Together has launched its commercial bridging product with the Tenet Group, after providing short-term finance for two deals worth more than £220,000.
The specialist lender has started a pilot for brokers within the Tenet networks, after providing fast and flexible funding for two commercial cases.
John Truswell, head of national accounts at Together, said:
“These are fantastic examples of where our agility as a specialist lender enables us to deliver funds against tight deadlines that many mainstream lenders would struggle to meet.
“Both cases involved exceptional teamwork between the broker, our commercial underwriters and solicitors, to get the best possible outcome for the customers, who were certainly happy with the results.”
The specialist lender announced in June its partnership with selected broker networks across the UK as part of major plans to grow its business, allowing thousands of new brokers access to its first charge mortgage products and its common sense approach.
It has built on this strong partnership with Tenet since broadening distribution of its residential mortgages – introducing its short-term commercial product with the network last month.
Martin Greenwood, chief executive of Tenet Group, said:
“Together launched its commercial bridging product with us, following a good response from brokers in our network to its first charge residential product and it’s fantastic to see that our new relationship is really starting to bear fruit.”