Together's Specialist Underwriting Approach
Together's underwriting philosophy can be summarised as: assess the asset, understand the borrower, and make a commercial judgement. Rather than running every application through an automated credit model, Together underwriters review cases manually and make decisions based on the overall picture, including property value, borrower assets, income capacity, and the reason for any adverse events. This makes Together particularly effective for cases with an unusual element that an automated system would decline.
Non-Standard Property
Together is one of the most flexible lenders on the market for non-standard construction, concrete houses, steel-framed properties, timber frame, thatched roofs, and properties with mixed residential and commercial elements. Their holistic approach means they assess the actual property rather than applying category declines.
Together for Adverse Credit
Together will consider adverse credit situations that most specialist lenders decline: recent missed payments, unsatisfied CCJs in some situations, borrowers with current debt management plans (in certain circumstances), and profiles that other specialists consider too complex. The trade-off is that Together's rates at the more adverse end of their range are higher than standard market rates.
Bridging and Short-Term Finance
Together is also one of the UK's major bridging lenders, which means a borrower who needs bridging finance to purchase a non-standard property and then remortgage onto a longer-term product may be able to use Together for both stages, simplifying the overall process.