Some lenders may promise to be able to provide short-term loans to set deadlines – but can sometimes fail to deliver because they don’t have the necessary experience or expertise.

As a specialist in this area, we are able to make quick decisions and act fast once we’ve made a commitment to lend. This was highlighted in a recent case in which we worked closely with Crystal Specialist Finance to provide a property development company with a £102,600 bridging loan after they had been let down at the last minute by another finance provider.

The customer was developing seven flats and a two-bedroom townhouse which were close to completion, but needed the additional finance quickly to prevent the project from being delayed. They plan to refinance in six months when they let the eight rental properties and – thanks to our funding – are back on track to finish the project.

•   Together delivers £102,600 bridge in 48 hours
•   FIBA conference: Bridging rates predicted to go as low as 0.2%
•   Bridging lending up 10% in 2017

This case was pretty straightforward, but the initial lender simply couldn’t deliver in the timescales. The fact that we stepped in and completed the loan in just 48 hours came as a huge relief for the customer.

Here at Together, we have built a solid reputation for being able to provide funding quickly to meet our customer’s needs. We see many situations like this where other lenders promise and then don’t deliver. However, we will do all we can to provide the funds as quickly as possible.

Our broker partners – such as Crystal Specialist Finance – know they can rely on us, even when the deadlines are extremely tight. When we saw this development – which is of a really high standard and was very close to completion – we agreed to provide the funds within the timeframe.

Our underwriting team and solicitors worked closely with the client’s legal team to make it happen and we’re delighted that the development will now be completed as planned.