Together launches lowest bridging rate of 0.49%

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Together has today launched its lowest ever regulated bridging rate of 0.49 per cent per month.

The limited edition product is the lowest bridging rate from Together in its 43-year history and is currently the lowest in the market at up to 50 per cent LTV.

The rate is available for loans up to £2.5m, with larger applications considered on an individual basis, and no maximum age limit.

Together personal finance chief executive Pete Ball says: “This is our best rate yet, and the current market leading rate for regulated bridging loans up to 50 per cent loan-to-value, so we’re delighted to be able to offer this to our broker partners on a limited edition basis.”

The lender will accept aales of existing properties and proceeds of probate as repayment strategies.

It will also permit a combination of sale and remortgage where customers use more than one property as security.