cross charging

Together enhances regulated bridging range with cross-charging




Specialist lender Together has introduced cross-charging to its range of regulated bridging products.

Customers will now be able to secure finance against two properties, with the firm accepting a remortgage as a repayment strategy when an additional security is being used alongside the sale of the existing property.

Proceeds of inheritance and sale of property also remain accepted repayment strategies.

Gary Bailey, sales director at Together, said: “We’ve made a number of changes to our criteria for regulated bridging loans, based on feedback from our broker partners.

“The ability to cross-charge offers customers more flexibility, so that they can utilise equity in both their current and new property, which very much ties in with our commonsense lending philosophy.”

Together has also expanded its network of packagers to meet the growing demand for regulated bridging finance, following a successful pilot scheme.

“We offer regulated bridging through our intermediaries and are now working with even more packagers,” Gary added. 

“Our aim is to ensure that our products are in line with customers’ needs and that we support our broker partners as much as possible, and take their feedback into account, which is what these changes are all about.”

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