Together funds Fluent's first bridging loan

Together has funded Fluent Bridging’s first short-term loan, following its recent launch into the bridging market.

The client required £389,341 to redeem a loan secured against a converted flat, which is currently on the market.

Fluent Bridging submitted the packaged case to Together on 13th April and the lender used its AVM to carry out a Hometrack search, removing the need for a physical valuation. 

Together then agreed to provide a commercial bridging loan at 62% LTV and a 0.69% rate on a 12-month term, and the funds were delivered within nine working days.

In March, Fluent Money Group appointed John Hardman to head ups is newly launched bridging division, Fluent Bridging.

Marc Goldberg, commercial CEO at Together (pictured above), said: “We’re incredibly proud to have delivered Fluent Bridging’s first ever loan after the group’s launch into the short-term finance market.

“We have built up a fantastic relationship with the Fluent Group, having provided their clients with residential and BTL mortgages for nearly a decade, and have always been impressed by their consistently high level of service.

“We’ve no doubt this will continue and believe they will enhance and transform the dynamic bridging sector. 

“That’s why we’re excited about strengthening Together’s links with John and the team to provide more opportunities for borrowers, as Fluent continues to successfully build the bridging side of its business.”

John added: “While not every bridging loan is time critical, time really was of the essence on this occasion. 

“I was really impressed with the way Marc’s team attacked this, providing immediate peace of mind to our client and delivering a tailor-made solution in double-quick time. 

“We anticipate that Fluent Bridging will grow very quickly and Together demonstrated it can provide the same exceptional levels of service that we do as a broker and packager.

“This is without doubt the first of many deals we will complete with Marc’s team.”

Leave a comment