Together cuts regulated bridging loan rates
Specialist lender Together has today (February 8th) announced that it will be reducing its rates for its mortgage and regulated bridging products.
The Cheadle-based lender will be reducing the rates on its fixed first charge mortgage range by up to 25bps and its monthly regulated bridging rates by 14bps.
A spokesman for Together said the move would help broker clients facing rapidly-rising cost of living during a period of economic uncertainty, by providing a more affordable range of products.
Its first charge two year fixed products will now be available from 8.20%, and five year fixed from 7.95%. regulated bridging loan rates will start from 0.85% per month.
Ryan Etchells, Director of Product and Distribution at Together said:
“We’re pleased to be able to reduce our rates across our mortgage and regulated bridging ranges, to meet the needs of customers who have likely been underserved by mainstream lenders.
In addition to offering fair value and better customer outcomes, we want to offer our broker partners a more competitive product range.
These changes are also designed to demonstrate our commitment to remaining a leading lender in the regulated bridging 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.”
All fixed rates for second charge loans and consumer buy-to-let loans will remain unchanged.