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
Our rates are changing.
We’re increasing some of our rates across our Personal and Commercial Finance product range.
Following on from the recent budget announcement on 30th October 2024 and a sustained period of swap rate increases, some of our product rates are now increasing.
Personal finance rate increases.
From 20th November 2024 our new rates will be:
Regulated First Charge:
- 2yr Fixed rates from 8.50%
- 2yr Discounted rates from 9.05%
- 5yr Fixed rates from 7.84%
Regulated Second Charge:
- 2yr Fixed rates from 8.99%
- 5yr Fixed rates from 8.35%
- 2yr Fixed Smaller Loans from 11.50%
- 5yr Fixed Smaller Loans from 9.85%
- 2yr Discounted rates from 9.74%
Pipeline management.
The new rates will apply to any applications that are quoted or re-quoted in My Broker Venue from 20th November 2024. Any applications currently in progress will need to be submitted by 4th December 2024 to avoid the rate change, and these cases need to be progressed to offer by 18th December 2024.
Commercial finance rate increases.
From 20th November 2024 our new rates will be:
BTL First Charge:
- 5yr Fixed rates from 8.09% (2.5% Acceptance Fee)
- 5yr Fixed rates from 7.19% (7% Acceptance Fee)
- 2yr Fixed rates from 8.49% (2.5% Acceptance Fee)
- 2yr Fixed rates from 6.49% (7% Acceptance Fee)
BTL Second Charge:
- 5yr Fixed Rates from 9.09% (2.5% Acceptance Fee)
- 5yr Fixed Rates from 8.14% (7% Acceptance Fee)
HOBL First & Second Charge:
- 5yr Fixed rates from 10.20%
Pipeline management.
The new rates will apply to any applications that are quoted or re-quoted from 20th November 2024. Any applications not yet submitted in My Broker Venue will need to reflect the new rates. Submitted applications at the previous rate must be funded by 18th December 2024