Together relaunches fixed rate products
The lender has relaunched its fixed rate personal and commercial finance products, as well as other changes to rates and products.
"We at Together remain committed to working with our partners and supporting intermediaries and their clients in an ever-changing market."
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.”
