Together has cut rates on its specialist mortgages and bridging loans.
The lender has repriced its five-year fixed-rate mortgages to 5.99% on capital repayment and 6.49% on interest-only home loans.
Regulated bridging loans have seen rates cut from 0.65% to 50% LTV and 0.75% to 70% LTV, while the lender has launched a new consumer buy-to-let (CBTL) five-year fixed-rate product at 6.99%.
Sundeep Patel, director of sales at Together, said: “The residential property market has remained buoyant, despite the challenges of Covid, and we’ve updated our offering to provide more options for borrowers buying a new home or refinancing their existing house, or for those looking to seize an opportunity to invest in rental property.
“We anticipate that the residential buy-to-let market will return to health post-Covid and believe that holiday lets will prove attractive to investors as the popularity of UK staycations increases once lockdown is lifted.”
Together has upped LTVs on its buy-to-let and specialist holiday let products by 0.05% to 75% LTV for residential purchases and 70% for refinancing residential properties.
The LTVs on Together’s second charge Buy-to-Let has also been increased from 65% to 70%.
This post has originally been featured in Property Wire.