Together successfully completes Brooks Asset Backed Securitisation 2

Together Financial Services Limited (“Together” or the “Group“), one of the UK’s leading non-bank relationship lenders, is pleased to announce the completion of the new Brooks Asset Backed Securitisation 2 Limited (“BABS2”) sub-performing loans facility.

BABS2 will succeed our current “BABS” facility, first issued in 2021.

BABS2 is a tailored facility consisting of a £121.9m varied pool of certain residential and commercial purpose sub-performing loans previously funded within the Senior Borrower Group ¹. Consistent with the Group’s wider securitisation programme, Together will continue to service and manage the loans within the new facility and will retain the customer relationships, reflecting our specialist expertise and our focus on ensuring the best outcomes for our customers. BABS2 complements the Group’s existing 13 public mortgage-backed securitisations, seven private securitisations, senior secured notes and revolving credit facility.

Gary Beckett, Group Managing Director and Chief Treasury Officer at Together, commented: “We are delighted to announce the completion of BABS2, which provides additional flexibility to our funding platform. Since the start of the calendar year, we have successfully raised or refinanced £2.5bn across five transactions, as we continue to broaden our funding and raise additional liquidity to support our growth ambitions.”

1. Senior Borrower Group means Together Financial Services Limited and its subsidiaries excluding loans funded within our securitisation programme.

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Together

About Together

One of the UK’s leading non-bank relationship lenders, Together has been making finance work to help our customers realise their ambitions for over 50 years.

A strong, diverse and financially inclusive lender, we support a wide range of underserved customers including the self-employed, those with more complex incomes, in later life or with thin or impaired credit, landlords and SME and business customers. We offer our customers a wide range of flexible lending products including short term finance, auction finance, residential, buy-to-let and commercial mortgages, secured loans and development finance.

Our expertise in lending means we can look beyond mainstream lending criteria to consider individual circumstances and treat each application on its own merits to help our customers solve problems and realise opportunities.

Together is the trading name of Together Financial Services Limited, which has its registered office address at Lake View, Lakeside, Cheadle, Cheshire SK8 3GW.