Together increases buy-to-let, remortgage and bridging LTVs
The change expands the lender’s criteria to meet a wider range of borrowing scenarios.
Together has announced an increase in LTV limits across several of its key product lines.
The maximum LTV for buy-to-let remortgages and second charge loans is increasing from 70% to 75%.
The same rise applies to regulated first charge remortgages, as well as unregulated residential bridging refinance loans up to £1 million.
Tanya Elmaz, managing director of intermediary sales at Together, said: “We’re always looking for ways to evolve our offering in line with customer needs and market conditions. These changes will help more people access the finance they need, whether they’re refinancing, investing, or transitioning from a bridging loan.
“Increasing the LTV for buy-to-let remortgages to 75% is particularly significant, as it enables more customers to exit bridging loans, aligning the remortgage LTV with Together’s bridging LTV and creating a smoother transition for property investors.
“It’s another step in our mission to provide lending solutions to every case brought to us, helping more people achieve their property ambitions.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
CHL Mortgages
CHL enhances bridging range with AVMs and enhanced adverse credit criteria
Housing Market
July housing transactions dip 2% amid 'cautious market': HMRC