together financial services

Together temporarily halts new loan applications across product range

Together Financial Services Limited has announced that, for a temporary period, it will not be accepting any new loan applications across its product range, amid the evolving Covid-19 crisis.

The 45-year-old lender said that it would focus its attention on customers already in its pipeline.

In line with the latest official guidance, Together has taken the steps necessary to relocate its colleagues, with the majority now working remotely from home.

It noted that it was closely monitoring official governmental guidance and, where appropriate, implementing changes to its forbearance policies in order to support customers who are impacted by Covid-19 — this includes the adoption of measures to support the government's recent announcement on three-month payment holidays. 

In a statement, Together said: “In light of the evolving situation across the country in respect of Covid-19, and the practical difficulties and uncertainty that this brings, we have decided to take a number of prudent steps as we focus on supporting our existing customers.

“For a temporary period, we will not be accepting any new loan applications across our product range and we will focus our attention on those customers currently in our pipeline, ensuring an assessment of their current situation is undertaken while honouring our commitment of mortgage offers as appropriate.

“At this time, given the general uncertainty, it is difficult to provide any degree of clarity on the potential implications to Together arising from Covid-19 or the government's and/or regulator's current or future responses to tackling the situation.  

“We continue to manage the company on a prudent basis and to monitor the situation carefully. 

“We will provide further updates as and when appropriate.”

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