Together launch of their Fixed Rate Bridging product.
Product Launch – Unregulated Fixed Rate Bridging
BTL
- Gold Exclusive Residential 1stCharge from 0.90%
- Gold Exclusive Residential 2ndCharge from 1.00%
- Gold Exclusive Commercial 1stCharge from 1.00%
- Residential 1stCharge from 0.95%
- Residential 2nd Charge from 1.05%
- Commercial 1stCharge from 1.05%
In addition to this and with the Monetary Policy Committee announcement. From Friday 24 Together are increasing all their variable rates with immediate effect.
Summary of Variable Rate Changes
BTL
Variable rate increased by 0.26bps
- Gold Exclusive 7.49% to 7.75%
- Specialist BTL 1stcharge 7.99% to 8.25%
- Specialist BTL 2ndcharge 8.99% to 9.25%
- Flexi BTL 1stcharge (up to 3 demerits/foreign nationals/ex-pats) 9.49% to 9.75%
- Flexi BTL 2ndcharge (up to 3 demerits/foreign nationals/ex-pats) 10.49% to 10.75%
Homeowner Business Loan (HOBL)
Variable rate increased by 0.26bps
- HOBL 1stCharge & 2nd Charge 9.49% to 9.75%
Commercial Term
Variable rate increased by 0.26bps
- Gold Exclusive 8.99% to 9.25% (<60% LTV min loan £250k)
- Gold Exclusive 9.49% to 9.75% (<70% LTV min loan £39k)
- Commercial Term 9.99% to 10.25%
Bridging Finance
Variable rate increased by 0.05bps
- Gold Exclusive Residential 1stCharge (from) 0.80% to 0.85%
- Gold Exclusive Residential 2ndCharge (from) 0.90% to 0.95%
- Gold Exclusive Commercial 1stCharge (from) 0.90% to 0.95%
- Residential 1stCharge (from) 0.85% to 0.90%
- Residential 2nd Charge (from) 0.95% to 1.00%
- Commercial 1stCharge (from) 0.95% to 1.00%
Please Note- Minimum Product Fee increased from £800 to £1000 on Bridging Finance
All Fixed Rates remain unchanged
Reminder of funding deadlines
The above rates will apply to any quotes or requotes completed on or after Friday 24th March 2023. Applications at the previous rate will need to complete by Friday 21st April 2023
No exceptions will be made to these dates.