Together has reduced rates across its product range by up to 0.25% for term products and lowered bridging rates in response to the Bank of England’s latest base rate cut.
Rates have been reduced across Together’s full commercial product range including fixed and variable rate buy-to-let and commercial term products, which have reduced by 0.25% for two year-fixed rate products, 0.15% for five year-fixed rate products, and up to 0.25% for variable rate products.
Variable rate unregulated bridge rates have also reduced by 0.02% per month.
Together's buy-to-let product range now has two-year fixed rates starting at 8.49% with a 2.5% fee and 6.49% with a 7% fee. The unregulated bridge product range has variable rates starting at 0.91% per month.
In terms of its personal finance offering, reductions have been made to first and second charge mortgages and consumer buy-to-let products, which have reduced by 0.25% for two year-fixed rate products, 0.15% for five year-fixed rate products, and up to 0.25% for variable rate products. Regulated bridging rates have also reduced by up to 0.05% per month.
Its regulated first charge product range has two year fixed rates starting at 8.25% and five year fixed rates starting at 7.69%, while the regulated bridging range has variable rates starting at 0.85% per month.
Tanya Elmaz, director of intermediary sales at Together (pictured), said: “The Bank of England’s base rate cut earlier this month and recent changes to market rates will be welcome relief to mortgage borrowers and businesses. We are pleased to be able to pass on potential savings to our valued brokers and their customers by reducing rates across many of our own flexible finance options.”
