Together has announced a series of rate reductions across its core product range.
The changes apply to buy-to-let, commercial term, first and second charge mortgage, and consumer buy-to-let products, with reductions of up to 20 basis points on selected fixed rate offerings.
The lender’s first charge two-year fixed has been reduced from 8.15% to 8.05%, whilst its five-year fixed option now stands at 7.39%, down from 7.59%. Second charge rates have also lowered, with its two-year fixed rate dropping to 8.54% and the five-year fix to 7.90%.
Consumer buy-to-let customers will benefit from a reduction to 7.30% on the two-year fixed product and 7.20% on the five-year fix. Commercial and semi-commercial term rates have also lowered by 20 basis points across the board; with five-year fixed commercial term rates now starting at 8.24%.
Tanya Elmaz, managing director of intermediary sales at Together, said: "In today’s economic climate, these rate reductions are excellent news for both brokers and their customers. By lowering monthly payments and enhancing affordability, we’re helping more people access the finance they need to achieve their property ambitions.
“The changes allow us to support brokers in placing more cases, and to help customers manage their finances more effectively. Lower monthly repayments go a long way to making mortgages more affordable.
“Additionally, improved affordability assessments may increase the amount customers are eligible to borrow, offering greater flexibility in a challenging economic climate.
“It’s part of Together’s ongoing commitment to making property finance more accessible and sustainable for all. We remain committed to supporting our much-valued intermediary partners with competitive products and excellent service, ensuring they can continue to meet the ever-evolving needs of clients.”
