BTL rates cut at Together

"We’ve listened to the brokers we work closely alongside and, using our philosophy of common sense lending, have lowered our rates and simplified the process for intermediaries submitting portfolio landlord cases"

The lender confirmed that the new rates are for its prime capital repayment customers at under 65% LTV and to 6.49% for those with higher LTVs.

According to Together, there have also been reductions for customers making interest-only repayments, with a new rate of 6.49 below 65% LTV, and 6.99% for LTVs of 65% or more.

Following feedback from intermediaries, Together has also moved all portfolio landlord cases onto its standard product, making it easier for brokers to source the best products through its online portal, My Broker Venue. In addition, the specialist lender has no restriction in overall portfolio value or volume.

Marc Goldberg, commercial CEO at Together, said: “As one of the UK’s leading buy-to-let specialist lenders we are committed to supporting landlords looking to grow their portfolios in a more ‘professional’ era for the market.

We’ve listened to the brokers we work closely alongside and, using our philosophy of common sense lending, have lowered our rates and simplified the process for intermediaries submitting portfolio landlord cases. This will create a more straightforward mortgage process and give brokers the confidence that the application will go through with no issues.”