Lending decisions are based on lending criteria and, where applicable, subject to credit check and an assessment of individual circumstances.
We provide the finances that your business needs quickly and easily, secured on your residential home, commercial premises or investment properties. Our loans can be used for a range of business uses including paying a tax bill, relieving cash flow issues and investing in further property.
Our loans are available to individuals and limited companies, as well as to foreign nationals, based in the UK and abroad, and British expatriates.
We can also accept automated valuations, using data from a range of existing databases to automatically calculate a value for the property that the loan will be secured against , greatly reducing the timescales and costs required.
When you take out a secured business loan, you borrow a lump sum of cash against your commercial or investment property and repay it in monthly instalments (including interest) over an agreed number of years.
It has its own rate and terms, and you'll make repayments on both this and your existing mortgage (such as a buy-to-let mortgage or commercial term).
A commercial business loan has its own rate and terms so you could borrow over a shorter period than remains on your current term, which means you may pay back less in the long term compared to remortgaging.
If you’ve already got a good existing mortgage deal or your credit has worsened since taking out your first mortgage, remortgaging to raise the funds could mean paying a higher interest rate on the whole new mortgage. Taking out a secured business loan means you would only be paying the higher rate and extra interest on the new amount you want to borrow.
If your current term has a high early repayment charge, it might be cheaper for you to take out a secured commercial loan rather than remortgaging to release equity from your property.
Our qualified advisers can talk you through the pros and cons of each option.
Businesses today come in all shapes and sizes. And anyone can run one. With decades of experience under our belts, our flexible criteria and common-sense approach to underwriting means we’re able to lend in many different circumstances. If one or more of the below apply, talk to us:
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.
Submit enquirySecured business loans are also known as secured commercial loans or second charge mortgages.
Unlike remortgaging, a secured business loan runs alongside (but completely separate to) your current term and is secured against the equity you have in your commercial or investment property. This is the difference between the value of your property and the amount you still owe on your first term.
Taking out a commercial secured loan means you can keep your existing deal – which could be particularly valuable if either interest rates have gone up or your credit rating has gone down. However, keep in mind that you’ll have two mortgages to pay off on the property instead of one, and both payments are equally as important.
Our flexible approach means we can consider lending against commercial property of a huge range of constructions, types and uses.
We’ll also consider other premises such as restaurants, takeaways, hotels, day centres, leisure facilities and farms.
All mortgages are subject to our terms and conditions.
Loans offered by Together Commercial Finance Limited are not regulated by the Financial Conduct Authority.