Together cuts residential and commercial rates by up to 0.75%

Together has reduced rates across its personal and commercial finance product ranges.

The specialist lender is reducing its rates by between 20 and 75 basis points on many of its long and short-term products, both regulated and unregulated.

First charge mortgage rates now start from 8.40% for a five-year fix, a cut of 45bps, on its Prime Plus range for clients without any demerits.

The lender has also reduced rates on its buy-to-let products on both first and second charge. Five-year fixed rates have lowered by 40bps to 7.59% and its second charge five-year fixed buy-to-let products now start at 8.59%.

Marc Goldberg, CEO of sales and distribution at Together, said: “We’re pleased to be able to provide even more support through rate reductions across many of our personal and commercial finance product ranges.

“We are responding to improving conditions in lending markets after a great deal of turmoil over the last few years and are glad to be able to pass on reductions in our own cost of borrowing to our valued partners and their clients.

“As always, we continue to apply our common sense through our flexible criteria. However, these new reduced rates could open the door to more customers, allowing them to achieve their property ambitions.”