Specialist lender Together has reduced its residential and buy-to-let mortgage rates.

It has brought back its lowest rate of 3.59% for its two-year fixed Prime Plus mortgage product for capital repayment, and 4.09% for interest-only as it returns to pre-Covid lending volumes.

Together’s five-year fixed Prime Plus mortgage, which had initially been a limited edition product, is now available to the whole of the market on a permanent basis. The headline rates for the five-year fixed are 4.99% for capital repayment and 5.49% for interest-only.

In addition, the specialist finance firm has introduced its lowest ever rate of 4.99% on its standard buy-to-let  and consumer buy-to-let first charge products, and 5.99% across buy-to-let and consumer buy-to-le second charge products.

Pete Ball (pictured), personal finance CEO at Together, said: “We’re delighted to be able to re-launch our lowest ever residential mortgages in response to a strong market demand from potential borrowers who may not be able to access loans through mainstream channels.

“The residential property market has performed incredibly well during the Covid-19 crisis, boosted by the government support through stamp duty tax breaks. However, as this help starts to taper out, there will be many borrowers who are in the market for more competitive mortgage products to meet their individual circumstances – and to help them realise their home-owning ambitions.”

The mortgages are for amounts of between £50,000 and £500,000 at up to 75% LTV (up to £1 million up to 60% LTV) and are for standard and non-standard properties.