New 5 year BTL fix launches at Together

Together has announced today that it has launched a new five-year fixed buy-to-let product that aims to give landlords and property investors the opportunity to fix their costs.

Related topics:  Finance
Warren Lewis
21st October 2016
Together

The specialist lender also confirmed that the maximum loan size has been increased to £500k.

Marc Goldberg, Together’s commercial CEO, had this to say: “We’re constantly developing and improving our product offering in line with customers’ needs and feedback from our brokers. Buy-to-let has proved to be a resilient sector this year, despite the tax changes introduced by the Government. In fact, according to one recent industry report, buy-to-let saw a 19% surge in September.

Buy-to-let lending continues to perform well for us here at Together, and we’ve been able to grow whilst maintaining a high quality customer base. Given this growth, we want to ensure that we offer a variety of products to meet the continued demand. Our new fixed-rate product, as well as bigger loan sizes, will help us deliver more funding to property investors, through our network of broker partners.

We offer both interest-only and repayment options, with loan-to-values of up to 75%, and we’ll accept projected rental incomes, so landlords don’t need to have a tenancy already in place to secure the funding needed. We also lend to limited companies, and have seen an increase in applications from limited companies for buy-to-let funding, as a result of the various tax hikes.”

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