Specialist lender Together has lowered interest rates across a range of products including right to buy - and it’s making a bid to win business from so-called ‘accidental landlords’.
Together has updated its consumer buy to let product range to help clarify its offering and support those customers who find themselves in the position of an accidental landlord who lets out while awaiting the sale of their property.
“As a specialist lender, we assist customers who may not be able to access finance on the high street, for a variety of reasons; ranging from the self-employed to those with a less-than-perfect credit profile or an unusual property type” says Pete Ball, personal finance chief executive at the lender.
“The changes we’ve introduced include our lowest ever variable rate for right-to-buy customers and significant reductions on our five-year fixed mortgages” he adds.
Competition between buy to let owners has sharpened in recent months, despite the additional restrictions imposed by the Prudential Regulation Authority on lending to portfolio landlords - those with four units or more.