Cheadle-based specialist lender, Together, has cut the interest rates on the majority of its fixed rate mortgage products for both personal finance and commercial customers.
Despite the Bank of England’s recent rate rise, Together will lower pricing of its two-year fixed mortgages and consumer buy-to-let loans by 0.1 percentage point, and 0.4 percentage points for first charge five-year fixes, which second charge options cut by 0.25 percentage points. Unregulated fixed rate buy-to-let loans will also see their interest rates cut by 0.2 percentage points.
In addition to reducing the interest rates on its fixed rate mortgage products, Together has also confirmed it will not increase interest rates on its bridging products. Variable rates have however increased by 0.25 percentage points.
Marc Goldberg, Together’s CEO of sales and distribution, said:
“Together remains committed to achieving the best outcomes for all our customers, and we are pleased to be able to reduce rates on the majority of our fixed products.
“Of particular importance is the decision to keep our rates on bridging finance the same. We are keen to support our customers and partners in any way we can, and by choosing to absorb costs like this we hope it shows that commitment; helping them achieve their outcomes.
“We all face uncertain times, with the economy in constant flux, and so to be able to reduce our rates on many products is a huge positive. These changes demonstrate our dedication to remaining a leading specialist lender in the market.
“At Together, we always apply our common-sense approach and flexibility to lending, taking into account our customer’s individual circumstances, and providing the right finance to realise their ambitions.”
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