RCS - Together Fin. Svc. - Together prices second public MBS transaction

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RNS Number : 7604D  Together Financial Services Limited  11 May 2026

Together prices second public MBS transaction in two months

11(th) May 2026

Together Financial Services Limited ('Together' or 'the Group'), which aims to
be the UK's finance partner of choice, is pleased to announce the successful
pricing of its sixth public small balance commercial real estate
mortgage-backed securitisation ("CRE MBS"), Together Asset Backed
Securitisation 2026 -1-CRE-6 CRE1 plc ("CRE6").

Highlights

·    £542m small balance commercial real estate MBS

·    1.03% weighted average cost of placed notes at a 95% Advance Rate

·    84.50% of issued notes expected to be rated AAA(sf) by Fitch and
AAA(sf) by DBRS

CRE6 is supported by a portfolio of first and second charge mortgages (98.6%
first charge) secured against commercial, residential and mixed-use properties
located in England, Wales and Scotland, with 26.6% of the underlying borrowers
being self-employed. CRE6 complements the Group's existing 13 public
mortgage-backed securitisations, eight private securitisations, secured notes
and revolving credit facility. The CRE6 pricing follows the successful
issuance of £300m second lien secured notes earlier this week.

Richard Rowntree, Group Chief Executive Officer of Together commented, said:

"We are delighted to announce the successful pricing of our latest small
balance commercial real estate MBS, the £542 million CRE6, as we continue to
increase our support for UK SMEs."

Gary Beckett, Group MD and Chief Treasury Officer at Together, added:

"Issuing two public MBS transactions and completing a significant secured
notes issuance in the space of two months highlights the strength of our
platform, the quality of our loan book and the ongoing support from our
investors. Since January, including CRE6, we have now raised or refinanced
over £1.3 billion across 3 transactions."

Citibank and Lloyds acted as Co-arrangers and BNP Paribas, Citibank, HSBC,
Lloyds, Natixis and Santander acted as Joint Lead Managers

 Together
 Mike Davies, Director of Corporate Affairs  +44 7753 138185

                                             mike.davies@togethermoney.com (mailto:mike.davies@togethermoney.com)

 Camarco (Financial PR)

 Ben Woodford

                                             +44 7990 653341

 Alex Campbell                               ben.woodford@camarco.co.uk (mailto:ben.woodford@camarco.co.uk)

                                             +44 7710 230545

                                             alex.campbell@camarco.co.uk

 

About Together

Together has been giving people a fair chance to bring their property
ambitions to life for over 50 years.

We provide a wide range of flexible lending products including residential and
buy-to-let mortgages, bridging loans, commercial mortgages and development
funding to give our customers the opportunity to turn their ambitions into
reality.

By using our expertise and common sense, we build trusted relationships and
open doors to help individuals, SMEs, businesses and property investors to
thrive.

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

Further information about CRE6

CRE6 is a special purpose securitisation vehicle which will acquire the
beneficial ownership to a portfolio of mortgage loans secured against
commercial, semi-commercial and residential properties in England, Wales and
Scotland on the closing date. The notes issued by CRE6 will mature on the
interest payment date falling in February 2058, with the optional redemption
date on the interest payment date falling in June 2030, after which the margin
on the rated notes (other than the class X note) issued by CRE6 is set to
increase. The mortgage loans will be sold to CRE6 by Together Commercial
Finance Limited. The outstanding principal balance, as at the portfolio
reference data, of the mortgage loans sold to CRE6 is £542 million.

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This announcement may include projections and other "forward-looking"
statements within the meaning of applicable securities laws. Any such
projections or statements reflect the current views of any of the transaction
parties about future events and financial performance. The use of any of the
words "expect," "anticipate," "continue," "will," "project," "should,"
"believe," " plans," "intends" and similar expressions are intended to
identify forward-looking information or statements. Although Together believes
that the expectations and assumptions on which such forward looking statements
and information are reasonable, undue reliance should not be placed on the
forward-looking statements and information because Together can give no
assurance that such statements and information will prove to be correct. Since
forward-looking statements and information address future events and
conditions, by their very nature they involve inherent risks and
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