Together Commercial Mortgages at a Glance
Our Verdict
Together is a specialist lender built for cases that mainstream banks decline. Its case-by-case underwriting, acceptance of complex income structures, adverse credit, and non-UK residents makes it genuinely useful for borrowers who have exhausted high-street options.
The trade-off is cost. Fixed rates from 8.19% for semi-commercial and 8.94% for standard commercial sit above high-street equivalents, and the lowest advertised rate on standard commercial property is only available with a 7% product fee. If your profile is clean and the property is straightforward, you will usually find a cheaper deal elsewhere.
For the right borrower (complex structure, mixed-use property, or a case with credit history wrinkles), Together offers access rather than best price, and that access has real value.
Best For
- Borrowers with complex or irregular income structures
- Limited companies, LLPs, and sole traders needing flexible underwriting
- Expats and non-UK residents, priced the same as UK borrowers
- Mixed-use and semi-commercial properties
- HMOs, student accommodation, and land purchases
- Cases declined by mainstream lenders
- Borrowers needing bridging finance alongside a term mortgage
Not Ideal For
- Borrowers with clean credit and standard commercial properties: cheaper rates exist
- Those who want the lowest nominal rate without a large product fee: Together’s 8.94% headline commercial rate requires a 7% arrangement fee
- Borrowers who prefer not to use a broker: the primary route is intermediary-led, though direct enquiries are accepted via together.co.uk
- Second-charge commercial lending above £1,000,000: the second-charge cap is £1m at 65% LTV
Key Facts
| Feature | Detail |
|---|---|
| Minimum loan | £50,000 |
| Maximum loan, first charge (standard) | £5,000,000 |
| Maximum loan, second charge | £1,000,000 |
| Maximum LTV, first-charge term mortgage | Up to 70%¹ |
| Maximum LTV, bridging (first charge) | 75% |
| Maximum LTV, bridging (second charge) | 65% |
| Maximum term, capital repayment | 30 years |
| Maximum term, interest-only | 10 years |
| Bridging maximum term | 12 months |
| 5-year fixed rate (commercial) | From 8.94% (data checked 7 August 2026) |
| 5-year fixed rate (semi-commercial) | From 8.19% (data checked 7 August 2026) |
| Reversion rate (after fixed period) | TCMR + 3.25% |
| Accepted borrowers | Individuals, sole traders, LLPs, partnerships, limited companies |
| Expats / non-UK residents | Accepted, at the same rate as a UK borrower |
| Minimum age | 18 |
| Maximum age at term end | 80 (if income required); no maximum if self-funded |
| Regulatory status | Commercial loans offered by Together Commercial Finance Limited are not FCA-regulated mortgage contracts |
¹ Together’s Commercial Finance Product Guide dated 5 August 2026 shows 70% maximum LTV on purchase and on remortgage, first and second charge, for both Commercial Term and Semi-Commercial. The 65% remortgage figure that sat in the July intermediary guide has gone, and we have taken it off this page with it.
What Are Together Commercial Mortgages?
How Together Commercial Mortgages Work
Together Commercial Finance Ltd provides secured lending against commercial and mixed-use property in the UK. Loans are underwritten on a case-by-case basis rather than by automated scoring, which is the defining feature of the product range.
Most lending is arranged through intermediaries (mortgage brokers and commercial finance brokers) rather than directly with borrowers. Direct enquiries are accepted via together.co.uk. The lender targets cases whose income, credit history, or property type fall outside parameters high-street banks will accept.
Owner-Occupier vs Investment Mortgages
Owner-occupier commercial mortgages are for businesses purchasing or refinancing premises they trade from. Serviceability is assessed against business income and profitability.
Investment commercial mortgages are for landlords buying or refinancing commercial property held as an income asset. Together applies an interest coverage ratio (ICR) of over 120% on rental income for investment cases.
Semi-commercial (mixed-use) properties, a retail unit with a flat above, for example, sit across both categories. Together treats these as a distinct product line with its own rate and LTV schedule.
Main Mortgage Options
Together offers four core commercial products. Commercial term mortgages and semi-commercial term mortgages both run to 30 years capital repayment or 10 years interest-only, with LTV up to 70% on a first-charge basis.
Commercial and semi-commercial bridging finance covers short-term purchases and refinancing. First-charge bridging goes to 75% LTV; second-charge to 65% LTV. Maximum term is 12 months.
Second-charge commercial mortgages allow borrowers to release capital against a property already carrying a first-charge mortgage. These are capped at 65% LTV and £1,000,000.
Together Commercial Mortgage Rates and Fees
Interest Rates and Representative Costs
Together put every commercial and semi-commercial fixed rate up by 0.2% on 5 August 2026. Its 5-year fixed rate for standard commercial mortgages now starts from 8.94%; the equivalent rate for semi-commercial properties starts from 8.19%. These are headline figures attached to the highest product-fee tier: the rate you pay depends on the fee you choose (see table below).
