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Together launches buy-to-let mortgages through networks and clubs

  • 25/09/2018
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Together launches buy-to-let mortgages through networks and clubs
Together has opened up its buy-to-let mortgage range to broker networks and clubs for the first time and refreshed its unregulated short-term loan range by removing fees and lowering rates.


The lender has previously signed partnerships with some networks and clubs across the UK, offering its first charge mortgage products through these channels.

Broker members will now be able to access buy-to-let mortgages, remortgages and secured loans for clients who may be investors with large portfolios, as well as accidental landlords, who may have been unable to get funding from mainstream banks.

The group’s products also include finance for holiday lets, Houses of Multiple Occupancy (HMOs) and semi-commercial property.

Richard Tugwell, group intermediary relationship director at Together, said: “There are all kinds of clients looking to finance their investments, from landlords who may have inherited a property, or moved in with a partner and want to rent out their home, to large scale, professional portfolio landlords.

“In every case, we consider each application on its merits, taking into account the customer’s individual circumstances to find the right type of finance to suit their needs.”


Removing exit fees for unregulated bridging loans

The specialist lender has removed exit fees for unregulated bridging loans over £50,000, while making its lowest ever rate of 0.49% available over 12 months at 50% Loan to Value (LTV).

It has also cut the cost of borrowing across its new tiered pricing structure with rates beginning at 0.59% for short-term loans at 55% LTV, 0.64% at 60%, 0.74% at 70% and 0.84% at 75%.

The updated products will be made available to residential property investors and landlords in England, Wales and Scotland, with loans of up to £2m.

Marc Goldberg, commercial CEO at Together (pictured), said: “We are rightly recognised as a market leader in the bridging finance sector, and have won many industry awards because of our experience and knowledge of the market.

“In the past few years a number of new lenders have started operating in the bridging sector and, while we welcome this competition, we want to ensure we keep at the forefront of this very competitive market by providing some of the best short-term products available for residential purchases.

“We believe our latest product refresh will mean we will lead us helping even more customers to get the best outcomes from their property investments.”

Meanwhile, investors purchasing at auction can get a free Decision in Principle (DIP) so they will be able to find out exactly what they can afford to borrow, with a quote online over the phone or in the auction room before they bid.

Goldberg said that the team is excited to be able to offer this new service direct to customers and through its auction partners to support landlords and investors.

He added: “It’s free and takes less than five minutes to complete, without affecting a customer’s credit profile.”

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