Together Commercial Mortgages Review

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 starting at 7.79% for semi-commercial and 8.64% for standard commercial sit materially above high-street equivalents. Borrowers with clean profiles and straightforward properties will usually find cheaper deals 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 (no rate loading applied)
• 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 seeking published, transparent fee schedules upfront
• Direct borrowers — Together operates primarily through intermediaries
• Loans above £1,000,000 on standard products without broker referral to Premier

Key Facts

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. 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, capped at 65% LTV.

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

As of May 2026, Together’s 5-year fixed rate for standard commercial mortgages is 8.64%, down from 8.84%. The equivalent rate for semi-commercial properties is 7.79%, down from 7.99%.

After the fixed period, the mortgage reverts to the Together Commercial Managed Rate (TCMR), which stands at 8.39% as of mid-2026. The TCMR is a variable rate set by Together and is not directly tied to Bank Rate.

Bridging finance is priced on a case-by-case basis. If a bridging loan is renewed at the end of its 12-month term, a 5% renewal fee applies.

Arrangement, Valuation and Legal Fees

Together charges a £30 Telegraphic Transfer fee on all completions. A lender arrangement fee also applies, but the amount is deal-specific and will be confirmed in your offer documentation.

An Early Repayment Charge (ERC) applies if you repay during the fixed-rate period. A Redemption Administration Fee is charged when the mortgage is discharged. Exact ERC percentages are not published — confirm at application.

Valuation and legal fees are standard third-party costs. Together instructs its own panel valuer; you will also need your own legal representation, and Together’s legal costs are typically charged to the borrower.

What Affects Your Rate

LTV is the primary pricing lever. Lower loan-to-value ratios generally attract better rates. 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. 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 with no rate loading — a clear differentiator from lenders who either decline these cases or price them at a premium.

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 does not publish minimum trading history requirements. Cases with limited history, complex income, or adverse credit are assessed individually rather than declined at a gateway stage.

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. Direct enquiries are accepted but are often routed back through the broker channel.

For loans above the standard £1,000,000 ceiling, your broker can submit a referral to Together’s Premier for Intermediaries team, which handles larger and more complex commercial transactions.

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 does not publish standard completion timescales. Timescales vary significantly based on 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, requiring a clear repayment strategy — typically sale, refinance, or accumulated reserves.

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. The schedule is not published as a standard grid — the applicable charge is confirmed in your mortgage offer. A Redemption Administration Fee is charged when the mortgage is fully discharged.

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 sits outside most specialist lenders’ appetite.

Common Complaints

The most consistent criticism is cost. Rates above 8% on standard commercial property are materially higher than what clean-credit borrowers can access from high-street banks or larger specialist lenders.

The intermediary-led model adds a layer of friction for borrowers who prefer to research independently. Fee transparency is also a recurring concern: arrangement fees, ERC schedules, and exit fees are not published, making total cost comparison difficult without a formal offer.

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.

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

Together is a trading name of Together Commercial Finance Ltd, which is authorised and regulated by the Financial Conduct Authority. Verify the current FRN directly on the FCA register at register.fca.org.uk before proceeding.

If a complaint cannot be resolved with Together directly, eligible borrowers may escalate to the Financial Ombudsman Service. Trustpilot data for Together was not confirmed in this research — check current scores at together.co.uk before making a lending decision.

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. Borrowers should run parallel broker enquiries to both on complex cases.

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 profiles and publishes more criteria publicly. 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’s appetite and pricing best fits a given profile — 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. For borrowers who qualify with high-street lenders or larger specialist lenders such as Shawbrook, Together is unlikely to be the most cost-effective route.

The intermediary-led model and limited fee transparency mean solo research has a ceiling. You need a broker with an active Together relationship to get accurate pricing and a realistic eligibility assessment. The recent rate reductions in May 2026 and the launch of second-charge commercial bridging products suggest Together is actively investing in its commercial proposition.

For complex cases, it 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 products go up to £1,000,000. Larger loans are available through Together’s Premier for Intermediaries service via broker referral.

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. No rate loading is applied — non-UK residents are priced on the same terms as UK-based borrowers with equivalent risk profiles. This is a genuine point of difference from most lenders.

What LTV does Together offer on commercial mortgages?

Commercial and semi-commercial term mortgages are capped at 65% LTV. Bridging finance goes to 75% LTV on a first-charge basis and 65% on a second charge. Second-charge commercial term mortgages are also capped at 65% LTV with a maximum loan of £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 the Together Commercial Managed Rate (TCMR), which stood at 8.39% as of mid-2026. The TCMR is variable and set by Together. You can refinance to a new fixed rate or to another lender at this point, subject to any applicable ERCs.

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.

This review is based on published product information from Together Commercial Finance Ltd, rate and product data confirmed as of May 2026, and comparison against peer specialist lenders. Rates and criteria change frequently — verify current terms directly with Together or through a qualified commercial mortgage broker before making any lending decision. BusinessExpert does not provide financial advice.

Related guides

• Commercial mortgages guide
• Compare commercial mortgages
• Shawbrook Commercial Mortgages review
• Aldermore Development Finance review