Below is an update from Together, the Bridging and Commercial Mortgage lender, that you can access via our bridging and commercial mortgage team. Contact our team today for more information or click here to view their product cards.
Announcement
CBTL temporary withdrawal
I’m writing to let you know that, further to last weeks product update, we have temporarily withdrawn the exclusive first charge CBTL product from the range.
This is whilst a product redesign takes place and only affects new business. Please note you have until the end of June to submit exclusive CBTL cases in the pipeline and cases already submitted are unaffected.
Together Commercial Rate Change
Due to the continuing changes across the current economic environment and the recent Bank of England interest rate rises, we’re having to make some changes to some of our Commercial Finance rates whilst still remaining competitive in our markets.
All CF bridge applications quoted on or before Friday 17th July will need to fund by Friday 29th July.
Any cases that fund after this date will need to be quoted on the new rates.
If a case is requoted at any stage during the application, these will update to reflect the new rates from 17th June.
All CF bridge applications quoted on or before Friday 17th June will need to fund by Friday 29th July.
Another completion date to be aware of:
Thursday 14th July – for all term cases on the old rates (following the increase which took place on Wednesday 13th May).
Please visit the below link to view the updated product guide: