Together Secured Loans Review Updated For 2023
Discover whether Together secured loans rates are right for you. We offer 1000’s of secured finance products & high acceptance rates!
- Special “broker-only lenders” not featured on the comparison sites with great terms
- Smart lending technology & zero upfront fees new for 2023
- Great for clearing other loans/credit cards/existing car credit
- High loan-to-value (LTV) with some lenders
- Homeowners could borrow from £10k – £650k
- One of the largest lending panels in the UK
- Quick & Easy Second Charge Mortgage Loans – Pre-approval Without Credit Checking
- Sympathetic To Past Credit Issues: We Have Lenders That Accept Virtually All Types Of Credit.Prime, Light, & Heavy Adverse All Considered.
Pre-Decision In Principle Application Form:
Together Money for Bad Credit Secured Loans. Also Catering For Prime Credit Clients
Together Money is always a welcome surprise to the homeowner looking for a secured loan with bad credit. They are in the specialist lender category with tailored products and offerings ranging from subprime mortgages for high rise flats financed under rent to buy schemes, which, for the most part, high street lenders don’t want to touch.
When you’re in a corner, Together Money is there, working with you and your broker to find a solution that’ll work for the long term.
Products and Services Offered by Together Money:
- Standard Mortgage Products
- Remortgage Solutions
- Bespoke Products for Right-to-Buy Customers
- Poor credit second mortgages and homeowner loans with a direct lender are considered
- They do Cater to Mortgages for the Self-Employed
- Shared Ownership Customers also welcome
- Build your own? Being specialists, there are even non-standard construction mortgages
- First-Time Buyers Welcome
Standout Services For Secured Loans
The Consumer Buy to Let (CBTL) mortgage is a multi-purpose finance option that can even be used for property improvements or as finance for a renovation project. That is something many lenders won’t do.
The only thing you can’t do with a CBTL mortgage through Together Money is buy a property. You can only borrow via a secured loan on an existing BTL mortgage, regardless of what lender the original finance is with, because the property’s used to raise finance through a 2nd charge secured loan.
This light approach to lending comes in handy with properties bought at auction that need renovating. Where other lenders run a mile, Together Money welcomes the challenge, meet it head-on and works with you to arrange finance on a wide variety of property types.
Those include high-rise flats (above six storeys high), both steel and timber-framed builds, and even defective properties that can’t be sold until it can function as a home, such as having a kitchen and bathroom fitted or repaired to have running water and a flushing toilet.
Main Area Of Speciality
Non-standard financing for Non-standard properties…
Where Together Money knows their stuff is the non-standard area of the property market. Any lender can make an offer based on a valuation report, run through a range of fees, costs, expenses, and give you a decent LTV (loan-to-value ratio) and a hint at whether they could approve or not.
With Together Money – if you have non-standard circumstances and need a secured loan for a non-standard property, this is one of your top-tier speciality lenders to consider.
They offer secured loans for personal finance and with multi-purpose spending in mind, meaning you can do what you like with the cash you raise. They only care that you repay it, and they are risk-tolerant in many cases. They are also flexible with proofs of income, so if you’re self-employed, they’ll accept (among other types) wage slips from part-time work, p60, bank statements, pension statements and rental income from BTL.
Terms are offered to vary from 3-years to 30-years and can be standard rates, fixed rates or variable rates. The pricing structures are clear and there are flexible interest rates to suit most budgets.
An Example of the Cost of Borrowing with Together Money:
Remember that the interest rate you’re offered will depend on your risk category and that of your property. However, they’re typically around 6.65% on a variable rate. Together secured loans have an excellent rate of acceptance.
The overall cost for comparison given is:
“£70,000 payable over 10 years on our variable rate for the loan term of 10 years at our current rate of 6.65% (variable) would require 120 monthly payments of £860.20 plus a redemption administration fee of £150.00” (Source: Together Money).
Overall Closing Thoughts On Together Money Loans
Given that you can overpay without penalty, Together Money may be the right specialist lender to finance whatever you have in mind, regardless of what’s on your credit file.
Adverse credit applicants are considered, and the lender is risk-tolerant and flexible to a lot of non-standard cases.
Together Money is only one of many specialist lenders. Find out if they would suit your particular needs and if they would be your best choice. Our brokers can compare Together Money with other leading specialist lenders to find the best deal with the lowest fees and on flexible terms.
Are you considering personal loans for 25000 with low interest payments?
The key issues with a loan 25000 are the score from the credit check, the impact of mortgage arrears, the disappointing home valuation and the insufficient personal income.
Are you able to borrow to get a interest only second mortgage without early repayment fees?
The key features of 2nd mortgage rates are early repayment charges, the impact of defaults, delays in the property valuation and insufficient personal income.
Are you searching for fixed rate secured loans with a low fixed interest rate?
The key characteristics of fixed rate second mortgages are long loan term, the effect of defaults, the disappointing home valuation and the evidence of a fraudulent application.
Are you able to borrow for a second mortgage with no phone calls to pay off credit cards?
The key features of homeowner loans no phone calls are bad credit intolerance, the impact of credit card payment arrears, the delays in the lender’s valuation and the evidence of gambling on bank statements.
Considering a fast homeowner loan for bad credit regardless of your credit status?
The key issues with a homeowner loan for bad credit are bad credit intolerance, the effect of CCJs, the disappointing home valuation and the evidence of a fraudulent application.
Are you considering secured loans poor credit regardless of your credit records?
The key characteristics of a secured loan for poor credit is subprime credit intolerance, the effect of default notices, the delays in the lenders valuation and the borrower not being on the electoral register.