Together has reduced rates across its product range by up to 0.25% for term products and lowered bridging rates in response to the Bank of England’s latest base rate cut.

Rates have been reduced across the specialist lender’s full commercial product range including fixed and variable rate buy-to-let and commercial term products.

These have lowered by 0.25% for two year-fixed rate products, 0.15% for five year-fixed rate products, and up to 0.25% for variable rate products.

In addition, variable rate unregulated bridge rates have also reduced by 0.02% per month.

The BTL product range has new two year fixed rates starting at 8.49% with a 2.5% fee and 6.49% with a 7% fee.

The unregulated bridge product range has variable rates starting at 0.91% per month.

Reductions have also been made to the lender’s personal finance offering on first and second charge mortgages and consumer BTL products.

These have been cut by 0.25% for two year-fixed rate products, 0.15% for five year-fixed rate products, and up to 0.25% for variable rate products.

Regulated bridging rates have also reduced by up to 0.05% per month.

The regulated first charge product range has two year fixed rates starting at 8.25% and five year fixed rates starting at 7.69%. The regulated bridge product range has variable rates starting at 0.85% per month.

Together director of intermediary sales Tanya Elmaz says: “The Bank of England’s base rate cut earlier this month and recent changes to market rates will be welcome relief to mortgage borrowers and businesses.”

“We are pleased to be able to pass on potential savings to our valued brokers and their customers by reducing rates across many of our own flexible finance options.”

Meanwhile, Atom bank has reduced rates across its near prime residential mortgage range.

The lender’s rates on the range have been cut by up to 0.20% with near prime mortgages available at up to 85% loan-to-value (LTV).

Rates on two-year fixes for near prime customers begin at 5.69%, while three-year fixes start at 5.54% and five-year fixes begin from 5.34%.

The near prime range includes fee-free mortgage products, as well as those with an arrangement fee of £900.

Atom bank head of intermediary distribution David Castling says: “We are certain that brokers and their clients will welcome these rate reductions.”

“The cuts mean that Atom bank’s Near Prime range remains among the most competitive in the market in terms of price and flexibility, providing a greater range of affordable options to those who may have experienced a short-term credit blip.”