Together ups maximum loan sizes and LTVs on commercial offering

The changes will see maximum loan sizes rise to £5m with LTV’s placed at 70% for purchase and 65% for remortgage products.

The lender’s BTL maximum loan size will also be enlarged from £2.5m to £4.5m.

In addition, the maximum non-standard property LTV will increase from 60% to 65% for all applicable products across commercial and personal finance, including first- and second-charge and BTL mortgages.

For second-charge homeowner business loans, the lender is upping its maximum loan size from £500,000 to £1m up to 70% LTV.

The latest changes follow the lender’s loan book hitting £7.8bn.

Tanya Elmaz, director of intermediary sales at Together (pictured above), commented: “We are committed to constantly innovating our product range to enable us to serve increasing numbers of brokers and customers.

“Through increasing our maximum loan sizes, we are able to offer our award-winning flexible-criteria products, alongside our speed of service, to even more customers.

“Our confidence in the market is demonstrated by our strong appetite to lend, and our ability to provide funding on non-standard properties demonstrates the strength of our underwriting team.”