Together Money Bridging Loans for Business
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Product snapshot: Together Money Bridging Loans at a glance
Together Money Bridging Loans
Property finance
Together has been active in the UK specialist lending market for decades, and its bridging loans remain one of the better-known options for businesses that need to move quickly on a property opportunity. Whether a company is buying a commercial unit at auction, refinancing before a longer-term facility is ready, or funding a refurbishment project, bridging finance can provide the short-term capital needed to keep things moving. Together's offering sits in the unregulated bridging space for business purposes, which gives it flexibility but also means it sits outside the consumer protection framework that applies to residential owner-occupier bridging.
Business bridging loans are not designed to be held for years. They are short-term facilities, often arranged over 3 to 18 months, with interest usually rolled into the loan rather than paid monthly. Together funds deals secured against commercial property, land, or residential investment property, and it has a reputation for taking a more case-by-case view than some high-street banks. This review walks through how the facility works, where it may be useful, and what any business owner should weigh up before applying.
Understanding Together's Bridging Finance Approach
Together positions itself as a specialist lender, not a high-street bank, and that distinction matters when it comes to bridging finance. The business bridging loans offered by Together are designed for commercial and investment purposes rather than regulated residential scenarios. This means the lender can look at deals that a mainstream bank might reject outright, whether because of unusual property types, tight timelines, or complex ownership structures.
The facility is secured against property or land, with Together taking a first or sometimes second charge over the asset. Loan amounts can stretch into the millions, though the exact ceiling depends on the security value, the borrower profile, and the exit strategy. Funding can be arranged for acquisitions, refinances, refurbishment, development, or simply unlocking working capital tied up in property ownership.
How a Commercial Bridging Loan Is Structured
A bridging loan from Together is typically set up with the full interest cost rolled up and paid at the end of the term, which helps preserve cash flow during the loan period. This means the borrower does not need to make monthly interest payments; the total cost is deducted from the loan proceeds on exit, whether that exit comes from a sale, a refinance, or another repayment source.
The term can range from a few months to around 18 months, though extensions may be possible in some cases. Together will want to see a clear and credible exit strategy before committing: this is not an open-ended facility. Borrowers need to demonstrate how and when the loan will be repaid, and the lender will test whether that exit looks realistic given the property type, market conditions, and the borrower's track record.
Speed is a core feature. Together can often turn around decisions and release funds more quickly than a traditional commercial mortgage lender, which is why bridging loans are frequently used for auction purchases where completion deadlines are tight, often at 28 days.
Quick answers: Together Money Bridging Loans
Quick answers
Where Business Bridging Finance Tends to Fit
This type of funding is not for every business. It tends to work best for companies, investors, and directors who own or are buying property and need short-term capital to bridge a gap. Common scenarios include:
- Purchasing a commercial property at auction where completion is required within 28 days.
- Refinancing an existing property while waiting for a longer-term mortgage or sale to complete.
- Funding light or heavy refurbishment before exiting through sale or refinance.
- Releasing equity from a property to fund business expansion, tax bills, or working capital needs.
- Breaking a property chain where a delayed sale threatens a purchase.
Together's bridging loans can cover commercial buildings, retail units, industrial premises, offices, land with planning permission, and residential investment properties. Owner-occupied residential bridging sits outside this product and falls under regulated lending, which is a separate category.
What Makes This Lender Stand Out
Together brings a few distinct characteristics that separate it from both mainstream lenders and smaller bridging specialists. The lender has its own balance sheet and funding lines, which means it does not rely on a panel of third-party funders. This can translate into faster, more consistent decision-making and fewer last-minute surprises caused by funder appetite changing behind the scenes.
Case-by-case underwriting is another feature worth noting. Together does not operate a rigid credit-scoring model that automatically declines deals that tick the wrong box. Underwriters are given room to assess the whole story behind a proposal: the property, the borrower, the exit, and the rationale. That flexibility can make a real difference for businesses with unusual income patterns, complex group structures, or properties that do not fit a standard mould.
The lender has also built a broad appetite across property types and geographies across England, Wales, and Scotland. Some bridging lenders are selective about regional exposure or property category; Together tends to be more open, which can help borrowers in secondary locations or with mixed-use assets.
Costs, Risks and Points to Check
Bridging finance is more expensive than a standard commercial mortgage, and that applies to Together as much as any other lender in this space. Interest rates are higher because the facility is short-term, fast to arrange, and often taken on by borrowers with more complex circumstances. Monthly interest rates are quoted rather than annual rates, which can make the headline look deceptively low. A rate of 0.55% to 1.5% per month equates to 6.6% to 18% annually, and when fees are added, the total cost can climb further.
Arrangement fees, valuation fees, legal costs, and exit fees all need to be factored into the calculation. Together charges an arrangement fee that is usually a percentage of the loan amount, and there may also be a redemption administration fee. Borrowers should ask for a full cost breakdown, not just the monthly interest rate, before comparing offers.
The biggest risk with any bridging loan is a failed exit. If the property does not sell, refinance does not complete, or refurbishment runs over budget and over time, the borrower can be left holding an expensive loan with no clear way out. Together will want to see a well-evidenced exit strategy, but market conditions can shift. Anyone considering this facility should stress-test their exit and have a fallback plan, no matter how confident they feel.
Also worth checking is whether the loan includes a minimum interest period, sometimes called an interest floor. This means that even if the borrower repays early, they may still pay a minimum amount of interest, which reduces the benefit of a fast exit.
How Bridging Loans Compare With Longer-Term Funding
Bridging loans occupy a specific niche and are not a substitute for a conventional commercial mortgage. A business that needs property finance for five or ten years will almost always be better served by a term loan or commercial mortgage, where rates are lower and the repayment schedule is more predictable. Bridging works best as a short-term tool, not a long-term solution.
Compared with development finance, bridging sits at the lighter end of property funding. Development finance is designed for ground-up builds, major conversions, and large-scale projects with staged drawdowns, whereas bridging is more suited to acquisitions, refinances, and lighter refurbishment where the property already exists and the exit is clearer.
For businesses that do not own property, bridging is largely irrelevant. Unsecured business loans, asset finance, invoice finance, or revolving credit facilities would be more appropriate starting points. The key distinction is security: bridging requires a property asset to lend against, and without that, the facility cannot be structured.
Is This the Right Facility for Your Situation?
Together's business bridging loans can be an effective short-term funding tool for companies and investors that have a clear property-backed exit and need capital at speed. The lender's case-by-case approach, in-house funding, and broad property appetite mean it can handle deals that might struggle to find a home elsewhere. Borrowers who value speed, flexibility, and a lender that will look beyond a credit score will find the proposition worth exploring.
That said, bridging finance is not cheap, and the risks of a failed exit should not be underestimated. Businesses that do not have a property asset to secure against, or that need long-term funding, should look elsewhere. Commercial mortgages, unsecured business loans, or asset-based lending will serve them better. The right borrower for this product knows their exit, has tested it carefully, and treats the bridging loan as a short bridge to a defined destination, not an indefinite source of capital.
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