David Owen

Together funds £2.1m regulated bridge in under two weeks




Together has completed a £2.1m regulated bridging loan in less than two weeks.

The customer sought funding to purchase a new home in Surrey ahead of a planned holiday, with broker Dolphin Loans hoping Together would help them meet the deadline.

After reviewing the case and with the property valued at £5.25m, Together provided the funds at an LTV of 39% on a 12-month facility.

David Owen, regional development manager for Together (pictured above), said: “This is our largest regulated bridging loan since we updated our bridging product range in 2015 and is a great example of the benefits of bridging in practice.

“In this instance, the whole process took less than two weeks, with funding delivered just two days after the offer was issued, so the customer could go on holiday with peace of mind.”

The loan included rolled-up interest, enabling the customer to pay at the end of the term after refinancing the property with a mainstream lender.

This latest deal follows news that Together had completed a £200m bond issuance to support growing demand for its products.

Lyndsey Fellows, director at Dolphin Loans, added: “In situations like this – where speed is of the essence – it’s great to have lenders like Together that will apply a commonsense approach and really go the extra mile to meet tight timescales.

“The case was referred to us via KIS Finance before the offer from Together was provided to the customer on the Wednesday and the funds were sent on Friday morning, so it was a great outcome for all involved.”

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