Together relaunches fixed rate products

Together has relaunched its fixed rate personal and commercial finance products, including first and second charge five-year fixed rate buy-to-let products on first and second charge.

The lender has also brought back its five-year fixed home owner business loan product for clients seeking a loan secured against their home to raise capital for commercial purposes.

Rates for Together’s five year fixed-term mortgage range will start from 8.75% at 65% LTV, with secured loans starting at 9.35%. Its buy-to-let products start at 8.75% for first charge and 9.75% on second charge. Rates for home owner business loans start at 9.75%.

First-time buyers, home movers and remortgage clients with ‘non-standard’ borrowing requirements are eligible for the relaunched products, including older borrowers, self-employed workers, those on zero-hour contracts or with complex income streams.

The lender accepts those with ‘non-standard’ income sources such as self-employed company directors with complex incomes or bonus structures, pensioners, or workers taking incomes from second jobs, those still on a probationary period after starting a new role, or on short term or zero hour contracts, or benefits.

Its offering also supports those in buying situations such as shared ownership or right to buy; borrowers with thin or impaired credit, or those who are buying an unusual property, such as a thatched cottage, a high-rise flat, or semi-commercial property, for example.

For self-employed applicants, Together is willing to consider applications from those with a minimum of 12 months of trading accounts, and is also able to use projected income to assess affordability.

Ryan Etchells, director of products and distribution at Together, said: “As ever, we at Together remain committed to working with our partners and supporting intermediaries and their clients in an ever-changing market.

“Our common-sense approach to lending allows us to be more flexible to take account of clients’ individual circumstances and have a large appetite to lend the right kind of finance they need to realise their property ambitions.”