Director of the Premier service at Together

Scott joined property finance experts Together in 2017 and has spearheaded the Premier proposition to support those who need a more personalised and tailored experience from their lender. With over 19 years’ financial services experience, he’s worked with private clients, Hedge Funds, Insurance and Financial Advisory businesses. 

I’m self-employed and have been refused a large mortgage by the high street banks. What are my options?

You’re probably not being rejected because you can’t afford the mortgage. Traditional high street lenders can have tight criteria, allowing them to offer lower rates due to lower risk. They may struggle with an income that’s a little more complex, such as having multiple income streams or irregular payment frequencies. Lenders like Together can take a wider view of your whole income and make an affordability decision based on common sense.

I’ve found the perfect home to buy, but my house hasn’t sold yet. Is there anything you can do?

Yes, you could consider a short-term regulated bridging loan. This effectively turns you into a cash buyer and allows you to purchase the new home before yours has sold. You’ll repay the loan when your current home sells.  It’s not something most banks offer, but it’s something we’ve been doing at Together for 40 years.

I’ve secured a great price on a property, but I need to complete it by a tight deadline. My bank could take months!

As a relationship lender, we pride ourselves on finding solutions. In fact, we’ve funded a £1.5m mortgage in 8 working days.  Our clients are often business owners and entrepreneurs who love getting a deal, especially on property. Being able to complete quickly is favoured by sellers and estate agents, and it’s a great way to secure a home at a reduced price. 

Your home may be repossessed if you do not keep up repayments on your mortgage.