Together cuts rates on unregulated bridging products

Together has cut rates, hiked LTVs and doubled maximum loan sizes across its unregulated bridging range.

The specialist lender has repriced its short-term loans for residential investment to 0.55% at up to 50% LTV and 0.65% at up to 60% LTV.

Unregulated bridging loans for commercial property have seen rates lowered to 0.85% at 60% LTV and 0.90% at 70% LTV, while maximum LTVs have been increased from 65% to 70% for purchases and from 50% to 65% for refinancing.

In addition, the finance provider has doubled the maximum loan size across its unregulated bridging range to £1m.

Marc Goldberg, commercial CEO at Together (pictured above), said: “Despite the challenges of the pandemic, the property market has performed well, meaning the bridging finance industry has remained strong. 

“We expect this positivity to continue as restrictions are fully lifted; that’s why we’re introducing these latest changes to provide more options for borrowers.”

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