Together and CSF partner on £1.2m bridging loan for Scotland home purchase

Together has completed a £1.2m regulated bridging loan for a homeowner in Scotland, enabling them to secure a new home in the Cairngorms before the sale of two existing homes.

The transaction was completed through Together's Premier for Intermediaries service and was introduced by Crystal Specialist Finance.

The client was looking to purchase a new main residence but had significant wealth tied up across their existing personal properties.

While substantial equity was available, the timing of the planned property sales meant that funding would not be in place in time, putting the client’s dream move at risk.

Working closely with Crystal Specialist Finance, Together structured a 12-month regulated bridging loan secured against the client’s main home and a second home, both based in Edinburgh, at a 60% overall LTV.

The loan allowed the client to fund the full £1.2m Cairngorms purchase immediately while providing time for the sale of their existing assets, which would act as the exit strategy for the bridging loan, supported by additional personal savings.

Dan Narwal, intermediary corporate account director at Together (pictured above), said: “We’re seeing increasing demand from brokers for personal finance cases above £1m, many of which need to be assessed and completed at speed.

“These deals often involve multiple properties, complex income and nuanced exit strategies, meaning brokers need access to experienced underwriters who can assess the bigger picture rather than relying solely on automated processes.

“By providing direct access to a dedicated team, we’re able to assess complex cases manually while maintaining the speed and certainty that brokers and their clients expect from a bridging lender.”

Jason Berry, group sales director at Crystal Specialist Finance, said: “Having previously used Together's Premier for Intermediaries service on a number of larger commercial transactions, we were confident they had the expertise and resource to support our client’s plans.

“The case involved a high-value residential purchase, so it was important to work with a lender that could provide clear guidance throughout.

“Communication was excellent from the outset and the Premier team kept the case moving at pace, giving our client and ourselves confidence throughout the transaction.”