Below is an update from Together, the Bridging and Commercial Mortgage lender, that you can access via our bridging and commercial mortgage team. Contact our team today for more information or click here to view their product cards.
Announcement
Together Personal Finance – Advanced notice of product changes
As you’re aware our products remain under continuous review and as a result of recent stabilisation of the markets, we are pleased to be able to give advanced notice of an update to the Together Personal Finance proposition. These products will be live in MBV with effect from the start of business on 8th February 2023.
First charge fixed rate product plans
- Reduction to 2 year fixed pricing
o A 25 bps reduction to all residential 2-year first charge fixed rate products.
- Reduction to 5 year fixed pricing
o A 20 bps reduction to all residential 2-year first charge fixed rate products.
Regulated bridging product plans
- Reduction to regulated bridging pricing
o A 14 bps reduction to all regulated bridging products.
Variable rates for ALL products plans
- Repricing of variable products following the recent increase in BoEBR
o A 50 bps increase to all variable rate products i.e. First charge, second charge and consumer buy to let (CBTL).
Our second charge mortgage pricing remains under review.
Pipeline treatment
You will have 2 weeks from the 8th February to submit applications on the previous rates.
- Applications to be submitted with full packaging requirements by 17:00 on 22nd February.
- These cases must offer by 17:00 on 22nd March.
- Any requotes or amendments to existing cases/quotes on, or after 8th February, will have the new rates applied – increases/decreases in rate will apply where applicable.