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Together launches market-leading bridging rate

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  • 23/06/2017
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Together launches market-leading bridging rate
Specialist lender Together has launched its lowest ever regulated bridging rate at 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 up to 50% loan-to-value, confirmed by Business Moneyfacts.

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 (pictured), personal finance CEO at Together, said: “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 lent £626.4m of bridging finance in 2016.

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