The time it takes to apply for a bridging loan with Together has been slashed from around 30 minutes to just two after the specialist lender overhauled its bridging application process for brokers, while it has also enhanced its product range.
The new simplified application process has been designed to enable intermediaries to provide investors with a quote for a bridging loan – short-term secured loan designed to bridge a temporary cash shortfall when acquiring a property – in a matter of a couple of minutes, using the lender’s online portal, My Broker Venue.
Rates have also been reduced, with semi-commercial and commercial rates starting from 0.95% and 1% per month respectively. Residential rates will start from 0.65% and refinance rates will start from 0.75%.
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