Together reduces fixed rates for personal and commercial finance customers

By Bridging Loan Directory 11th August 2023

Specialist lender Together has today (August 11^th) announced that it will be reducing interest rates on the majority of its fixed rate products.

For the Cheadle-based lender’s personal finance customers, there will be a 10bps decrease to the two-year fixed rate range across first and second charge mortgages, as well as first and second charge consumer buy-to-let (CBTL) loans.

For five year fixed rates, there will be a 40bps decrease in first charge and CBTL first charge loans, and a 25bps decrease for second charge and CBTL second charge loans.

Additionally, for unregulated buy-to-let loans, there will be a 20bps decrease to both two and five year fixed rate products.

Together has also announced that despite current economic issues, it will not be raising rates on any of its bridging loan products.

Marc Goldberg, CEO Sales and Distribution at Together said:

“Together remains committed to achieving the best outcomes for all our customers, and we are pleased to be able to reduce rates on the majority of our fixed products.

Of particular importance is the decision to keep our rates on bridging finance the same. We are keen to support our customers and partners in any way we can, and by choosing to absorb costs like this we hope it shows that commitment; helping them achieve their outcomes.

We all face uncertain times, with the economy in constant flux, and so to be able to reduce our rates on many products is a huge positive. These changes demonstrate our dedication to remaining a leading specialist lender in the 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.”

For personal finance customers, there will be 25bps increase to variable first and second charge loans, CBTL first charge and CBTL second charge loans. For commercial customers, there will be a 25bps increase to buy-to-let and commercial term variable rate products.