Found your dream home?

Secure your next home before selling your old place. Check my eligibility

Up to 12 months, with no Early Repayment Charges.
Borrow up to £500,000.
Borrow up to 75%* of your home’s market value.
No monthly payments.
Rates from 0.65%/month*.

*The maximum loan, rate and loan-to-value ratio offered may vary based on your individual circumstances.

5/5 average rating by independent customer

Why choose Together?

No Early Repayment Fees

We don't think it's fair to punish you for repaying early - so the sooner you repay your bridging loan, the less it’ll cost you.

Picture of a cartoon pen drawing a line.

Vast Experience

With over 45 years of lending experience under our belts, you can trust us to get things right for you.

Common Sense Decisions

You're more than a credit score. If the sums show that you can afford the property, we do our best to make it happen.

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We understand every situation is unique

Here's the story of Bethany and Ben, two new customers we helped recently.

Bethany and her husband Ben left their office jobs in 2018 to set up a company of their own, which is now thriving. Last year they decided to sell their home and purchase a new build in their home town.

However, with the buyers of their existing property stuck in a chain, Bethany and Ben risked losing out on their dream home when trying to find a mortgage for moving home. Despite their perfect credit histories, their bank wouldn’t help as both Bethany and Ben are self-employed.

So Bethany and Ben came to Together, and we gave them a short-term bridging loan that effectively turned them into cash buyers to secure their new home. And when their own sale went through a few months later, they used the proceeds to pay off their bridging loan in full. Ready to see how we could help you?

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How we helped Bethany and Ben

Reason for decline by high street bank	Both applicants self-employed
Amount sought	£105,000
Desired term	12 months
Rate	0.85% per month
Time from application to funding	8 days

Figures based on an actual Together mortgage customer. All personal details anonymised. While we aim to lend within the shortest possible timescales, speed of funding varies with every case.

Overall cost for comparison

For example: A bridging loan of £251,871 repayable after 12 months on a fixed rate of 10.20% would require a single payment of the capital borrowed plus the accrued interest totalling £284,483.53 including fees.

The total amount payable would be £284,483.53 made up of the loan amount (£251,871), plus interest on the loan (£26,926.58); arrangement fee (£5,037.42); interest on these fees (£538.53); and the redemption administration fee (£110.00).

The overall cost for comparison is 12.9% APRC representative.

The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.

Check your eligibility & enquire

At Together, our flexible approach means that we can often lend where others can't. If you fit our criteria, we'll do everything we can to make it happen.

To be eligible to borrow from Together, you need to be:

Based in the UK
Aged between 18 and 85
Looking to borrow no more than £500,000 and no more than 75% of the purchase price of the property you plan to buy
Not on furlough or a secured deferred payment plan
Not at risk of redundancy

Approval is based on a credit check and an assessment of your individual circumstances.

Ready to talk?

Enquire today for a callback from a member of our friendly, expert team.

Enquire now

Or call us directly on 0330 127 7927 between 9am and 5:30pm, Monday to Friday.

Common questions about downsizing bridging loans

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.

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

We can lend you up to 75% of your property's value, so you’ll need at least 25% 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.

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).

Could I use a bridging loan to help save me on stamp duty?

Because our Bridging loans are typically quick to arrange, you could purchase your dream property before the Stamp Duty holiday extension expires – without waiting for your existing place to sell or a complete chain.

We talk in more detail about the potential savings here.

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

Reviews (5)

Customer Rating 5

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