Together reduces residential and buy-to-let rates by up to 0.40%

Together has reduced interest rates across the majority of its fixed rate mortgage products.

For personal finance customers, there will be a 10bps decrease to the two-year fixed rate range across first and second charge mortgages, as well as first and second charge consumer buy-to-let loans.

For five year fixed rates, there will be a 40bps decrease in first charge and consumer buy-to-let first charge loans, and a 25bps decrease for second charge loans.

Additionally, for unregulated buy-to-let loans, there will be a 20bps decrease to both two and five-year fixed rate products.

Together has also announced that it will not be raising rates on any of its bridging products.

For personal finance customers, there will be 25bps increase to variable first and second charge loans and consumer buy-to-let first and second charge loans. For commercial customers, there will be a 25bps increase to buy-to-let and commercial term variable rate products.

Marc Goldberg, CEO of sales and distribution at Together, said: “Together remains committed to achieving the best outcomes for all our customers, and we are pleased to be able to reduce rates on the majority of our fixed products.

“Of particular importance is the decision to keep our rates on bridging finance the same. We are keen to support our customers and partners in any way we can, and by choosing to absorb costs like this we hope it shows that commitment; helping them achieve their outcomes.

“We all face uncertain times, with the economy in constant flux, and so to be able to reduce our rates on many products is a huge positive. These changes demonstrate our dedication to remaining a leading specialist lender in the 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.”