Together launches lowest ever regulated bridging rate
Specialist lender Together has today launched its lowest ever regulated bridging rate at just 0.49% per month.
The limited edition product is the lowest published bridging rate from Together in its 43 year history and is currently the lowest in the market at up to 50% loan-to-value.
The rate is available for loans up to £2.5m, with larger applications considered on an individual basis, and no maximum age limit.
Pete Ball, personal finance CEO at Together said:
“This is our best rate yet, and the current market leading rate for regulated bridging loans up to 50% loan-to-value, so we’re delighted to be able to offer this to our broker partners on a limited edition basis.
“This new rate, coupled with our common sense approach to lending, offers customers a cost effective short-term finance option that can be used in a wide variety of circumstances; whether that’s buying a property, raising capital, or repairing a broken chain.”
Sales of existing properties and proceeds of probate are accepted as repayment strategies, as well as a combination of sale and remortgage where customers use more than one property as security.
Together has enjoyed growth across all of its products in recent years and has become firmly established within the industry as a leading provider of bridging finance, lending a total of £626.4m of bridging finance in 2016.