Together cuts rates on mortgage and bridging products
Together said the move would help broker clients facing rapidly-rising cost of living during a period of economic uncertainty.
"We’re pleased to be able to reduce our rates across our mortgage and regulated bridging ranges"
Together has reduced rates on its mortgage and regulated bridging products.
Rates on its fixed first charge mortgage range have reduced by up to 25bps and its monthly regulated bridging rates by 14bps.
Its first charge two-year fixed products will now be available from 8.20%, and five-year fixed from 7.95%. Regulated bridging loan rates will start from 0.85% per month.
Ryan Etchells, director of product and distribution at Together, said: “We’re pleased to be able to reduce our rates across our mortgage and regulated bridging ranges, to meet the needs of customers who have likely been underserved by mainstream lenders.
“In addition to offering fair value and better customer outcomes, we want to offer our broker partners a more competitive product range. These changes are also designed to demonstrate our commitment to remaining a leading lender in the regulated bridging market.
“At Together, we always apply our common-sense approach and flexibility to lending, taking into account our customer’s individual circumstances, and providing the right finance to realise their ambitions.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Lloyds
Lloyds Banking Group launches £5,000 deposit mortgage
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
FCA
FCA bans and fines director £755,000 for advice and insurance failures
Bank Of England
Bank of England holds interest rates at 3.75% in 8-1 vote
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
Nationwide
Nationwide cuts mortgage rates by up to 0.36%