Together has added a new second charge fixed rate mortgage to its product range, cut the rate on its five-year fix and increased the maximum LTV available from 70 per cent to 75 per cent.

The limited edition Prime Plus two-year fix has a rate of 4.29 per cent for capital repayment at 4.79 per cent for interest-only.

Together has also added cut the rate on its second charge five-year fix to 4.99 per cent for capital repayment and 5.49 per cent for interest-only.

Both products are available at the maximum LTV of 75 per cent.

Together director of sales Sundeep Patel says: “We expect demand in the second charge market to grow significantly throughout this year and are refreshing our product offering to help our intermediary partners’ clients achieve their ambitions.

“These changes may help borrowers who have been locked out by high street lenders. Self-employed customers, freelancers and contractors, those on zero-hour contracts, retired people and those on benefits, as well as those in full employment, may also fit Together’s criteria for our second charge products, subject to affordability assessments.”