Together is reducing interest rates on the majority of its fixed-rate products, including a 10bps decrease to its two-year fixed-rate first and second charge mortgages on its consumer BTL loans.
For five-year fixes across the consumer BTL range, there will be a 40bps decrease for first charge and a 25bps decrease for second charge loans.
For unregulated BTL there will be a 20bps decrease to both two- and five-year fixed-rate products.
The lender says it will not be raising rates on any of its bridging products, however for commercial customers, there will be a 25bps increase to BTL and commercial term variable-rate products.
For personal finance customers, there will be 25bps increase to variable first and second charge consumer BTL loans.
Marc Goldberg, CEO of sales and distribution at Together (pictured above), said: “We are pleased to be able to reduce rates on the majority of our fixed products.
“We are keen to support our customers and partners in any way we can, and by choosing to absorb costs like this we hope it shows that commitment [to] helping them achieve their outcomes.”
