With decades of experience in the UK market, Together is a specialist lender renowned for its common-sense approach, often helping those with non-standard properties or complex incomes where high-street banks might hesitate to get a loan.
What you need to know about this loan:
- Loan Amounts Offered: Variable based on property equity (contact for quote).
- Loan Terms (monthly): Flexible terms designed to run alongside your mortgage.
- Payment methods: Monthly instalments via Direct Debit.
- Interest rate: Competitive rates tailored to individual credit circumstances.
Pros
- Flexible credit status: They offer a secured loan with bad credit history possibilities, focusing on your current affordability.
- Income variety: Excellent loans for self employed individuals, including those with only 12 months of trading.
- Non-standard property friendly: You can obtain loan approval for homes made of timber, concrete, or high-rise flats.
- No ERC options: Available without Early Repayment Charges, making it a potentially cheap loan if settled early.
- Retirement friendly: They can lend to those who have already retired or will retire before the long term loans end.
Cons
- Property at risk: As this is a loan loan secured against your home, your property may be repossessed if you miss payments.
- Total cost: Using a debt consolidation loan over a longer term may increase the total interest you pay back.
Is Together a good bank for loans?
Choosing a secured homeowner loan from Together is often a better route than a standard mortgage loan from HSBC, especially if your property is of non-standard construction or you have a complex income.
If you are looking for a debt consolidation loan, Together provides more flexibility than Barclays, as they specialise in a secured loan that stays separate from your primary mortgage rate.
To get a loan today with credit blips, Together is a stronger contender than NatWest, as they are specifically positioned to help those needing a secured loan with bad credit history using a manual underwriting process.
Compared to a Santander unsecured personal loan, the Together homeowner loan allows you to borrow larger sums by utilising a home equity loan structure, which can be ideal for major renovations.
Finally, while Lloyds Bank may have strict criteria, Together offers a good loan rates alternative for those who need a 2nd loan mortgage to fund family deposits or motorhomes without losing their original mortgage deal.
How to Apply for Your Together Secured Homeowner Loan
If you want to get loan now and put your property equity to work, the expert team at Together is ready to help.
Their common-sense approach makes them the best place to get a loan when your circumstances are unique, so take the first step toward a pre approved loan quote today!