The limited-edition product – which the lender claims is the lowest currently in the market at up to 50% LTV – is the lowest published bridging rate from Together in its 43-year history.
The rate is available for loans up to £2.5m, with larger applications considered on an individual basis.
The product has no maximum age limit.
- Together appoints intermediary relationship director
- Together launches new specialist BTL range
- Together appoints two ex-Virgin Money BDMs
“This is our best rate yet, and the current market-leading rate for regulated bridging loans up to 50% LTV, so we’re delighted to be able to offer this to our broker partners on a limited-edition basis,” said Pete Ball, personal finance CEO at Together (pictured above).
“This new rate, coupled with our commonsense approach to lending, offers customers a cost-effective, short-term finance option that can be used in a wide variety of circumstances; whether that’s buying a property, raising capital or repairing a broken chain.”
Sales of existing properties and proceeds of probate are accepted as repayment strategies, as well as a combination of sale and remortgage where customers use more than one property as security.
Together lent a total of £626.4m of bridging finance in 2016.
Leave a comment