Together lowers rates on BTL range

Together has reduced rates on its range of buy-to-let (BTL) mortgages and simplified its process for brokers when submitting portfolio landlord cases.

The specialist lender has lowered rates to 5.99% for its prime capital repayment customers at under 65% LTV and to 6.49% for those with higher LTVs.

Reductions have also been made for customers making interest-only repayments with a new rate of 6.49% below 65% LTV and 6.99% for LTVs above 65%.

The changes follow feedback from its intermediary partners with Together also making it easier for brokers whose customers are looking to finance their BTL properties.

The lender has moved all portfolio landlord cases on to its standard product, making it easier for brokers to source the best products through its online portal My Broker Venue.

“As one of the UK’s leading buy-to-let specialist lenders, we are committed to supporting landlords looking to grow their portfolios in a more ‘professional’ era for the market,” said Marc Goldberg, commercial CEO at Together (pictured above).

“We’ve listened to the brokers we work closely alongside and – using our philosophy of commonsense lending – have lowered our rates and simplified the process for intermediaries submitting portfolio landlord cases.

“This will create a more straightforward mortgage process and give brokers the confidence that the application will go through with no issues.”

The rate and process changes are among a raft of improvements to Together’s BTL products, with the lender also increasing LTVs to 60% for loans up to £2m.

The interest-only maximum term has also been increased to 30 years to align with capital repayment maximum loan terms and rates for second charge loans have been reduced in line with Together’s first charge BTL products.

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