Together has re-launched its fixed-rate personal and commercial finance products designed for clients who the lender believes are underserved by mainstream lenders.
It has re-introduced its first and second charge five-year fixed personal finance products and its five-year fixed rate buy-to-let (BTL) products, both on first and second charge.
Its five-year fixed home owner business loan product has also returned for clients seeking a loan secured against their home to raise capital for commercial purposes.
Rates for Together’s five-year fixed-term mortgage range will start at 8.75% for 65% loan-to-value (LTV), with secured loans starting at 9.35% for 65% LTV.
Meanwhile, the lender’s BTL products start at 8.75% for first charge and 9.75% on second charge.
Rates for home owner business loans start at 9.75%
Together says first-time buyers, home movers and remortgage clients, who have typically been unable to access finance from the high street because they have ‘non-standard’ borrowing requirements may be eligible for the re-launched products.
Together director of products and distribution Ryan Etchells says: “Our common-sense approach to lending allows us to be more flexible to take account of clients’ individual circumstances and have a large appetite to lend the right kind of finance they need to realise their property ambitions.”
According to a survey by the specialist lender, 33% had never applied for a mortgage with issues such as saving for a deposit (32%) and concerns about affording monthly payments (17%) named as key roadblocks to homeownership, particularly in the current inflationary environment.
It also found that more than half, 57%, of homeowners have also been impacted by the cost-of-living crisis affecting the affordability of their current mortgage.
