Together Loans has cut rates on selected bridging products by up to 0.15 per cent, doubled its loan sizes and increased maximum loan-to-values (LTVs) to provide more flexibility to borrowers.
The rates on its short-term loans for residential investment at 50 and 60 per cent LTV have been cut by 0.1 per cent to 0.55 per cent and 0.65 per cent respectively.
Rates for its unregulated bridging loans for commercial property at 60 and 70 per cent LTV had their rates cut from 1 per cent to 0.85 per cent and 0.9 percent.
The lender increased its maximum LTVs by 5 per cent to 70 per cent for purchases and by 15 per cent to 65 per cent for refinancing.
Loan sizes for its unregulated bridging range have also been doubled to £1 million.
Together’s commercial CEO Marc Goldberg (pictured) said: “Despite the challenges of the pandemic, the property market has performed well, meaning the bridging finance industry has remained strong. We expect this positivity to continue as restrictions have been fully lifted. That’s why we’re introducing these latest changes to provide more options for borrowers.
“As one of the UK’s leading bridging lenders, we’ve become renowned for providing fast finance with ease and flexibility, and we believe these latest changes will give us even more of an edge in what is a very competitive bridging market, providing even more positive outcomes for our customers and intermediaries’ clients.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.