Short-term bridging finance

Bridging loans.

Whether you need to sort out a cash flow problem, bridge the gap between buying a property and securing a mortgage, or turn around a project quickly.
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How does a Together bridging loan work?

A Together bridging loan lasts for an agreed term – typically 12 months. We provide the loan you need, and you need to pay it back (as a lump sum) before or when the term ends.

You'll be charged interest each month. Depending on what type of Bridging loan you have, you may need to pay this each month, or it may be rolled up and added to the lump sum. If you repay the lump sum before the term ends, you may be charged less interest in total.

Any fees associated with the loan can be added to the lump sum as well.

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Who are we for?

In the simplest terms, we work with anyone who needs to access borrowing. Whether for them, their business, or their clients. We work with business owners, property developers, investors, landlords and people who are about to try something brand new to them.

And while some lenders struggle to cope with this brave new world, we’ve always used our common sense, and taken a pragmatic look at real lives. We get to know the person behind the application, because you’re more than a credit score or payslip. You’ve got big dreams, and big plans. And we’re here to help you get there.

You can count on us to think outside the tickbox, and make sure an underwriter – not a computer – makes the final decision, every time. It's an approach that's more relevant than ever. And when everything changes again, we’ll be ready.
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Common questions about bridging loans

Can't find the answer to your question below? Please visit our help section.

What is a bridging loan?

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.

Why might you choose a bridging loan?

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.

How much can I borrow, and how much deposit will I need?

We can lend you up to 70% of your property's value, so you’ll need at least 30% as a deposit. The maximum loan-to-value ratio we can offer may be reduced based on the nature of the property, what you’ll be using the bridging loan for, and your personal circumstances.

Can I apply for a bridging loan if I have poor credit?

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.

Can I get a bridging loan if I’m retired?

Yes – we’ve no maximum age on our Bridging loans, and we’ll consider a wide range of income (including your pension) when it comes to assessing affordability.

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.

Can I get a bridging loan if I’m self-employed?

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.

Can I get a bridging loan on land?

Yes – we can lend on land for a range of purposes. And if you’ve got planning permission in place, we have specific Bridging loans for development which can last up to 24 months.

How do you decide my 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).

How long does a bridging loan take to arrange?

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.

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Your home may be repossessed if you do not keep up repayments on your mortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Together offer a range of regulated products and unregulated products. Together Personal Finance Limited are authorised and regulated by the Financial Conduct Authority (FCA) and offer products including (but not limited to) Personal mortgages, Secured loans, Consumer Buy to Let mortgages and regulated Bridging loans.

Our unregulated products are provided by Together Commercial Finance Limited and include (but are not limited) to unregulated Bridging loans, Buy to Let mortgages, Auction finance and Development finance.