Together has reduced rates across its first charge, second charge and consumer buy-to-let range by up to 205 basis points.

The lender has reduced its first charge rates by up to 130 bps so that these now start from 7.99% for a five-year fixed rate and 8.2% for a two-year fixed.

First charge variable rates start from 10.05%.

It has cut rates on its second charge range by up to 170 bps so that five-year fixes now start from 8.3%, two-year fixes from 8.5% and variable rates from 10.45%.

Consumer buy-to-let deals have reduced by up to 205 bps and now start at 6.95% for a five-year fixed, 7.10% for a two-year fixed.

Second charge consumer buy-to-let deals start from 7.5% for a five-year fix and 7.65% for a two-year fix.

In addition to rate reductions, second charge loans from £30,000 to £50,000 will now be eligible for Together’s lowest rates and will be open to borrowers who have had credit blips in the past.

For smaller loans of £20,000 to £30,000, rates start from 9.35% for a five-year fixed and 10.15% for a two-year fixed.

The maximum LTV for these smaller loans has increased to 75%.

Together director of intermediary sales Tanya Elmaz says: “We are keen to show that we maintain a healthy appetite for lending despite the economic turbulence the market has experienced over the past couple of years.”

She adds: “We’ve listened to feedback from our intermediary partners and made changes in line with what they need.”