Together launches lowest ever regulated bridging rate at 0.49%

Together says the limited edition product is currently the lowest in the market at up to 50% LTV.

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

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.

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

“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.”