Together launches ‘consent to follow’ for second charge lending


Tanya Elmaz Together

Property lender Together will issue conditional offers on second charge regulated loans with consent to follow.

From May 24th, Together has changed its flexible underwriting processes, allowing the lender to issue a conditional mortgage offer when consent from the first charge lender is the only outstanding item.

This is designed to speed up the application processes for brokers and their clients, giving them greater certainty earlier in the application process.

Tanya Elmaz, Director of Intermediary Sales at Together, said:

“We’re known among our intermediary partners for providing quick lending decisions and delivering the funds for brokers’ clients to realise their property ambitions.

The associated delays in obtaining consent from first charge lenders have been a major bugbear across the industry.

Feedback from our valued master brokers highlighted that being able to receive an offer before receiving consent is attractive, as it means the customer has a better understanding of the outcome of their application earlier in the process.

We expect our latest consent to follow change will deliver a more flexible underwriting process and further enhance Together’s reputation among intermediary partners as a lender which provides fast and flexible finance when it’s needed.”

Tanya added:

“This change will give clients peace of mind knowing that they have an offer for a second charge loan to quickly consolidate debt or complete a refurbishment project

Additionally, Together has announced an increase in some of its commercial loan sizes.

It has raised the maximum loan on commercial mortgages from £250,000 (at up to 65% LTV) to £1.5million