pdf-articles Ratings /ratings/en/research/pdf-articles/210602-presale-together-asset-backed-securitisation-2021-cre2-plc-11975865 content esgSubNav

Presale: Together Asset Backed Securitisation 2021-CRE2 PLC

Together, formerly Jerrold Holdings Ltd., is a Cheadle-based specialist U.K. mortgage provider lending to customers via and mortgage intermediaries and direct channels through Together Personal Finance Ltd. and Together Commercial Finance Ltd. Together was established in 1974 and became Financial Conduct Authority-regulated in 2004. As of March 2021, the company had a book of £3.9 billion first- and second-charge owner-occupied and BTL loans secured over residential, commercial, and semi-commercial properties across the U.K. Together also has a strong presence in the bridging loan market and the development finance market. There are no bridging loans or development finance loans in this portfolio. Together has about 550 employees and has remained profitable throughout multiple business cycles. The weighted-average original LTV ratio across