Together has launched a new range of commercial and semi-commercial products.
The suite includes new products with commercial term second charge, semi-commercial term second charge and commercial second charge.
The commercial and semi-commercial second term products are available at loan-to-value (LTV) up to 65%, with loan sizes up to £1 million.
The commercial second bridging levy and the semi-commercial second bridging levy offer a short-term solution for people with an existing mortgage, with terms of 12 months and an LTV of up to 65%.
The new products support customers looking to release capital from commercial or mixed-use properties, especially where their existing initial repayment rate is favorable or early repayment charges would otherwise apply.
Together director of intermediate sales Tanya Elmaz says: “We are always looking at how we can improve our products to meet market demand, and these latest launches offer brokers and their clients even more choice.”
“Many commercial or semi-commercial property owners are looking for ways to raise capital without refinancing their primary loan, and second payment solutions are becoming increasingly valuable in achieving this.”