Your home may be repossessed if you do not keep up repayments on your mortgage.
*Subject to application, status and lending criteria. The maximum loan, rate and loan-to-value ratio offered may vary based on your individual circumstances. You may be offered a higher rate.
For example: A mortgage of £177,000 payable over 12 months, on a fixed rate of 1% would require 11 instalments of £0.00 followed by 1 instalment of £203,503.43 plus a redemption administration fee of £100.
The total amount payable would be £203,503.43 made up of the loan amount (£177,000) plus fees (arrangement fees (£3,400), broker fees (£1046) and a redemption administration fee (£100) plus interest (£21,817.43).
The overall cost for comparison is 15.0% APRC representative.
The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.
Are you looking to rescue your dream move after a chain break, or stuck waiting on a better offer? Do you need funds to get your current house into shape before selling, or looking to make a large cash purchase like a houseboat or motorhome?
Our regulated bridging loans can give you quick access to the personal finance you need to move forward, whatever your property goal.
With a regulated bridging loan from Together, just pay back what you've borrowed (plus any interest and fees) in one lump sum, at any time within 12 months. There's no early repayment fees (ERC), so the earlier you pay back your loan, the less it will cost you overall.
And, because we believe in common-sense lending, we can often help when other lenders can't. From irregular income, less-than-perfect credit or non-standard property; we'll look at the individual behind the application and see how we can help.
Read everything you need to know to make bridging finance work for you in our Blog.
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
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.
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.
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.
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).
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.
When the chain collapsed in a couple’s complex house sale, we stepped in to help them bridge the gap and secure their downsized dream home.
A married couple wanted to downsize from their home of 31 years, a four-bedroom farmhouse and equestrian centre in Macclesfield Forest, to a new build property in nearby Congleton. Competition for the £1m property was fierce and a sale was agreed, but a legal issue at the bottom of the chain meant the sale fell through three days before it was due to complete. Luckily, the developer selling their new home agreed to an extension on completion, but the couple needed to find a short-term plan to fund the purchase while they waited for another buyer.
We worked with the couple to provide a short-term bridging loan to secure the purchase of their new build home while they waited for the sale of their old come to complete. The couple were able to pay back the loan within the allotted 12 months, using proceeds from the sale of the farmhouse.
