Together re-launches its two year fixed-term personal and commercial ranges
Together has today re-launched its two year fixed rate personal and commercial finance products to help more clients realise their property ambitions.
The specialist lender has re-introduced its two year fixed personal finance products at the same time as its two year fixed rate buy-to-let (BTL) mortgages, both on first and second charge.
It has also brought back its five-year commercial mortgage, which was withdrawn in response to market volatility following the former chancellor’s mini-budget in September.
Meanwhile, rates have been lowered on Together’s five-year fixed first and second charge, and BTL mortgage ranges, which the award-winning specialist lender re-launched to the market last month.
Ryan Etchells, director of products and distribution at Together, said: “We’re delighted to be able to re-launch our two year fixed-rate products to support intermediaries and their clients in an ever-changing market.
“The uncertainty during a challenging period immediately after the mini-budget has now subsided, giving us the confidence to re-introduce Together’s two year fixed-rate mortgages. In addition, we’ve lowered rates on the five year fixed products we brought back to market in October.
“We always apply our common-sense approach to lending – whether to businesses or individuals – and a flexibility which takes into account clients’ individual circumstances, to provide the right finance to realise their ambitions.”
Together’s two year fixed-term personal mortgage rates start at 8.45% (first charge at 65% LTV) and 8.95% (second charge at 65% LTV), mirroring the rates of its standard BTL two year fixed product range on both first and second charge.
Five year fixed mortgage rates have been lowered from 8.75% to 8.45% (first charge at 65% LTV) and from 9.35% to 8.65% (second charge at 65% LTV). The rates have been reduced by the same amount for Together’s standard and second charge five-year BTL products.
The rates for its re-introduced five year fixed commercial term products start at 10.49%, at a maximum LTV of 70% on properties valued at up to £2.5m.
Joe Defries, managing director at The Loan Partnership, said: “It’s great news that Together has re-introduced its two year fixed-rate products to market, as well as reducing rates on its five year fixed-rate mortgages.
“It has been quite a turbulent time across the industry but it gives us confidence that one of our key lending partners is providing more options for our clients. We’ll continue to work closely with Together to offer the best products and service, catered to our customers’ individual circumstances.”