Together has launched a new five-year fixed buy-to-let (BTL) mortgage
Earlier this year, Together celebrated completing a record number of BTL deals during June.
The firm now hopes to meet the growing demand for BTL mortgages, while enabling both landlords and property investors to fix their costs.
Marc Goldberg, commercial CEO at Together, said: “We’re constantly developing and improving our product offering in line with customers’ needs and feedback from our brokers.
“Buy-to-let has proved to be a resilient sector this year, despite the various tax changes introduced by the government.
“Given this growth, we want to ensure that we offer a variety of products to meet the continued demand, and our new fixed rate product will help us deliver more funding to property investors through our network of broker partners.”
Together claimed that one recent industry report recorded a 19% surge in BTL during September.
The firm now offers landlords interest-only and repayment options with LTVs of up to 75%, and will accept projected rental incomes.
Together will also lend to limited companies after seeing a rise in applications for BTL funding as a result of various tax hikes earlier this year.
“Buy-to-let lending continues to perform well for us here at Together, and we’ve been able to grow while maintaining a high-quality customer base,” Marc added.
The announcement comes just weeks after Together was included in The Sunday Times Grant Thornton Top Track 250 for 2016.
The firm recently announced record trading results, with annual new lending surpassing £1bn for the year ending 30th June 2016.
