset at Together, and helping them to grow and develop is at the heart of our ethos. We are a lender whose culture is built on relationships, and to achieve that it needs to start with our employees.
“Each of these individuals has been with Together for several years, offering their passion and skill to help the company grow and develop. We are pleased to be able to reward that dedication and look forward to seeing them continue their careers here.
“We remain dedicated to providing our colleagues with career opportunities; giving them the chance to move up the ladder and expand their skill sets.”
The move comes as Duncan Abraham, underwriting operations director, announced he was leaving the company after 26 years to join West One Loans.
Marc Goldberg, CEO of sales and distribution at Together, added: “We are sad to say goodbye to Duncan, but delighted to be able to provide opportunities to so many of our valued employees.
“We invest so much into our colleagues at Together, and these new additions will add strength to an already impressive team.
“We wish them the best of luck in their new roles, and look forward to seeing them continue to grow.”
