Together amends rates across product portfolio

By Bridging Loan Directory 21st November 2024

In line with the current market, property lender Together has made changes to rates for a number of products within its portfolio.

On its personal finance offering, there will be an increase to fixed-rate and discounted first and second charge loans, whilst consumer buy-to-let (CBTL), regulated bridging loans and all standard variable rate products remain unchanged.

For commercial products, buy-to-let (BTL) first charge two and five year fixed term rates, second charge five year fixed rates and fixed homeowner business loans will increase.

All variable rate products, unregulated bridging and commercial term will not change.

Matt Kelly, senior commercial product manager at Together said:

“Following a sustained period of swap rate increases, led by market expectations that the Bank of England base rate will remain higher for longer and reaction to the recent Budget announcement, we have had to take the decision to adjust rates on a number of our products.

We remain committed to helping our customers achieve their property ambitions, and will continue to track the market to further adjust our products accordingly.”