After the fixed period, the mortgage reverts to TCMR + 3.25%. The Together Commercial Managed Rate (TCMR) is a variable rate set by Together, and we found no published link between it and Bank Rate. This reversion mechanic means the rate after the fixed period can be higher than the initial fixed rate, depending on where TCMR sits at maturity.
Bridging is priced case by case, and we found no indicative range published anywhere. If a bridging loan is renewed at the end of its 12-month term, a 5% renewal fee applies.
Rate and Product Fee Trade-off
Together’s 5-year fixed commercial rates are published in three product-fee tiers. The lower the rate, the higher the arrangement fee you pay upfront:
| Product fee | 5-year fixed rate |
|---|---|
| 2.5% | 9.79% |
| 5.0% | 9.44% |
| 7.0% | 8.94% |
On a £500,000 loan those fees are £12,500, £25,000 and £35,000 upfront, which we worked out from Together’s own tiers. For shorter expected holding periods or lower loan amounts, a higher rate with a lower fee can be cheaper in total. The lowest nominal rate is not automatically the cheapest deal: total cost over the expected holding period is the right comparison. Those rates are Together’s own. We took them from Together’s Commercial Finance Product Guide dated 5 August 2026, read on 7 August 2026.
Arrangement, Valuation and Legal Fees
Together charges a £30 Telegraphic Transfer fee on all completions. Arrangement fees follow the product-fee tier structure above (2.5%, 5% or 7% of the loan amount) and are confirmed in your mortgage offer.
An Early Repayment Charge (ERC) applies if you repay during the fixed-rate period. On both Commercial Term and Semi-Commercial 5-year fixes the schedule runs 4%, 4%, 3%, 2% then 1% across the five years. On variable products it opens at 6% and tapers 6%, 6%, 5%, 4%, 3%, 2%, then 1% thereafter. A Commercial Term exit fee of 1%, capped at £2,500, is charged on redemption. The figures that bind your own case are the ones set out in your mortgage offer.
Valuation and legal fees are standard third-party costs. Together instructs its own panel valuer, and its legal costs are typically charged to you. We could not find a published scale for either. You will need your own separate legal representation.
What Affects Your Rate
How much you are borrowing against the property moves the rate more than anything else. The less you borrow against it, the better the rate tends to be. Property type also matters: semi-commercial currently attracts lower fixed rates than standard commercial, reflecting the residential income component.
Credit history, income complexity, and borrower entity type all influence the final rate. The product fee tier you choose directly affects the nominal rate. Manually underwritten cases may see individual rate adjustments that differ from published headline figures.
Together Commercial Mortgage Eligibility
Who Can Apply
Together accepts applications from individuals, sole traders, LLPs, general partnerships, and limited companies. Expats and non-UK residents are accepted without paying a higher rate for it, a clear difference from lenders who either turn these cases away or charge a premium for them.
The minimum age for all applicants is 18. Where income is needed to service the loan, the maximum age at term end is 80. Where no income assessment is needed, there is no maximum age.
Property Types, LTV and ICR Requirements
Accepted property types include commercial premises, semi-commercial (mixed-use) buildings, HMOs, student accommodation, and land. Together specifically positions itself for complex or unusual property types that mainstream banks decline.
For investment properties, Together requires an ICR above 120%: rental income must exceed mortgage interest by at least 20%. Total secured debt across all properties must not exceed 50% of net income or profit (the TSDI test).
Trading History, Credit Assessment and Personal Guarantees
Together publishes no minimum trading history, and we found none in its intermediary material either. Cases with limited history, complex income, or adverse credit are assessed individually rather than ruled out before anyone reads the file.
Adverse credit (including defaults, CCJs, and previous insolvency) is considered on a case-by-case basis. This is a material differentiator from most lenders.
Personal guarantees are commonly required on limited company applications. Review any guarantee carefully with your solicitor before signing, as it creates personal liability for the company’s mortgage debt.
Together Commercial Mortgage Application Process
How to Apply
Together operates primarily through an intermediary model. The recommended route is a qualified commercial mortgage broker with a lender relationship with Together: brokers have direct access to Together’s underwriting team and can progress complex cases more efficiently. Direct enquiries are also accepted via together.co.uk.
For particularly complex transactions or larger loans, your broker can refer to Together’s Premier for Intermediaries team, which handles high-value and structured commercial cases.
Valuation, Documents and Checks Needed
Together instructs its own panel valuer. Standard documentation includes proof of identity and address, accounts or income evidence, details of the property and any tenancy agreements, and solicitor information.
