Your home may be repossessed if you do not keep up repayments on your mortgage.
A bridging loan is a short-term solution designed to help you bridge the gap between buying a new property and selling an existing one, funding refurbishments, or securing a quick purchase.
Together’s bridging loans provide the speed and flexibility you need to seize opportunities without delay.
Quickly secure funds to buy residential or commercial properties, even in time-sensitive situations like property auctions.
Finance refurbishments or improvements to increase property value before selling or refinancing.
Cover early-stage development costs or land purchases, allowing projects to move forward without delays.
Access funding for buy to let investments or property flips, enabling fast purchases and renovations.
Fund business property purchases or cover urgent cash flow needs while waiting for longer-term financing.
Access the funding to secure your new property if the deal to sell your current property falls through at the last minute.
A Together bridging loan lasts for an agreed term – typically 12 months. Once we provide your loan, you’ll have up to the end of that term to repay the loan amount (in a lump sum).
You'll also be charged interest each month. Depending on your bridging loan, you’ll either pay off the interest amount monthly, or it may be added to the single repayment at the end of your term.
You can repay the loan at any time before your term ends, which may mean you’ll be charged less interest overall. Any fees associated with the loan can be added to your final payment.
Do you want to understand the potential cost of your mortgage or loan?
We can give you an idea of the monthly costs with just a few details like the property value, your deposit amount and how long you need the loan to last.
Find out here
When it comes to getting a bridging loan, it’s all about speed, service and simplicity.
At Together, our dedicated team will make sure you get access to the funds you need quickly and easily – in as little as 24 hours.
But, don’t just take our word for it! Our bridging products have been recognised by customers and industry professionals alike, making us a multi-award winning bridging finance provider you can rely on.
We can lend up to 70% of your property’s value. However, please note that the maximum loan-to-value ratio we can offer might be adjusted depending on the nature of the property.
A bridging loan is a short-term loan, which covers the gap between paying out for a new home before receiving the proceeds of the sale of another, they usually lasts up to 12 months.
If you’ve got less-than-perfect credit, such as a small blip that’s caused a big impact on your credit score – we’ll use our common sense when reviewing your application, and look at your credit history instead.
We can also ignore adverse credit that’s over 12 months old when it comes to deciding your interest rate.
The rate you're offered may be influenced by several factors, including:
What you're using the bridging loan for.
The type and value of the property you're using to secure the loan.
How much you need to borrow (both in total, and as a percentage of your property's value).
Whether you have any other loans secured against the property, that won't be repaid by this loan.
Your credit history (but not your credit score).
Whether you’re a sole trader, freelancer or side-hustler, we can accept self-employed applicants with just 12 months trading history, and you’ll get the same rates as someone with a regular income.
We’ll look at your last three months’ earnings, so even if you took advantage of the Self-Employed Income Support Scheme in 2020, you’ll still be treated as normal.
We’ve got decades of experience in getting bridging cases over the line quickly – and much faster than a typical fixed-term loan or mortgage. This means a bridging loan could get you the cash you need while waiting for longer-term borrowing to be arranged.
A bridging loan is short-term, so you may choose one if you only need money temporarily – perhaps to sort out a cash flow problem, to bridge the gap between buying a property and securing a mortgage, or because you're intending to turn around a project quickly.
Yes – we can lend on land for a range of purposes. And if you’ve got planning permission in place, we have development finance options available which can last up to 24 months.
Yes – we have a maximum age of 85 years at the end of the term.
So if you’ve found the perfect retirement property, you don’t need to wait around for your current one to sell, and you’ll have plenty of time to organise your move and make the transition gradually.
Lending decisions are based on a credit check and an assessment of your individual circumstance.
All mortgages are subject to our terms and conditions.
