Mark and Amy had found their ‘forever home’ and they’d had their mortgage approved with a major bank. However, despite them both being professionals with good salaries and perfect credit histories, the bank ultimately went back on their decision when they realised that both Mark and Amy had been self-employed for just over 12 months.
With just a few weeks until they needed to complete on their dream home, the couple needed a lender that could help them and move fast. So they spoke to Together, and we funded the deal in just 8 working days. Ready to see how we could help you?
Figures and details from a real Together mortgage customer. All personal information anonymised. While we aim to lend within the shortest possible timescales, speed of funding varies with every case.
Amount sought
Desired term
Time from application to funding
Do you want to quickly understand the potential cost of your mortgage?
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.
Calculate costsIt typically takes several weeks to arrange a mortgage.
As a responsible lender, we're duty bound to ensure you can afford the loan you're applying for. So we may take longer to underwrite your case, or request more documentation.
The rate you're offered may be influenced by several factors, including:
When you apply for a mortgage, you’ll need to go through our application process and provide certain documents so we can get a clear picture of your circumstances and what you can afford to borrow.
To help you prepare any documents required we've pulled together a mortgage application checklist so you can move quickly and smoothly when the time comes.
Mortgage application checklistWe charge a Lenders Arrangement Fee, and we charge a Redemption Administration Fee when you 'redeem' (i.e. full repay) your mortgage, to cover costs associated with closing your account and dispensing our legal claim to your property.
These fees can vary, so we'll ensure that the fees that apply to your particular mortgage are clearly explained before you sign on the dotted line.
Other fees and charges may be applied to your account during the life of your loan, in relation to the management of your account (for instance, if you fall behind on your monthly payments). These are all explained in our Tariff of Charges.
For example: A mortgage of £135,510 payable over 22 years, initially on a fixed rate for 5 years at 9.55% (and then on a tracker rate for the remaining 17 years at 1.8% above the Together Homeowner Managed Rate (THMR)) would require 60 instalments of £1,243.76 followed by 204 monthly payments of £1,323.16 plus a redemption administration fee of £110.00. Read more information on THMR.
The total amount payable would be £344,660.24 made up of the loan amount (£135,510) plus interest on the loan (£205,566.73), arrangement fee (£1,495) plus interest on this fee (£2088.51) and the redemption administration fee (£110.00).
The overall cost for comparison is 10.7% APRC representative.
The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.
