Together has reduced rates for its two- and five-year fixed BTL products from today (29th September) to support more brokers and their customers.
The specialist BTL first- and second-charge products will see rate cuts of up 26 bps across the board — following this, pricing for the first-charge range will start at 8.99% for two-year fixes, and 7.99% for five-year fixes.
Meanwhile, the specialist BTL second-charge suite will be priced from 9.99% for two-year fixed rates, and 8.99% for five-year fixed rates.
The new, lower rates will apply to any quotes or requotes completed on or after today — submitted applications at the previous rate must be funded by Friday 27th October.
Marc Goldberg, CEO of sales and distribution at Together (pictured above), said: “We’re really pleased to be able to offer our intermediary partners and customers our new, lower-rate deals from today.
“We’re starting to see some confidence and stability return to the mortgage and property markets after a long period of uncertainty — the Bank of England’s decision to hold its base rate at 5.25% has meant swap rates have become less volatile in recent weeks.
“This has given us the confidence to re-examine our BTL rates following invaluable feedback from our broker partners.
“We’ve supported landlords throughout our business’s 50-year history and will continue to support existing customers, but what we are seeing now is something of a re-set with increasing demand from a new type of landlord — we can help them, as we have with existing customers by offering our common-sense approach as a strategic funding partner to meet their ambitions.”
