Together cuts buy-to-let rates

Together has announced rate reductions across its buy-to-let mortgage range.

Rates on Together’s specialist buy-to-let first and second charge products will see a reduction of 26bps across the board. The new rates for first charge five-year fixed mortgages will start at 7.99% with second charge rates from 8.99%, while two-year fixes begin at 8.99% with second charge loans at 9.99%.

The lower rates will be available for customers looking to buy standard and non-standard properties, including 100% residential investment properties, holiday lets and HMOs.

Marc Goldberg, CEO of sales and distribution at Together, said: “We’re really pleased to be able to offer our intermediary partners and customers our new, lower-rate deals from today.
“We’re starting to see some confidence and stability return to the mortgage and property markets after a long period of uncertainty.

"The Bank of England’s decision to hold its base rate at 5.25% has meant swap rates have become less volatile in recent weeks. This has given us the confidence to re-examine our buy-to-let rates following invaluable feedback from our broker partners.

“We’ve supported landlords throughout our business’s 50-year history and will continue to support existing customers. But what we are seeing now is something of a re-set with increasing demand from a new type of landlord. We can help them, as we have with existing customers by offering our common-sense approach as a strategic funding partner to meet their ambitions.”