Specialist lender Together has reduced rates across its fixed-rate product range and announced it will now accept the Scottish First Home Fund as a valid deposit source.

The new fund was launched by the Scottish Government in June this year to get more first-time buyers onto the property ladder.

The rate reductions are across both residential and commercial products. All two-year fixed rates have been reduced by 25bps and all five-year fixed rates by 10bps.

Rates are now available from 7.70% for consumer buy-to-let first charge five-year fixed, 7.89% for residential first charge five-year fixed, 8.54% for buy-to-let first charge five-year fixed, and 8.99% for semi-commercial first charge five-year fixed.

The changes apply across a broad range of products, including residential first and second charge, buy-to-let and consumer buy-to-let, as well as commercial and semi-commercial term lending.

Tanya Elmaz, Managing Director of Intermediary Sales said: “These changes reflect our ongoing commitment to supporting brokers and customers in a market where flexibility and speed of delivery have never been more important.

“As the market continues to evolve, we’re seeing more borrowers fall outside of vanilla credit profiles, and it’s vital that brokers have access to lenders who can take a common-sense, pragmatic approach.

“Our focus is on working in partnership with brokers to understand each case on its own merits, provide certainty of outcome, and ultimately help more customers achieve their property ambitions.”