Together, the specialist lender, has reduced interest rates across the majority of its fixed rate products.
For the lender’s personal finance customers, there will be a 0.10% decrease to the 2-year fixed rate range across first and second charge mortgages, as well as first and second charge consumer buy-to-let (CBTL) loans.
For 5-year fixed rates, there will be a 0.40% decrease in first charge and CBTL first charge loans, and a 0.25% decrease for second charge and CBTL second charge loans.
Additionally, for unregulated buy-to-let loans, there will be a 0.20% decrease to both 2- and 5-year fixed rate products.
For personal finance customers, there will be 0.25% increase to variable first and second charge loans, CBTL first charge and CBTL second charge loans.
For commercial customers, there will be a 0.25% increase to buy-to-let and commercial term variable rate products.
Together has also announced that despite current economic issues, it will not be raising rates on any of its bridging products.
Marc Goldberg (pictured), CEO sales and distribution at Together, said: “Together remains committed to achieving the best outcomes for all our customers, and we are pleased to be able to reduce rates on the majority of our fixed products.
“Of particular importance is the decision to keep our rates on bridging finance the same.
“We are keen to support our customers and partners in any way we can, and by choosing to absorb costs like this we hope it shows that commitment; helping them achieve their outcomes.”
He added: “We all face uncertain times, with the economy in constant flux, and so to be able to reduce our rates on many products is a huge positive.
“These changes demonstrate our dedication to remaining a leading specialist lender in the market.
“At Together, we always apply our common-sense approach and flexibility to lending, taking into account our customer’s individual circumstances, and providing the right finance to realise their ambitions.”
