Together cuts fixed rates and expands criteria to support more borrowers
Specialist lender Together has reduced rates across its fixed-rate product range while enhancing criteria, as part of its ongoing commitment to support brokers and widen access to specialist finance.
The changes include reductions across both residential and commercial products, alongside an important criteria enhancement aimed at first-time buyers.
All two-year fixed rates have been reduced by 25bps and all five-year fixed rates by 10bps, with rates now available from 7.70% for CBTL first charge five-year fixed, 7.89% for residential first charge five-year fixed, 8.54% for buy-to-let first charge five-year fixed, and 8.99% for semi-commercial first charge five-year fixed.
The changes apply across a broad range of products, including residential first and second charge, buy-to-let (BTL) and consumer buy-to-let (CBTL), as well as commercial and semi-commercial term lending.
Together will also now accept the Scottish First Home Fund as a valid deposit source. The new fund was launched by the Scottish government in June this year to get more first-time buyers onto the property ladder.
Based in Cheadle, Together has a loan book of £8.4bn and a long-standing track record of supporting borrowers with complex circumstances, reinforcing its position as a criteria-led specialist focused on those underserved by traditional lenders.
Tanya Elmaz, managing director of Intermediary Sales said: “These changes reflect our ongoing commitment to supporting brokers and customers in a market where flexibility and speed of delivery have never been more important
“By reducing rates across our fixed range while also expanding our criteria, we’re giving brokers greater confidence and more options to place cases, whether that’s helping first-time buyers access the market through initiatives like the Scottish First Home Fund, or supporting more complex residential, buy-to-let and commercial lending scenarios.
“As the market continues to evolve, we’re seeing more borrowers fall outside of vanilla credit profiles, and it’s vital that brokers have access to lenders who can take a common-sense, pragmatic approach.
“Our focus is on working in partnership with brokers to understand each case on its own merits, provide certainty of outcome, and ultimately help more customers achieve their property ambitions.”