The proposition offers lower rates than standard buy-to-let (BTL) products, with rates from 4.69% for a first charge 2-year fixed deal.
Together has launched a new lower-rate proposition for portfolio landlords with two or more properties who need finance of more than £1m.
The lender said the move is aimed at supporting intermediaries’ clients who have faced rising rates, tax changes and recent legislation in the rental market.
The proposition offers lower rates than standard buy-to-let (BTL) products, with rates from 4.69% for a first charge 2-year fixed deal.
Landlords can make a single monthly payment across their portfolio, with one affordability assessment, one maturity date and one personal guarantee.
Loans are available for both first and second charge BTL, with automated valuation models (AVMs) for all fully residential property.
Second charge rates are set at 0.25% above first charge, with lender arrangement fees on a sliding scale.
Russell Anderson (pictured), chief strategy director at Together, said: “We know from the feedback that we’ve had from brokers that landlords are proactively seeking innovative ways to maximise future opportunities, moving away from individual property loans and turning to lenders who can restructure debt at a portfolio level.
“The move is a clear signal to lenders that those able to help with complex financial solutions will be best placed to offer the added levels of support that landlords seek from their finance partner.
“We’re pleased to launch our new portfolio proposition at a lower rate than our standard BTL products across first and second charges to allow landlords to release equity across their assets to grow their portfolios.”