Together pilots its lowest ever BTL rate

Published on

Dynamo for Intermediaries is assisting Together with a pilot of the lender’s new semi-exclusive buy-to-let product.

The deal features Together’s lowest ever buy-to-let rate; s a variable rate of 4.99% for loans of £200,000 and above, rising to 5.49% for loans below £200,000. The maximum LTV for all loan sizes is 70%.

A range of property types will be accepted, such as holiday lets, HMOs and student lets (including 100% residential MUFBs). In addition to first time buyers and first time landlords, Together will also accept expats and non-UK nationals for the new product.

Ying Tan (pictured), chief executive of Dynamo for Intermediaries, said: “Together’s recent decision to begin cautiously increasing its lending volumes was warmly welcomed by the industry and we are pleased to be able to strengthen our relationship further by offering our members this new semi-exclusive product.

“We have seen a recent rise in the number of enquiries from would-be landlords both home and abroad as people look to take advantage of the current tax benefits, so the wide range of acceptable client profiles for this product will be particularly appealing.”

Sundeep Patel, head of intermediary sales at Together, added: “It has been a challenging few months for the industry but we have continued to work closely with our key distributors throughout this turbulent period.

“At Together, we’ve spent a lot of time talking to our partners and understanding their needs. Following excellent feedback, we’re delighted to launch our new buy-to-let product to deliver the best possible outcomes for their landlord customers.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Chetwood Bank merges sales teams for ModaMortgages and CHL Mortgages for Intermediaries

Chetwood Bank has merged the sales operations of its two intermediary-facing brands, ModaMortgages and...

UK house prices edge down in May, reports Halifax

UK house prices fell slightly in May, according to the latest Halifax House Price...

Newcastle for Intermediaries expands shared ownership lending

Newcastle for Intermediaries has broadened its shared ownership mortgage offering by opening access to...

The Darlington unveils 95% LTV Rate Reducer for non-London new-build

Darlington Building Society has launched a suite of five-year fixed-rate mortgages offering up to...

Lendco products now live on Mortgage Brain platforms

Specialist buy-to-let lender Lendco has joined Mortgage Brain’s Sourcing Brain and Criteria Brain platforms. The...

Latest opinions

FCA wants to streamline mortgage rules, but advice still matters more than ever

The Financial Conduct Authority wants to simplify the rules around mortgages. In principle, that...

Seven things mortgage lenders can do to help landlords

As a mortgage broker, I receive countless emails from buy-to-let mortgage lenders boasting about...

Are you considering all product options for your customers?

Despite the ups and downs of the world’s money markets, today the UK Mortgage...

Execution-only or (Consumer) Duty of care? The FCA can’t have it both ways

Thankfully, there has been a growing amount of interest and analysis of the FCA’s...

Other news

Chetwood Bank merges sales teams for ModaMortgages and CHL Mortgages for Intermediaries

Chetwood Bank has merged the sales operations of its two intermediary-facing brands, ModaMortgages and...

UK house prices edge down in May, reports Halifax

UK house prices fell slightly in May, according to the latest Halifax House Price...

Newcastle for Intermediaries expands shared ownership lending

Newcastle for Intermediaries has broadened its shared ownership mortgage offering by opening access to...
Advertisement