Together introduces ‘consent to follow’ for second charge lending

From today Together has changed its underwriting processes, allowing the lender to issue a conditional mortgage offer when consent from the first charge lender is the only outstanding item.

This is designed to speed up the application processes for brokers and their clients.

Tanya Elmaz, Director of Intermediary Sales at Together, said:

“We’re known among our intermediary partners for providing quick lending decisions and delivering the funds for brokers’ clients to realise their property ambitions.

“The associated delays in obtaining consent from first charge lenders have been a major bugbear across the industry. Feedback from our valued master brokers highlighted that being able to receive an offer before receiving consent is attractive, as it means the customer has a better understanding of the outcome of their application earlier in the process.

“We expect our latest consent to follow change will deliver a more flexible underwriting process and further enhance Together’s reputation among intermediary partners as a lender which provides fast and flexible finance when it’s needed.”

“This change will give clients peace of mind knowing that they have an offer for a second charge loan to quickly consolidate debt or complete a refurbishment project."