Rates on first charge buy-to-let mortgages have been reduced by mortgage lender Together. This takes them below 7%, with LTVs of up to 65%.
Together’s announcement comes after their recent introduction of a new five-year fixed rate buy-to-let mortgage as well as an upping of its maximum loan size to £500,000.
“We’ve seen continued growth in lending for buy-to-let property purchases, and are committed to continually improving our offering,” said Together’s commercial CEO Mark Goldberg, adding that the lender had lowered its rates to help buy-to-let investors with affordability. This comes as buy-to-let investors seek to adapt to the new tax rules on second homes and buy-to-let properties.