Together said new loan originations lifted 6.7% to £3.2bn last year compared to the previous 12 months, as the lender continued its “controlled lending growth”.  

The specialist lender, which offers a mix of residential and commercial mortgages, added that its net loan book rose 7.2% to £7.9bn in the year to the end of June, from 12 months ago. 

Among this, its buy-to-let net loan book rose 9.1% to £2.4bn, commercial term loans lifted 11.8% to £1.9bn, bridging was unchanged at £1.8bn, while its residential loan book rose 7.1%to £1.5bn. 

The group said its average monthly lending lifted 5.6% to £263.6m in the period. 

Its statutory pre-tax profit fell 1.8% to £190.6m, which it said in its annual report, is largely due to its transformation programme “to create new modern and scalable lending and data platforms”. 

Group chief executive Richard Rowntree, who joined the business in November from Paragon Bank, added: “The outlook for the UK economy is mixed, with expectations of further interest rate cuts offset by global economic uncertainty, continued trade disruption and a weaker jobs market.  

“However, with changing working patterns, a rise in multiple incomes and other long-term structural trends supporting an increase in demand within our market, we remain cautiously optimistic and are well-positioned to continue to help customers realise their property ambitions.”