Together has removed its 1.5% loading fee for foreign nationals, across both its BTL and commercial term loans.
The lender has made this move in response to rising demand and a surge in foreign-owned BTL companies. This fee had previously usually been added to overseas applications.
A spokesperson for Together said there were no plans as of yet to cut rates for foreign nationals.
“Data shows growing international confidence in UK real estate, despite economic turbulence and constant regulatory changes, and Together is dedicated to encouraging this,” said Ryan Etchells, chief commercial officer at Together.
“Foreign capital plays a vital role in easing pressure on the PRS, especially at a time when domestic investment is constrained and the UK continues to fall short of its annual homebuilding targets.”