Complex cases (limited company applications, adverse credit, non-UK residents) may require additional documentation. Your broker should provide a tailored checklist at the outset to avoid delays later in the process.
Underwriting and Completion Times
Together publishes no standard completion timescales and we found none in its product guides. They vary with case complexity, valuation availability, and legal progress. Bridging finance is designed for faster completion than term mortgages.
If speed of execution is critical, discuss this explicitly with your broker at the outset so Together’s underwriting team can prioritise accordingly.
Together Commercial Mortgage Repayments and Flexibility
Repayment Terms and Interest-Only Options
Capital repayment mortgages run for up to 30 years, spreading the principal and interest across the full term. Monthly payments are higher than interest-only but the mortgage balance reduces throughout.
Interest-only terms are available for up to 10 years. Monthly payments are lower, but the full capital balance remains outstanding at the end of the term, so you need a clear plan to repay it, typically a sale, a refinance, or reserves you have built up.
Bridging loans run for a maximum of 12 months, almost always on an interest-only or rolled-up interest basis, repaid in full on sale or refinance of the security.
Early Repayment Charges and Refinancing
ERCs apply during the fixed-rate period. On a 5-year fix the schedule runs 4%, 4%, 3%, 2% then 1%; on variable products it opens at 6% and tapers to 1%. A Commercial Term exit fee of 1%, capped at £2,500, is charged on redemption. Your own mortgage offer is what governs your case.
When refinancing away from Together, factor both the ERC and the Redemption Administration Fee into your cost comparison. Combined exit costs can offset rate savings available from a cheaper alternative lender.
Together Commercial Mortgage Customer Reviews
What Customers Like
Borrowers and brokers consistently highlight Together’s willingness to look at cases other lenders decline. The case-by-case underwriting approach means complex income structures, unusual property types, and adverse credit history receive genuine consideration rather than an automated rejection.
The acceptance of expats and non-UK residents without rate penalties is frequently cited as a differentiator. Brokers report that Together covers HMO, student accommodation, and mixed-use property that most specialist lenders will not take on.
Common Complaints
The most consistent criticism is cost. Rates above 8% on standard commercial property are higher than what clean-credit borrowers can access from high-street banks or larger specialist lenders.
Smaller review platforms surface complaints about delays, repeated documentation requests and communication gaps, and we saw those same three themes on every platform we read. The intermediary-led model adds a layer of friction for borrowers who prefer to research independently.
Review Platform Scores
As of July 2026, Together rates approximately 4.5/5 on Trustpilot from over 2,300 reviews, and around 4.6/5 on Feefo from several hundred ratings in the past year. Smart Money People carries a smaller sample and a lower score. Those are snapshots taken in July 2026, and the scores move as new reviews land.
We could not find a platform that isolates commercial mortgage borrowers: the samples include bridging finance, personal lending, and other Together products. Positive themes around helpful staff and speed are consistent across larger platforms; complaints about documentation delays and communication surface more often on smaller sites. Use aggregate scores as a directional indicator, not as evidence of commercial mortgage service quality specifically.
Together Support and Regulation
Customer Support
Together’s primary service channel for commercial mortgages is through its intermediary network. Brokers have direct contact with Together’s business development managers and underwriting teams. Direct enquiries are accepted via together.co.uk for borrowers not working through a broker.
Existing borrowers can contact Together’s servicing team directly via together.co.uk. For larger and more complex transactions, the Premier for Intermediaries team provides a dedicated relationship management layer.
Regulatory Status and Complaints
Commercial loans offered by Together Commercial Finance Limited are not FCA-regulated mortgage contracts. The standard consumer protections that apply to regulated residential mortgages (including the FCA’s mortgage conduct rules) do not apply to commercial mortgage borrowers under this entity.
Together Personal Finance Limited, which handles residential lending, has a different regulatory position. We cross-checked that status on the FCA register at register.fca.org.uk on 7 August 2026. Whether the Financial Ombudsman Service has jurisdiction over a specific complaint depends on the entity, the product type, and the terms of the agreement: do not assume automatic FOS access on a commercial mortgage.
Together vs Alternatives
Together vs Shawbrook Commercial Mortgages
Shawbrook is Together’s closest peer in the specialist commercial mortgage market. Both lend on complex cases, accept a range of borrower entity types, and operate through brokers. The two compete directly on HMOs, semi-commercial, and adverse-credit cases.
Shawbrook offers slightly more structured published criteria, making eligibility easier to assess upfront. Together’s genuinely case-by-case model can accommodate scenarios Shawbrook’s criteria still reject. If your case is complex, put it to both through your broker rather than choosing between them on paper.
Together vs West One Commercial Mortgages
West One is a strong competitor on bridging finance. For commercial term mortgages, West One is a less direct comparison. On bridging, West One’s rates and speed of execution are worth benchmarking alongside Together.
