Capital raising bridging loans.
- Manage cashflow or nab an opportunity
- Flexible on income & credit status
- Fast, simple application process
Why choose Together?
FlexibleYou're more than a credit score. If the sums show that you can afford the property, we do our best to make it happen.
TrustedWith nearly 50 years of lending experience under our belts, you can trust us to get things right for you.
Open-mindedUnlike many, we lend on properties like ex-council properties, high-rise flats and those made of non-standard materials.
SmartReceive updates on your application, upload files & e-sign most documents to open your Together account - all using our secure app.
1.00%Rates from 1.00%
12 monthsAvailable over standard 12 months
No exit feeNo exit fee options available
70%Borrow up to 70% of the property's value
✓Often arranged faster than a traditional mortgage
* The actual rate and loan-to-value offered may vary based on your individual circumstances. Fees will apply. Although we endeavour to lend within the shortest possible timescales, this is not always achievable in 100% of cases.
Support your business with a capital raise bridging loan
We know there's no time to waste in business. So, we’ll work flexibly and make a quick, common sense decision – all aimed at giving you peace of mind, so you can concentrate on your next move.
You can use a Together bridging loan for a variety of scenarios. Perhaps you want to:
- Extend or refurbish a property
- Pay an unexpected tax bill
- Buy raw materials to fulfil a large order
- Take advantage of a business opportunity
Whatever it is, you’ll have up to 12 months to repay the initial loan in a lump sum. And we can secure your loan against:
- Residential investment properties
- Commercial and mixed-use properties
- Land (with or without planning permission)
Common questions about Bridging Loans
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 up to 75% of your property’s value depending on, what you will be using the bridging loan for, and your personal circumstances. The maximum loan-to-value ratio we can offer may be reduced based on the nature of the property.
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 development finance options available 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.
Overall cost for comparison
For example: A bridging loan of £234,600 repayable after 12 months on a fixed rate of 9.00% would require a single payment of the capital borrowed plus the accrued interest totalling £261,849.24 including fees.
The total amount payable would be £261,849.24 made up of the loan amount (£234,600), plus interest on the loan (£22,215.37); arrangement fee (£4,692.00); interest on these fees (£231.87); and the redemption administration fee (£110.00).
The overall cost for comparison is 11.6% APRC representative.
The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.
Ready to talk?Enquire today
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.