"We’ve listened to feedback from our intermediary partners and made changes in line with what they need."
- Tanya Elmaz, director of intermediary sales at Together
Together has lowered rates across its personal finance product range, including reductions across first charge, second charge, and consumer buy-to-let products.
The firm has reduced its first charge rates by up to 130bps, with first charge mortgages now starting from 7.99% for a five-year fixed rate and 8.20% for a two-year fix. First charge variable rates will be available from 10.05%.
On its second charge range, rates have reduced by up to 170bps, with five-year fixed rates starting from 8.30%, two-year rates from 8.50%, and variable from 10.45%.
Consumer buy-to-let loans will also see a reduction. New rates for first charge fixed deals have reduced by up to 205bps, and will start at 6.95% for a five-year fix and 7.10% for two-year fixes. Second charge five-year fixes start from 7.50% and two-year fixes from 7.65%. For variable rates, first charges will start at 9.05% and second charges from 9.40%.
In addition to rate reductions, Together is also making further changes to its second charge product set. Loan sizes from £30k - £50k will now qualify for Together’s lowest rates and will be available for customers who have had credit blips in the past.
Together will be retaining its ‘smaller loan’ range for loans between £20k - £30k. These will start from 9.35% for a five-year fix and 10.15% for a two-year fix. Together has raised the maximum LTV for these smaller loans to 75%.
Tanya Elmaz, director of intermediary sales at Together, said: “We’re pleased to be able to provide even more support through rate reductions across many of our personal finance products.
“At Together, we are keen to show that we maintain a healthy appetite for lending despite the economic turbulence the market has experienced over the past couple of years. Our reduction of rates demonstrates this commitment.
“We’ve listened to feedback from our intermediary partners and made changes in line with what they need. Common-sense lending is at the heart of our ethos at Together, and our customers and partners are key to every decision we make.
“We’ve been opening doors for our customers for 50 years now, and remain dedicated to helping them achieve their property ambitions. Our goal is to become the UK’s most valued lender, and we will continue to make decisions based on our customer’s needs.”