Both lenders are broker-first. A broker with panel access to both can run a meaningful comparison on bridging cases before a formal application is submitted.
Together vs Alternative Specialist Lenders
Aldermore targets slightly cleaner credit and publishes more of its criteria, which is why we could price it from public material and could not do the same for Together. InterBay focuses on complex residential and commercial landlord cases. For borrowers with adverse credit, Together’s manual underwriting is typically more accommodating than Aldermore’s more structured approach.
The right lender depends heavily on the specific case. Experienced commercial mortgage brokers know which lender will take on a given case, and at what price: use broker expertise rather than attempting to match from published criteria alone.
Final Verdict: Are Together Commercial Mortgages Worth It?
Together fills a specific and genuinely useful gap in the UK lending market. For borrowers with complex income, unusual property types, adverse credit, or non-UK residency, it provides access to secured commercial lending that most lenders will not offer.
That access comes at a price. Fixed rates above 8% on standard commercial property are expensive, and the rate/fee trade-off means the cheapest headline rate is not automatically the cheapest deal. If you qualify with a high-street lender, or with a larger specialist such as Shawbrook, Together is unlikely to be your cheapest route.
The intermediary-led model and the rate/fee structure mean solo research has a ceiling. A broker with an active Together relationship can get accurate pricing, a realistic eligibility assessment, and a comparison against alternatives in the same call. For complex cases, Together is a credible and often essential option. For straightforward cases, compare it against Shawbrook and Aldermore before committing.
Frequently Asked Questions
What is the minimum loan size for a Together commercial mortgage?
Together’s minimum commercial mortgage loan is £50,000. Standard first-charge products go up to £5,000,000; second-charge commercial mortgages are capped at £1,000,000 at 65% LTV.
Does Together accept borrowers with adverse credit?
Yes. Together considers applications from borrowers with adverse credit history, including defaults, CCJs, and previous insolvency. Each case is assessed individually. Outcomes depend on the nature of the adverse credit and the overall case profile.
Can non-UK residents get a commercial mortgage with Together?
Yes. Together explicitly accepts applications from expats and non-UK residents. They are not charged a higher rate for it: non-UK residents are priced on the same terms as a UK-based borrower with a comparable case. This is a genuine point of difference from most lenders.
What LTV does Together offer on commercial mortgages?
First-charge commercial and semi-commercial term mortgages go up to 70% LTV. Remortgages now sit at the same 70%: the 65% figure that lingered in Together’s July intermediary guide has gone from the product guide dated 5 August 2026. Bridging finance goes to 75% LTV on a first charge and 65% on a second. We could not reconcile that 75% with Together’s own Commercial Finance Product Guide dated 5 August 2026, which shows 70% on a first charge, so ask your broker which figure applies to your case before you budget against it. Second-charge commercial term mortgages are capped at 65% LTV and £1,000,000.
How long does a Together commercial mortgage application take?
Together does not publish standard completion timescales. They vary based on case complexity, valuation turnaround, and legal progress. If time is critical, raise this with your broker at the outset so the lender can prioritise accordingly.
What happens at the end of Together’s fixed-rate period?
The mortgage reverts to TCMR + 3.25%. The Together Commercial Managed Rate (TCMR) is a variable rate set by Together. You can refinance to a new fixed rate or to another lender at this point, subject to any applicable ERCs and exit fees.
Does Together require a personal guarantee on limited company applications?
Personal guarantees are commonly required where the borrowing entity is a limited company. The scope and terms vary by case and will be set out in the mortgage offer. Review any personal guarantee with a solicitor before signing.
How we reviewed Together Commercial Mortgages
What we assessed. We evaluated Together Commercial Finance Ltd on product range and eligibility criteria, rate and fee structure, property type acceptance, regulatory status, and customer experience via published review platforms: the factors that distinguish specialist commercial lenders and matter most to borrowers considering this market.
Data sources. Together’s public product guides, intermediary documentation, and commercial mortgage pages were checked directly on 7 August 2026, against the Commercial Finance Product Guide dated 5 August 2026. The FCA register at register.fca.org.uk was cross-checked for regulatory status. Trustpilot, Feefo, and Smart Money People review scores recorded as at July 2026. No comparison sites, no press releases, no affiliate material.
Update cadence. We re-verify this page when Together publishes updated product guides or announces criteria changes. The verification date shown reflects the most recent full check. Some links on this page are affiliate links; see our editorial policy.
This review is based on published product information from Together Commercial Finance Ltd, rate and product data verified on 7 August 2026 against Together’s Commercial Finance Product Guide dated 5 August 2026. Rates, fees and LTV limits move often, and the figures that govern any individual case are the ones set out in the mortgage offer. BusinessExpert does not provide financial advice.