Together: Back of the net

Advertising Feature

Back of the net

Bridging finance to help investors achieve their goals

Kara Williams Specialist Account Manager Together

The 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. 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

“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

EPC rating requirements), it could prove more difficult to mortgage. Bridging finance could allow landlords to make refurbishments first and, once the property has increased in value, exit the bridging loan and potentially secure a mortgage deal with a lower LTV.

Landlords looking to convert a property into a higher-yielding rental opportunity – such as a HMO, student accommodation, or holiday let – could use bridging finance in a similar way. The short-term loan could let your clients buy the building quickly, sometimes securing a better price for being able to do so, and reconfigure the property so it’s suitable for tenants or holidaymakers. Again, time is often of the essence when completing these refits, especially where there are seasonal pressures (spring and summer for holiday lets, and the run-up to September for student housing).

Whatever the case may be, you’ll have easy access to our dedicated underwriting team who’ll look at every case individually, and get back to you within 24 hours with either a decision, or to request the information they need to make one. So you can get your client’s application moving in the timescales that are right for them.

For professional intermediary use only. Subject to a credit check and an assessment of your client’s individual circumstances.

Fast, flexible bridging loans

for can’t miss opportunities.

With nearly 50 years’ experience in common-sense lending, we know how to turn your bridging cases around quickly. With skilled, accessible underwriters and partnerships with trusted solicitors, you can rely on a fast, straightforward decision – however complex your case.

We’re the bridging loan experts you can trust.