Special Feature
Advertising Feature
Back of the net Bridging finance to help investors achieve their goals Kara Williams Specialist Account Manager Together
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he need for fast, flexible finance is becoming increasingly evident, particularly as the property market becomes ever more competitive. That’s where bridging finance comes in, especially as it can be the solution when a buy-to-let mortgage isn’t suitable. At Together, we’ve been providing short-term finance for nearly five decades, and use underwriters – not tick boxes – to make common-sense lending decisions in short timescales. We have teams who are dedicated to both regulated and unregulated cases which enables us to underwrite hundreds of bridging loans every month. It’s how we’ve helped many entrepreneurial landlords take their first step as an investor or build property empires worth millions. Often the best opportunities have the tightest deadlines and yet it can take weeks or even months to secure a buy-to-let mortgage. If your clients have an opportunity that won’t stick around, perhaps a property being sold at auction for an attractive price, a bridging loan could allow them to act quickly – sometimes in a matter of days. What’s more, your clients could secure the bridging loan against a number of their existing properties, meaning they could borrow more and potentially expand their portfolio more than one asset at a time. Even the largest loans we underwrite benefit from the same speed and service as any other. And that’s down to our many years of experience as a team and as a business, as well as our strong network of trusted valuers and solicitors who can action things quickly. 40 | NACFB
Once those properties have been acquired and let out, it could prove easier for your clients to secure a mortgage and they’ll be able to use 100% of the rental income to demonstrate affordability, rather than risk relying on predicted income. Bridging finance could also support landlords carrying out renovations to a new or existing buy-to-let property including bringing the property up-to-date, or making energy efficiency improvements to comply with new EPC rating regulations which are due to come into effect from April 2025. Investors are often keen to complete the works as soon as possible – time the property isn’t being let out equates to a potential loss in income – and a fast, short-term finance solution could let them get started right away. Furthermore, if your clients are purchasing a property that’s uninhabitable (whether it’s in poor condition or fails the minimum
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If your clients have an opportunity that won’t stick around, perhaps a property being sold at auction for an attractive price, a bridging loan could allow them to act quickly – sometimes in a matter of days
