Previously, loans sizes were £750,000 and £500,000, respectively.
The new product changes were introduced this week following feedback from brokers, and are available to Together’s key partners and directly to customers.
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Sundeep Patel, head of intermediaries at Together (pictured above), said: “
“We have some of the most flexible criteria in the specialist mortgage market, and these latest changes will support those clients whose borrowing needs are not met by high street lenders.
The changes follow the lender’s announcement earlier in the year that it had lowered rates on its commercial bridging loans to 0.65% (for 50% LTV and under).
More product updates are expected to be announced in the new year.
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