Together is lowering rates on its buy-to-let mortgage range.
The interest rate on its buy-to-let light plan will be reduced by 0.65 percentage points, available for loans of up to £400,000, with a 70% loan to value.
This follows news that it was removing the maximum age limit and increasing maximum loan size.
Gary Bailey (pictured), Together’s sales director, said: “Tax and regulatory changes made by the government haven’t been in the favour of landlords recently, yet buy-to-let is still a thriving market with savvy investors being undeterred. Here at Together, we’re continually improving our offering to ensure we have a wide range of products to suit different customers’ needs and this latest reduction follows a raft of recent changes to our buy-to-let range.
“Our products are aimed at customers that are underserved by mainstream lenders and typically fall outside that target market. For instance, they may have a less-than-perfect credit score, but that shouldn’t prevent them having the opportunity to invest in property. This reduction, which applies across both first and second charge loans, will mean that those who have had some adverse credit in the past year can also benefit from lower, competitive rates.”