Together cuts fixed rates and expands first-time buyer criteria

Together has reduced rates across both residential and commercial products, alongside a criteria enhancement aimed at first-time buyers.

All two-year fixed rates have been reduced by 25bps and all five-year fixed rates by 10bps, with five-year rates now available from 7.70% for consumer buy-to-let first charge products, 7.89% for residential first charges, 8.54% for buy-to-let first charges, and 8.99% for semi-commercial first charges.

Together will also now accept the Scottish First Home Fund as a valid deposit source. The new fund was launched by the Scottish Government in June this year to get more first-time buyers onto the property ladder.

Tanya Elmaz, managing director of intermediary sales at Together, said: “These changes reflect our ongoing commitment to supporting brokers and customers in a market where flexibility and speed of delivery have never been more important

“By reducing rates across our fixed range while also expanding our criteria, we’re giving brokers greater confidence and more options to place cases, whether that’s helping first-time buyers access the market through initiatives like the Scottish First Home Fund, or supporting more complex residential, buy-to-let and commercial lending scenarios.

“As the market continues to evolve, we’re seeing more borrowers fall outside of vanilla credit profiles, and it’s vital that brokers have access to lenders who can take a common-sense, pragmatic approach.

“Our focus is on working in partnership with brokers to understand each case on its own merits, provide certainty of outcome, and ultimately help more customers achieve their property ambitions.”