Specialist lender Together has lowered its rates on first charge buy-to-let mortgages.
The changes take rates 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 (pictured), 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.”