Specialist lender Together has reduced rates across its first- and second-charge BTL products.
The lender’s first-charge five-year fix has been lowered by 40 bps, and are now priced at 7.59%.
Meanwhile, the second-charge five-year fix is now offered at a rate of 8.59%.
The decision to reduce rates comes as swap rates have begun to edge down, providing greater stability in borrowing markets.
These changes are part of Together’s wider rate cuts across its personal and commercial finance product ranges.
Marc Goldberg, CEO of sales and distribution at Together (pictured above), said: “We’re pleased to be able to provide even more support through rate reductions across many of our personal and commercial finance product ranges.
“We are responding to improving conditions in lending markets after a great deal of turmoil over the last few years and are glad to be able to pass on reductions in our own cost of borrowing to our valued partners and their clients.
“As always, we continue to apply our common-sense through our flexible criteria; however, these new reduced rates could open the door to more customers, allowing them to achieve their property ambitions.”
