Together has cut rates on the majority of its residential and landlord fixed-rate products by up to 40 basis points.  

The specialist lender says, for personal finance customers, it will reduce loans by 10bps, across its two-year fixed rate range, across first and second charge mortgages, as well as first and second charge consumer buy-to-let loans.  

It adds that across its five-year fixed-rate offers, first charge and consumer BTL first charge loans fall by 40bps, while second charge and consumer BTL second charge loans come down by 25bps.  

Also, unregulated BTL deals will be cut by 20bps across two- and five-year terms.  

The business says that “despite current economic issues” it will not raise rates on any of its bridging products.   

It adds that for personal finance customers, there will be a 25bps rise to variable first and second charge loans, consumer BTL first charge and consumer BTL second charge loans.   

For commercial customers, there will be a 25bps increase to BTL and commercial term variable rate products.  

Together chief executive sales and distribution Marc Goldberg says: “Of particular importance is the decision to keep our rates on bridging finance the same.   

“We are keen to support our customers and partners in any way we can, and by choosing to absorb costs like this we hope it shows that commitment, helping them achieve their outcomes.”