Together scraps fees and cuts rates on commercial short-term range

The lender has removed exit fees for unregulated bridging loans over £50,000 and launched its lowest ever rate of 0.49% available over 12 months at 50% 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%.

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

Marc Goldberg, commercial CEO at Together, 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.”

The refreshed range is available to Together's selected partners.