Scott Clay 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 in financial services, he’s worked with HNW clients, Hedge Funds, and Insurance and Financial Advisory businesses.
I’m looking to complete on my new home, but my current property hasn’t sold yet. How can I keep the deal from falling through?
Chain breaks are a common challenge. However, with a cool demand for multi-million-pound homes, in part due to the recent ‘Mansion Tax’ announcement, more high-net-worth individuals could find themselves caught in this situation. A short-term regulated bridging loan allows you to secure your new home now and repay the loan once the existing home is sold, avoiding a chain break. Most banks don’t offer them, but they’re available via specialist lenders like Together. I have applied for a mortgage with my bank, but it’s taking a long time. Sadly, high street banks can take months to make a decision. The banks want automated applications, so if you’re a business owner with complex income, it can turn into a nightmare. Our bespoke service manages your application, from enquiry to funding, providing clarity and communication at every step. We can also work alongside your own advisors and legal representatives.
My lender won’t let me borrow against my home. How can I access funds locked in my unique property?
Your home is a source of pride and a sign of success. But, multi-million-pound mansions, including listed buildings or properties with outbuildings and large acreages, often fall outside of the standard criteria that many traditional lenders will accept. Specialist lenders, like Together, provide responsible, FCA-regulated solutions instead of barriers. Our flexible criteria, experience dealing with unique, luxury properties, and appetite to lend larger loans mean that we can often open up opportunities that other lenders can’t.
Your home may be repossessed if you do not keep up with repayments on your mortgage.
