Together launches new specialist BTL range

The specialist lender’s new range is aimed at landlords and investors with multiple properties as well as those looking to secure finance on houses in multiple occupation or semi-commercial properties.

The new products are tailored for complex situations and apply across both first and second charge loans.

The increase to £2m is available for first charge applications on both standard and specialist buy-to-let products and covers most property types.

Meanwhile, the maximum loan size for second charge products has been increased to £500,000.

“We’re seeing continued demand for buy-to-let funding, with an increase of 44% in 2016, so we’ve developed this new product range to support property investors as they build their portfolios,” said Marc Goldberg, commercial CEO at Together (pictured above).

“As a leading buy-to-let lender, we’re committed to improving and enhancing our products in line with market needs, and our increased loan size of £2m is reflective of the growing demand for larger loans.”

Marc felt that the buy-to-let sector was in a period of transition, but believed that – despite the changes – it was also an exciting time for the market as it adapted and evolved.

“In fact, we’re seeing that long-term investors are not being deterred, but are perhaps focusing on lower loan-to-values and using larger deposits to take the various changes into account.

“We’re very much committed to growing our buy-to-let business, and have a dedicated team in this area whose knowledge of the market is second to none.

“We look at applications from all types of customers – including limited companies – and apply our commonsense philosophy to each lending decision.

“Our recent growth in this area is a clear indication of our success and we hope that this will continue as we move forward.”