Together allows ‘consent to follow’ on second charge loans

Together has introduced a new policy to issue conditional offers on second charge regulated loans, pending consent from the first charge lender.

The non-bank lender said the change aims to streamline the application process for brokers and their clients by providing earlier certainty. The move addresses a common industry challenge, according to Tanya Elmaz (pictured), director of intermediary sales at Together.

“The associated delays in obtaining consent from first charge lenders have been a major bugbear across the industry,” she said. “Feedback from our valued master brokers highlighted that being able to receive an offer before receiving consent is attractive, as it means the customer has a better understanding of the outcome of their application earlier in the process.