Together has reduced rates across its core product range, offering enhanced affordability and greater flexibility for brokers’ customers.
The changes apply to BTL, commercial term, first- and second-charge mortgage and consumer BTL products, with reductions of up to 20 bps on selected fixed-rate offerings. The lender’s first charge two-year fix has been reduced from 8.15% to 8.05%, while its five-year fixed option now stands at 7.39%, down from 7.59%.
Second-charge rates have also fallen, with Together’s two-year fixed rate dropping to 8.54% and the five-year fix to 7.9%.
Consumer BTL customers will benefit from a reduction to 7.3% on the two-year fixed product and 7.20% on the five-year fix.
Commercial and semi-commercial term rates have also lowered by 20 bps across the board, with five-year fixed commercial term rates now starting at 8.24%.
Tanya Elmaz, managing director of intermediary sales at Together (pictured above), said: "In today’s economic climate, these rate reductions are excellent news for both brokers and their customers.
“The changes allow us to support brokers in placing more cases, and to help customers manage their finances more effectively. Lower monthly repayments go a long way to making mortgages more affordable.
“Additionally, improved affordability assessments may increase the amount customers are eligible to borrow, offering greater flexibility in a challenging economic climate.”
