The inaugural warehouse facility — which is set to mature in 2026 — was launched for first-charge owner-occupied and BTL loans secured against residential property in England, Scotland and Wales.

It is closely aligned to the group’s residential mortgage-backed securitisation (RMBS) programme, providing additional funds to support property investors and homeowners.

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Gerald Grimes, group CEO designate at Together, said: “We are excited to announce the successful launch of our FABS securitisation warehouse. 

“This new facility will provide additional funding to help our residential owner-occupier and BTL customers realise their ambitions in the current challenging economic environment.”

Gary Beckett, group managing director and chief treasury officer at Together, added: “The launch of our FABS facility provides further depth to our funding profile and continues to underline the strength and resilience of Together’s business model. 

“As part of this facility, we are pleased to welcome a new funding partner to the group and I would like to thank all of our banks and investors for their continued support.”

Over the past 12 months, Together has raised or refinanced approximately £4.3bn of facilities across nine transactions — including private and public securitisations — as part of its strategy to diversify and extend its funding profile to support its growth ambitions.

Its latest financial results for the quarter to 30th September revealed its loan book reached £5.7bn, with average monthly originations hitting £289.7m.