Together cuts fixed rates and expands criteria – The Intermediary

Together has cut rates across its fixed-rate product range and expanded its criteria to support more borrowers.

All 2-year fixed rates have been reduced by 0.25%, and all 5-year fixed rates have been cut by 0.10%.

Rates now start from 7.70% for consumer buy-to-let (CBTL) first charge 5-year fixed, 7.89% for residential first charge 5-year fixed, 8.54% for buy-to-let (BTL) first charge 5-year fixed, and 8.99% for semi-commercial first charge 5-year fixed.

The changes apply across residential first and second charge, BTL and CBTL, as well as commercial and semi-commercial term lending.

Additionally, Together will now accept the Scottish First Home Fund as a deposit source.

Tanya Elmaz (pictured), managing director of intermediary sales, said: “These changes reflect our ongoing commitment to supporting brokers and customers in a market where flexibility and speed of delivery have never been more important.

“By reducing rates across our fixed range while also expanding our criteria, we’re giving brokers greater confidence and more options to place cases, whether that’s helping first-time buyers access the market through initiatives like the Scottish First Home Fund, or supporting more complex residential, buy-to-let and commercial lending scenarios.

“As the market continues to evolve, we’re seeing more borrowers fall outside of vanilla credit profiles, and it’s vital that brokers have access to lenders who can take a common-sense, pragmatic approach.”

Elmaz added: “Our focus is on working in partnership with brokers to understand each case on its own merits, provide certainty of outcome, and ultimately help more customers achieve their property ambitions.”