Together refreshes commercial and personal finance ranges

Together has lowered rates on its specialist mortgages and bridging loans in a refresh of its product range.


The lender has repriced its 5-year fixed-rate mortgages to 5.99% on capital repayment and 6.49% on interest-only home loans, in a series of changes designed to offer more options for brokers’ clients.

Regulated bridging loans have seen rates cut from 0.65% to 50% LTV and 0.75% to 70% LTV, while the lender has launched a new Consumer Buy-to-Let (CBTL) five-year fixed-rate product at 6.99%.

Changes to its commercial range include increasing LTVs on unregulated bridging loans for residential purchase to 75% (from 70%) and to 70% (from 65%) on refinancing deals.

Its buy-to-let and specialist holiday let products have also been revamped with LTVs increasing to 75% for residential purchases and to 70% for refinancing residential properties (from 70% and 65% respectively). The LTVs on Together’s second charge Buy-to-Let has also been increased from 65% to 70%

Sundeep Patel, director of sales at Together, said: “The residential property market has remained buoyant, despite the challenges of COVID, and we’ve updated our offering to provide more options for borrowers buying a new home or refinancing their existing house, or for those looking to seize an opportunity to invest in rental property.

“We anticipate that the residential buy-to-let market will return to health post-COVID and believe that holiday lets will prove attractive to investors as the popularity of UK staycations increases once lockdown is lifted.”

He added: “These are the latest changes we’ve introduced as we continue to increase our lending and there are still more improvements in the pipeline.”

Last month, Together updated its criteria to allow more automatic property valuations in a move designed to reduce costs and speed up mortgage applications.

The rule changes mean more of the lender’s new personal finance cases can be funded by using the HomeTrack digital platform – removing the need for physical property valuations, and making it easier for applications to progress, particularly during lockdown.

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