Together has lowered rates across its personal and commercial finance product ranges in response to market volatility beginning to ease.
The financial services group reduced rates by between 0.20% and 0.75% on a number of its long and short-term products, both regulated and unregulated.
First charge mortgage rates now start from 8.40% for a 5-year fixed, from 8.85% – a cut of 0.45% – on its Prime Plus range for clients without any demerits.
The lender also reduced rates on its buy-to-let (BTL) products on both first and second charge.
Rates for Together’s 5-year fixed were lowered 0.40% to 7.59% and its second charge 5-year fixed BTL products now start at 8.59%.
Marc Goldberg (pictured), CEO of sales and distribution at Together, said: “We’re pleased to be able to provide even more support through rate reductions across many of our personal and commercial finance product ranges.
“We are responding to improving conditions in lending markets after a great deal of turmoil over the last few years and are glad to be able to pass on reductions in our own cost of borrowing to our valued partners and their clients.
“As always, we continue to apply our common sense through our flexible criteria. However, these new reduced rates could open the door to more customers, allowing them to achieve their property ambitions.”
Phil Gray, managing director of Watts Commercial Finance, one of Together’s Gold partners, welcomed the move.
He said: “It’s great to see another round of rate reductions at Together.
“It shows their strong appetite to lend, to get the best possible outcomes for our clients, so it’s fantastic news for the consumer and the wider market.”
