Together has completed a £1.2m regulated bridging loan, introduced by Crystal Specialist Finance, enabling a Scottish homeowner to buy a luxury property in the Cairngorms before the sale of two existing homes.
The transaction was completed through Together’s Premier for Intermediaries service after the client, a managing director, sought funding to purchase a new main residence while significant personal wealth remained tied up in two existing properties.
Although the client had substantial equity, the planned sales of their existing homes would not complete in time to fund the purchase, creating a need for short-term finance to avoid losing the property.
Working with Crystal Specialist Finance, Together structured a 12-month regulated bridging facility secured against the client’s main home and a second property in Edinburgh, at an overall 60% loan-to-value.
The finance enabled the client to complete the £1.2m purchase immediately, with repayment expected through the sale of the two properties, supported by additional personal savings.
The case was introduced by Crystal Specialist Finance, which had previously used Together’s Premier for Intermediaries proposition on several high-value commercial transactions.
Dan Narwal (pictured), intermediary corporate account director at Together, says: “We’re seeing increasing demand from brokers for Personal Finance cases above £1m, many of which need to be assessed and completed at speed.
“These deals often involve multiple properties, complex income and nuanced exit strategies, meaning brokers need access to experienced underwriters who can assess the bigger picture rather than relying solely on automated processes.
“Premier for Intermediaries was created to support exactly these types of requirements. By providing direct access to a dedicated team, we’re able to manually assess complex cases while maintaining the speed and certainty that brokers and their clients expect from a bridging lender.”
Jason Berry, group sales director at Crystal Specialist Finance, said: “Having previously used Together’s Premier for Intermediaries service on a number of larger commercial transactions, we were confident they had the expertise and resource to support our client’s plans.
“The case involved a high-value residential purchase, so it was important to work with a lender that could provide clear guidance throughout.
“Communication was excellent from the outset and the Premier team kept the case moving at pace, giving our client and ourselves confidence throughout the transaction.”
Together said the transaction demonstrates the continued use of its Premier for Intermediaries service, launched in February, to support brokers placing high-value commercial and personal finance cases.
