Together lowers rates on regulated and unregulated bridging loans

By Bridging Loan Directory 19th February 2025

Specialist property lender Together has today reduced rates across its product range by up to 0.25% for term products and lowered bridging rates in response to the Bank of England’s latest base rate cut.

The Bank agreed to reduce its rate by 0.25% to 4.5%, its lowest level for more than 18 months, at a meeting of its Monetary Policy Committee (MPC) earlier this month, a change which was widely expected by markets and reflected in swap rates.

Together has cut interest rates across its full product range to pass these reductions in market rates on to customers.

Rates have been reduced across Together’s full commercial product range including fixed and variable rate Buy-to-Let and Commercial Term products, which have reduced by 0.25% for two year-fixed rate products, 0.15% for five year-fixed rate products, and up to 0.25% for variable rate products.

Variable rate unregulated bridging loan rates have also reduced by 0.02% per month.

For example, the Buy-to-Let product range has new two year fixed rates starting at 8.49% with a 2.5% fee and 6.49% with a 7% fee. The unregulated bridge product range has variable rates starting at 0.91% per month.

In terms of its personal finance offering, reductions have been made to First and Second Charge Mortgages and Consumer Buy-to-Let (CBTL) products, which have reduced by 0.25% for two year-fixed rate products, 0.15% for five year-fixed rate products, and up to 0.25% for variable rate products.

Regulated bridging loan rates have also reduced by up to 0.05% per month.

For example, the Regulated First Charge product range has two year fixed rates starting at 8.25% and five year fixed rates starting at 7.69%.

The regulated bridging loan product range has variable rates starting at 0.85% per month.

The rate reductions will apply from today, February 19^th. Together has updated its online product cards to reflect all its new changes.

Tanya Elmaz, Director of Intermediary Sales, at Together, said:

“The Bank of England’s base rate cut earlier this month and recent changes to market rates will be welcome relief to mortgage borrowers and businesses.

We are pleased to be able to pass on potential savings to our valued brokers and their customers by reducing rates across many of our own flexible finance options.”