Together relaunches two and five-year commercial products

Together has relaunched its two-year fixed rate commercial and personal finance products.

The specialist lender has re-introduced two-year fixed personal finance products alongside two-year fixed rate buy-to-let mortgages, both on first and second charge.

Together’s two year fixed-term personal mortgage rates start at 8.45% (first charge at 65% LTV) and 8.95% (second charge at 65% LTV), mirroring the rates of its standard buy-to-let two-year fixed product range on both first and second charge.

It has also brought back its five-year commercial mortgage, which was withdrawn in response to market volatility following the former Chancellor’s mini-budget in September.

The rates for its re-introduced five year fixed commercial term products start at 10.49%, at a maximum LTV of 70% on properties valued at up to £2.5 million.

Meanwhile, rates have been lowered on Together’s five-year fixed first charge, second charge, and buy-to-let mortgage ranges.

Five-year fixed mortgage rates have been lowered from 8.75% to 8.45% (first charge at 65% LTV) and from 9.35% to 8.65% (second charge at 65% LTV). The rates have been reduced by the same amount for Together’s standard and second charge five-year buy-to-let products.

Ryan Etchells, director of products and distribution at Together, said: “We’re delighted to be able to relaunch our two-year fixed-rate products to support intermediaries and their clients in an ever-changing market.

“The uncertainty during a challenging period immediately after the mini-budget has now subsided, giving us the confidence to re-introduce Together’s two year fixed-rate mortgages. In addition, we’ve lowered rates on the five year fixed products we brought back to market in October.

“We always apply our common-sense approach to lending – whether to businesses or individuals - and a flexibility which takes into account clients’ individual circumstances, to provide the right finance to realise their ambitions.”