You are here: Home - News -

Together launches its lowest ever second charge loan   

  • 12/10/2018
  • 0
Together launches its lowest ever second charge loan   
Together has cut rates on second charge loans, as competition in the market heats up.


The specialist lender is targeting borrowers holding a good credit history, with rates from 5.34% at 70% loan-to-value (LTV).

Loans of between £25,000 and £1million to a maximum LTV of 77.5% are available.

It comes as One Savings Bank’s second charge arm Prestige yesterday also cut second charge loans.

Together’s products are available through its specialist distributor partners and can be used for a range of properties, including apartments on the sixth floor or above, for example.

Self-employed customers, freelancers and contractors, those on zero-hour contracts, retired people, and those on benefits, as well as those in full-time employment, may also fit the lender’s criteria, subject to an affordability assessment.

Richard Tugwell, group intermediary relationship director said: “The second charge market has evolved over the past few years to bring it more in line with first charge mortgages, and making secured loan products attractive to borrowers.

“We are finding that people with good credit histories are looking for second charge loans and we’re delighted to launch this new, limited edition product in response to their needs.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in


Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.


Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
Mortgage lenders warn against ‘cliff edge’ 2021 end to Help to Buy scheme

The Intermediary Mortgage Lenders Association (IMLA), is pushing for clarity on the future of the Help to Buy scheme, credited...