Rate Cuts to Enhance Affordability
In a move aimed at improving affordability for borrowers, Together has announced a reduction of 5 basis points across its unregulated bridging loan range, effective today. This adjustment comes as the UK base rate remains steady at 3.75% as of April 2026, providing a more competitive landscape for those seeking short-term financing solutions.
New Competitive Rates
With the latest changes, headline rates for first charge unregulated residential bridging loans now start at just 0.9%. For semi-commercial properties, rates begin at 1.04%, while commercial properties see a starting rate of 1.08%. Second charge products have also seen reductions, with rates starting at 1.08% for unregulated residential bridging, 1.06% for semi-commercial, and 1.10% for commercial properties.
Streamlined Application Process
Together’s unregulated bridging loans cater to a wide range of financial needs, offering loan amounts from £26,000 up to £5 million. The lender also provides dual solicitor representation on qualifying cases, which can expedite the application process. Importantly, 100% funding is available, making it easier for borrowers to secure the necessary capital without upfront costs.
This strategic move by Together reflects a commitment to being a reliable partner for brokers, investors, and landlords, ensuring they have access to clear pricing and flexible lending options. Such offerings are crucial in a market where swift access to funds can make a significant difference in property transactions.
Example Scenario
For instance, a property investor looking to purchase a semi-commercial property valued at £500,000 could now secure a bridging loan at a starting rate of 1.04%, significantly reducing their financing costs compared to previous rates.
FAQs
- What are unregulated bridging loans? Unregulated bridging loans are short-term loans that are not regulated by the Financial Conduct Authority, often used for property purchases or renovations.
- How can I apply for a bridging loan with Together? Interested borrowers can apply through brokers or directly with Together, where they will guide you through the application process.