Your home may be repossessed if you do not keep up repayments on your mortgage.
*Subject to application, status and lending criteria. You may be offered a higher rate.
To help you understand a typical cost for a mortgage, please see the representative example below. The figures used are for illustration purposes only, your actual costs and monthly payments will vary depending on your mortgage.
For example: A mortgage of £155,000 payable over 12 months, on a fixed rate of 1% would require 11 instalments of £0.00 followed by 1 instalment of £179,353.33 plus a redemption administration fee of £100.
The total amount payable would be £179,355.33 made up of the loan amount (£155,000) plus fees (arrangement fees (£3,100), broker fees (£980) and a redemption administration fee (£100) plus interest (£20,175).
The overall cost for comparison is 15.7% APRC representative.
The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.
*The maximum loan, rate and loan-to-value ratio offered may vary based on your individual circumstances.
Pristine can often mean pricey, so it's no wonder more people are looking to buy pre-loved properties in need of a face lift. With a little hard work and renovation, the 'worst house on the street' can be polished up into a hidden gem, perfect for you and your family to start your next chapter.
If your new home is a bit of a fixer upper, a bridging loan from Together could help you finance the renovations, getting your home into move in condition quicker. Here's why:
Fast turnaround. We'll work quickly and flexibly, so you can secure your new property, get the keys and get from concept to completion quicker.
No monthly payments. You'll just pay back what you borrowed, plus any interest, in a lump sum within 12 months as soon as your old home sells or longer term finance is sorted. And, because there are no Early Repayment Charges, the sooner you can repay in full, the less it’ll cost you.
Flexible and pragmatic. We apply a common-sense approach to lending, and can often consider circumstances that some other lenders can't. Tricky incomes, less-than-perfect credit and non-standard properties will all be considered.
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 hereWe 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.
