"By offering a choice on arrangement fees brokers can advise customers on wider options to reduce their monthly payments in order support their property ambitions."
- Tanya Elmaz, director of intermediaries at Together
Specialist lender Together has introduced flexible lender arrangement fees across a selection of its commercial finance products.
Choices on arrangement fees will be offered across buy-to-let mortgages and commercial term loans, allowing customers to benefit from a lower rate.
This enhanced flexibility will enable brokers to view how adjusting arrangement fees affects the interest rates offered. For example, an unregulated buy-to-let two-year fixed rate product with a 2.5% arrangement fee and interest rate of 8.49% could be adjusted to an arrangement fee of 5% with an interest rate of 7.49%.
In addition, Together continues to broaden the reach of its products through working directly with network and clubs. It has launched partnerships with The Right Mortgage Network, TMG Direct Network and In Partnership, accelerating the number of advisers that can access Together’s network and club portal by over a thousand.
The new network and club partners join HLPartnership and Mortgage Advice Bureau who have already enrolled to access Together’s products.
Tanya Elmaz, director of intermediaries at Together, said: “We are always looking to offer brokers greater flexibility and affordability options to their customers. By offering a choice on arrangement fees brokers can advise customers on wider options to reduce their monthly payments in order support their property ambitions.”
Anita White, head of provider and lender relations at The Right Mortgage & Protection Network, commented: “We are very pleased to be welcoming Together to our lender panel, providing our member firms and their advisers with access to its wide range of products, covering first-charge, buy-to-let, and consumer buy-to-let offerings. At The Right Mortgage we are always looking to partner with lenders who are fully committed to the intermediary sector, who understand the needs of our member firms, and who went to forge the very strongest of relationships with us as a network and with our advisers. We are one of the first networks to gain access to Together’s new dedicated portal, and we believe advisers will find much to interest them there and to help them work with Together for the benefit of their clients. We are looking forward to working with the Together team and to help our member firms make the most of this new relationship.”
