Specialist lender Together has cut its rates on first charge buy-to-let mortgages, taking them below 7%, with loan-to-values of up to 65%.
This follows the lender’s recent announcement of a new five-year fixed rate buy-to-let mortgage and an increase in its maximum loan size to £500,000.
Together’s commercial CEO, Marc Goldberg, said: “We’ve seen continued growth in lending for buy-to-let property purchases, and are committed to continually improving our offering. We’ve lowered our rates to help buy-to-let investors with their affordability calculations as they adapt to the new tax implications, in response to feedback from our broker partners.
“This follows our recent introduction of a five-year fixed rate buy-to-let mortgage, plus an increase in loan size, helping us to meet the demand from brokers. We want to ensure that buy-to-let investors; be they first-time landlords, seasoned property professionals or limited companies, have a broad choice of products with competitive rates.
“We apply our usual common sense approach and review all cases individually, and that’s been a big part of our success in this market, since no two cases are alike.”
Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.