Together has unveiled new five-year fixed buy-to-let mortgage.
Meanwhile, the maximum loan size has been increased to £500,000.
Marc Goldberg (pictured), Together’s commercial CEO, said: “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.”
