Specialist lender Together has paused lending on its fixed rate products as the market continues to assess ongoing market instability.
Yesterday several lenders made the same move as markets react to last week’s mini-Budget.
Despite the pause on fixed rates Together confirmed that it would continue to offer its variable rate products.
In a note to brokers seen by The Intermediary Together said: “Amid current market uncertainty, from today, we’ve temporarily paused lending on all of our fixed-rate products, as we fully assess the impact of the market instability.
“The temporary pause will not affect any of Together’s variable rate products, which remain available to our adviser partners and customers.
“As we review our product range and assess the environment, we’ll continue to communicate with you on a regular basis, keeping you updated with the latest information.”
