At Together we look beyond standard scenarios and treat people as individuals. As a result we’re able to help your clients with non-standard purchases, property types, credit and income.

Together case study

Secured loan without a mortgage

An employed couple, both aged 53, paid off their mortgage on their low priced property two years ago. They now want to borrow £17,000 to pay off unsecured debt and help consolidate their son’s credit. Without a first charge mortgage they couldn’t qualify for a secured loan. As most lenders don’t offer first charge mortgages for less than £50,000 and generally require the property to be worth more than £75,000, their broker recommended Together.  

Our approach

We recognised that the couple have paid off their mortgage and assessed their borrowing requirements. As we cater for both low and high value properties, and have a minimum loan amount of £3,000, we were able to help.

Outcome for the client

The couple took out a fixed rate loan secured on their property for five years. This has meant that they are paying less each month for their credit commitments and also able to help out their son.

Find out more by calling 0161 933 7170 or visit togethermoney.com/intermediaries