The lender said the changes are intended to support brokers and widen specialist finance access
Together has reduced rates across its fixed-rate product range while enhancing criteria.
The changes include reductions across both residential and commercial products, alongside a criteria enhancement aimed at first-time buyers.
All two-year fixed rates have been reduced by 25bps and all five-year fixed rates by 10bps, with rates now available from 7.7% for CBTL first-charge five-year fixed, 8.54% for BTL first-charge five-year fixed, and 8.99% for semi-commercial first-charge five-year fixed.
The changes apply across a broad range of products, including commercial and semi-commercial term lending, BTL and consumer BTL.
Together will also now accept the Scottish First Home Fund as a valid deposit source. The new fund was launched by the Scottish Government in June this year to get more first-time buyers onto the property ladder.
Tanya Elmaz, managing director of intermediary sales (pictured above), said: “These changes reflect our ongoing commitment to supporting brokers and customers in a market where flexibility and speed of delivery have never been more important.
“By reducing rates across our fixed range while also expanding our criteria, we’re giving brokers greater confidence and more options to place cases, whether that’s helping first-time buyers access the market through initiatives like the Scottish First Home Fund, or supporting more complex residential, BTL and commercial lending scenarios.”
Keywords: Together, Fixed-rate reductions, Mortgage rates, Buy-to-let (BTL), Consumer BTL (CBTL), Commercial lending, Semi-commercial lending, First-time buyers, Scottish First Home Fund, Lending criteria, Property finance, Mortgage brokers