Here at Together we’re committed to working through this period of uncertainty alongside our partners, from professional property investors to auction houses, to reassure them that we will continue to work together, just as we’ve always done, to deal with any temporary fallout from the referendum.
As one of the few independent lenders to have traded successfully throughout the credit crisis, our 42 years of experience and knowledge stands us in good stead for facing the challenges that may arise as a result of the vote to leave.
We’re in a strong financial position with committed funding channels, which means that our partners can have total confidence in our stability.
Our common sense approach to lending and our willingness to look at each case on its individual merits have established us a leader in our field and we’ll continue to take that approach as we move forward.
Brexit aside for a second, we have great news regarding our buy-to-let lending. June has been a record month for us at Together, with 149 transactions spanning first and second charge loans for both traditional and consumer buy-to-let.
This is a really positive indication of the strength of this sector, despite the various changes, including the increased stamp duty introduced earlier this year. This is good news for auction houses too, since buy-to-let investors are a significant part of that market.
Despite some early talk of a post-Brexit dip in auction attendees, I’d hope that temporary uncertainty will not deter seasoned property investors long term. We’ll be closely monitoring the market and working with our clients to help them in creating and extending their property portfolios.
