Together Update

Changes to our Personal Finance products

Due to the continuing changes across the economic climate we’re having to make some additional changes to our Personal Finance rates:

Personal Finance rate changes

First Charge

• 2-year fixed from 5.79% at 65% LTV
• 2-year fixed from 5.99% at 75% LTV

Second Charge

• 2-year fixed from 6.29% at 65% LTV
• 2-year fixed from 6.49% at 75% LTV

CBTL

• 2-year fixed from 5.89% at 65% LTV
• 2-year fixed from 6.09% at 75% LTV (rate reduction)

CBTL Second Charge

• 2-year fixed from 6.39% at 75% LTV

Regulated Bridge

• From 0.64% at 50% LTV
• From 0.69% at 60% LTV
• From 0.74% at 70% LTV

Full details of our rates can be found in the latest product cards.

Pipeline cases

• Any applications on My Broker Venue using the previous rates must be submitted by close of business on 30th June and must include all packaging requirements.
• If you have any applications using the previous rates and these are re-quoted at any stage, these will update to reflect the new rates from 15th June.

            New Cases

• Any case keyed on to My Broker Venue on or after 15th June, will reflect the new rates.

Flat LAF for Residential First and Second Charge products

We’re introducing a flat Lender Arrangement Fee (LAF) on our Residential First and Second Charge products of £1,495 instead of 2.5%.

Consumer Buy to Let (CBTL) and Regulated Bridge will remain unchanged, keeping the current % fee structure in line with the market.

Reversion rate now not factoring in individual credit risk

To be fair and consistent to all customers, irrespective of any credit blips that may have cleared by the time their fixed rate matures, all Prime Plus, Prime and Progress customers will revert on to the same THMR, plus product margin.

We’ve reduced our reversion rate to 6.72% for First and Second Charge, and 7.06% for CBTL.