Together stated new loan originations lifted 6.7% to £3.2bn final yr in contrast to the earlier 12 months, because the lender continued its “managed lending development”.
The specialist lender, which presents a mixture of residential and industrial mortgages, added that its web loan ebook rose 7.2% to £7.9bn within the yr to the top of June, from 12 months in the past.
Among this, its buy-to-let web loan ebook rose 9.1% to £2.4bn, industrial time period loans lifted 11.8% to £1.9bn, bridging was unchanged at £1.8bn, whereas its residential loan ebook rose 7.1%to £1.5bn.
The group stated its common month-to-month lending lifted 5.6% to £263.6m within the interval.
Its statutory pre-tax revenue fell 1.8% to £190.6m, which it stated in its annual report, is essentially due to its transformation programme “to create new fashionable and scalable lending and information platforms”.
Group chief govt Richard Rowntree, who joined the enterprise in November from Paragon Bank, added: “The outlook for the UK financial system is combined, with expectations of additional rate of interest cuts offset by international financial uncertainty, continued commerce disruption and a weaker jobs market.
“However, with altering working patterns, an increase in a number of incomes and different long-term structural developments supporting a rise in demand inside our market, we stay cautiously optimistic and are well-positioned to proceed to assist prospects realise their property ambitions.”
