CCR Magazine

You are here  :Home arrow News arrow Together launches lowest monthly bridging rate
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Together launches lowest monthly bridging rate PDF Print E-mail
Tuesday, 16 January 2018
Together has published its lowest ever monthly rate for short-term finance of 0.49% for the first six months, to support property investors and landlords buying at auction.  

The specialist lender has launched the new rate to help investors renovate newly-purchased residential properties both for resale or buy-to-let, including auction purchases.

Customers will be offered the new lower rate for the first six months when they take out a 12-month bridging loan of between £30,000 and £250,000, at up to 75% loan-to-value, and up to £500,000 at 70% loan-to-value, to buy a residential property of standard construction*.

Chris Baguley, commercial director at Together, said: “This is our lowest ever rate for short-term finance, and has been specifically designed to help customers make the most of their residential property purchases.

“The initial lower rate will cut customers’ monthly payments for the first six months of the loan term. This will improve cash flow and free up their money for renovations, before resale or letting to tenants. We anticipate it will be popular with a range of customers including auction buyers, buy-to-let investors and portfolio landlords.”

As a specialist in auction finance, Together can help with quick funding decisions over the phone or online. The lender also has representatives at more than 300 auctions a year, across mainland UK, and the new low rate will appeal to those buyers that are intending to renovate and re-sell, or ‘flip’ their properties.

The low rate will also support landlords in the buy-to-let market, which has remained resilient despite tax and regulatory changes. The latest figures revealed that sales in November increased by 10.8% or £334.1 million, as the trend continues for landlords and investors to adjust their portfolios to take the new rules into account.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197