Together sometimes refer to themselves as one of Manchester’s best kept secrets. Given that they have grown to become one of the nation’s largest specialist lenders it’s not hard to see why.
Together have grown to become one of the nation’s largest specialist lenders. Founded in 1974, monthly loan completions have risen from £1000.00 to an impressive £170 million! They offer a diverse range of products including residential, buy-to-let and commercial mortgages, secured loans, auction finance and of course bridging loans. Lending to both individuals and businesses they apply a pragmatic common-sense approach and look for ways to do a deal rather than for reasons to turn them down!
Clients of Together include the self-employed, those that work several jobs and some who are turning hobbies into an income to help make ends meet. Some clients have a less than perfect credit record whilst others live in properties that are hard to mortgage. Getting to know the person or business behind the application enables Together to think outside the ‘tick-box’ and allows underwriters, not computers, to make a final decision. In today’s difficult times this personalised approach is more relevant than ever.
Together work with home buyers, business owners, downsizers, and doer-uppers. They also work with property developers, investors, and landlords. To ensure the very best service levels they also look to work with the best mortgage brokers and auction houses as well as leading solicitors, accountants, and architects. They learned long ago that to offer the best service you have to work with the best partners. With specific regard to short-term bridging loans Together lend for a wide variety of purposes including commercial loans, refurbishments, capital raising, development funding, chain break finance and much more besides.
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A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Bridging loans can be used for a wide variety of purposes. Perhaps the most common purpose is to allow you to buy a new home or business premises before you have sold your existing property. They can also be used by investors to buy property at auction, landlords to acquire buy-to-lets, developers to acquire and renovate properties and businesses to raise working capital. There are a myriad of different uses and Bridging.com can help to find the best loan for you.
Loans generally range from £10,000 to £50M with smaller or larger amounts provided on an exceptional basis. The value and equity within the property or properties you are securing against will determine how much you can borrow. The maximum loan to value (LTV) currently offered by most lenders ranges between 65-80%
In general most bridging loans will fall between 0.5% and 1.5% per month although occasionally they can be either slightly cheaper or slightly more expensive. Each loan is priced on risk with particular attention paid to the property, its location and the strength of your exit strategy.
Bridging.com can help you secure a bridging loan tailored to your own unique circumstances in a matter of days. We can guide you through the entire process from initial enquiry to funds being released in the shortest possible timeframe.