Marc Goldberg

Together slashes rates across bridging range

Specialist lender Together has reduced bridging rates across its product range amid a major overhaul of its application process.

Semi-commercial and commercial rates now start from 0.95% and 1% per month respectively, while residential rates will start from 0.65% and refinance rates from 0.75%.

Together has also simplified the application process for its online portal My Broker Venue with application times dropping from 30 minutes to just two and a quote available in as little as 60 seconds.

There will also be a dedicated commercial bridging web page, with improved and streamlined processes.

Marc Goldberg, commercial CEO at Together (pictured above), said: “Following feedback from our broker partners, we’ve taken steps to enhance both our products and our processes in relation to our bridging finance offering.

“We’re confident that the new streamlined process, combined with our low rates, will help us to assist brokers with even more bridging applications and to deliver the short-term finance customers are looking for.”

As part of the revamp, bridging products will now be tiered by loan purpose, amount and LTV.

The maximum loan size for regulated bridging products has also risen from £1m to £2.5m for all plans up to a maximum LTV of 50%.

Meanwhile, there will be no lender’s legal fees and a free valuation scheme on loans for auction property purchases up to £500,000.

The announcement comes less than a week after Together announced a new sponsorship deal with Premiership rugby union team Sale Sharks.


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    Andrew David forsey

    Looks like they are serious about being a major playet

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