View more on these topics

Together brings in two-minute bridging applications


Together has cut its bridging application process time from thirty minutes to two.

The lender says brokers could generate a quote in sixty seconds and an offer in two minutes using the lender’s online portal, My Broker Venue.

The firm has increased the maximum loan size on its regulated bridging products, taking it from £1m to £2.5m for all plans, up to a maximum loan-to-value of 50 per cent.

Together has also cut rates, with semi-commercial and commercial rates starting from 0.95 per cent and 1 per cent per month respectively.

Residential rates will start from 0.65 per cent and refinance rates will start from 0.75 per cent.

Bridging products will now be tiered by loan purpose, amount and loan-to-value.

For auction property purchases there will be no lender legal fees and a free valuation scheme available on loans up to £500,000.

Together commercial chief executive Marc Goldberg says: “Following feedback from our broker partners, we’ve taken steps to enhance both our products and our processes in relation to our bridging finance offering.

“We’re confident that the new streamlined process, combined with our low rates, will help us to assist brokers with even more bridging applications and to deliver the short-term finance customers are looking for.”


Chris Fairfax

Bridging Watch: Time is right for higher LTVs

Offering short-term deals at a higher loan-to-value could mean excellent business so long as it is applied responsibly It is often said that time is the most precious commodity in life. When I think about the reasons why bridging finance has proved increasingly popular, it all boils down to time. Borrowers are buying more time. […]

Bridging is no longer a dirty word

It’s not that long ago that short-term finance, or, perhaps more specifically, bridging finance were viewed as dirty words by mortgage brokers. The rates on offer were punishing, meaning there were only a handful of situations where it would be appropriate to arrange one. Some lenders didn’t exactly uphold great reputations for service standards either; […]

What the huge rebound in sterling means for the UK's inflation outlook

The world’s strongest currency in November was not the US dollar, despite the greenback rallying 3.5% against the euro, 8.7% against the Japanese yen and over 8.6% versus the Mexican peso and the Turkish lira up to yesterday’s close. The strongest currency last month was sterling, which had strengthened 2.2% versus even the mighty US […]

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]


News and expert analysis straight to your inbox

Sign up

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now