Compare Criteria

Together

Mortgage Type

Residential

Property Value (min)

£50,000

Advance (min)

£20,000
£25,000 for prime rates

Advance (max)

£1,000,000 up to 60% LTV
£500,000 up to 70% LTV
£250,000 up to 75% LTV

Term (Max)

40 years

Minimum Age

18 years

Maximum Age

85 years at the end of the mortgage term

Family Cash Gift Deposit

Accepted

Family Gift of Equity Deposit

Accepted

Income (min)

No minimum income

Age constraints are used when it comes to income - see criteria guide RE: income past the age of 70. If term goes past age 70, then restrictions apply.

DWP Tenants

Yes

Ex-Local Authority Properties

Accepted including high rise flats and non traditional construction

Minimum Ownership

No minimum ownership

Permanent rights to reside and remain

Yes

New Builds

Accepted on both houses and flats

Credit Score

No

Historic CCJ’s & Defaults

Up to 6 accepted in the last 12 months all previous CCJ's and defaults ignored over 12 months

Valuation Fees

Paid direct to lender and related to lender fee scales

Maximum number of applicants

4

Countries

Will lend in England, Scotland and Wales

Access

Access to Together is available via packagers, of which 3mc are one.

Missed mortgage payments

Arrears accepted. Satisfactory explanation required for all arrears.

Property Type / Commercial

Limited companies and Trading companies accepted

Location

Will lend in England, Wales and Scotland

Type of Credit Search conducted at AIP stage

Hard foot print

Shared Ownership

Accepted up to 100% of the clients share

Right to Buy (RTB)

Accepted - 100% of the purchase price accepted up to the maximum LTV.
If property is a flat, please ensure that the service charge is known "pre-aip" as this will affect affordability.

Debt Management Plan

Do not accept applicants who are in the active DMP for purchases or remortgages, right-to-buy or shared ownership, it must be 2 years since it has been satisfied

Help To Buy (Shared Equity)

No

Ex-Bankrupts

Must be discharged and older than 6 years since. Exceptions considered

IVAs

IVA's have to be discharged for more that 5 years before they will look at this on a referral basis

Repossessions

Accepted by referral if over 2 years

Payday Loans

Max LTV for any of the below is 65% : - Consider up to 3 settled pay day loans in the last 12 months. Maximum of 1 active pay day loan, which isn't being settled by the secured loan, will be considered by referral only. Applicants with an existing payday loan will be considered by referral. A good explanation is required from the applicant detailing why they required the payday loan(s).

Repayment Types

Capital Interest and Interest Only available

Lenders completion fee

Referred to as acceptance fee; fixed fee at £1495 for Prime Plus, 2.5% for all other plans (min £450, capped at £7,500)

Affordability

Based off an income and expenditure review

Employment

Must be employed and earning and income.

If paid cash, considered on basis of documentation - Employment Confirmation Form required

Self Employed

Minimum 1 years trading period - Together will accept the applicant’s last 2 SA302s provided the last SA302 is dated within the last 18 months.
Applicants can be: - Limited companies, LLPs, sole traders, partnerships.