Lending decisions are based on lending criteria and, where applicable, subject to credit check and an assessment of individual circumstances.
*Subject to application, status and lending criteria. You may be offered a higher rate.
When an opportunity won't wait, and you don't have the funds required at hand, our residential bridging loans allow you to move quickly.
Our common sense lending means that we can be flexible when it comes to your income and credit status. Additionally, you can get a bridging loan for a range of residential properties, including non-standard properties - from those missing a kitchen or bathroom, all the way up to listed buildings.
Repayable over 12 months with no early repayment charges (ERC) included, our bridging loans provide short term cover while you wait for longer term financing to be arranged or the property to be sold. All bridging loans are interest only, allowing you to keep your monthly costs down and repaying in full once further finance has been finalised.
We accept applications from foreign nationals, based in the UK and abroad, and British expatriates.
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James was looking to expand his buy-to-let portfolio with a prestigious six-bedroom home in a UK holiday resort. However the deal hit choppy waters the day before the completion deadline when solicitors demanded additional information – potentially scuppering the purchase and leaving James with a £3million cost.
Fortunately Together were able to step in. James contacted Together at 11:15am and we were able to fund the £3million deal within four hours – an incredibly quick completion and a great result for James.
Figures and details from a real Together bridging loan customer. All personal information anonymised. While we aim to lend within the shortest possible timescales, speed of funding varies with every case.
Amount sought
Time to fund
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.
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When you see the opportunity to invest in a great residential property, bridging loans can be a great way to get the short, sharp cash injection you need to get moving forward.
Never miss out - Bridging finance allows you to act as a cash buyer. So, if the vendor needs to make a quick sale, you can capitalise on the opportunity to buy at speed.
Improve and repair - Whether you're looking to sell or rent out, a bridging loan can give you the cash to refurbish the property, or add conversions, extensions or other improvements. You can even use a second charge bridging loan, secured on a property with an existing mortgage, to raise the funds without needing to remortgage.
Finance your future purchases - Raise a deposit for a new property to add to your portfolio with a second charge bridging loan to release some of the equity built up in an existing property.
At the end of your term, usually after a maximum of 12 months, you could then choose to refinance onto a Buy to Let secured loan or repay the loan (and any interest and fees) in one lump sum with the proceeds of a sale.
A residential bridge is a short term loan used to fund a residential property which you won’t be living in, such as a rented home that you’ve bought as an investment property.
The short term loan is typically taken out over a 12 month period, although this can vary depending on your needs. Money from the residential bridge loan can be used for buying and/or doing up your new property. Depending on your repayment type, you may not be required to make monthly payments during the term of the loan. We can look to deduct the monthly payments you are due to make from the loan in advance.
If you are due to repay your loan at the end, you’ll need to plan for how to pay off the lump sum at the end of the agreed period. This is known as an ‘exit strategy’ and can involve arranging longer term buy-to-let finance or selling the property for a profit.
From filling out the application to seeing the money land in your bank, the process typically takes 3-4 weeks. However this will depend on your circumstances and the type of valuation needed, meaning it could take longer than this.
All mortgages are subject to our terms and conditions.
Loans offered by Together Commercial Finance Limited are not regulated by the Financial Conduct Authority.