New products aimed at expats and a simplified buy-to-let range have been launched by specialist lender Together.
The hatful of changes to its buy-to-let range include lower rates, quicker online applications for brokers and new products targeted towards Britons living elsewhere.
“As a specialist in buy-to-let mortgages, we continually review and update our products to ensure they meet the needs of customers, with processes that are easy-to-use for our broker partners,” said Mark Goldberg, Commercial CEO at Together.
“As well as lowering rates on selected buy-to-let products, we’ve removed valuation banding and improved the online journey for applications, so that brokers have a clear understanding of what’s on offer and can submit cases with ease, to get a swift decision.”
He added: “We believe these improvements will help us to expand our buy-to-let business in 2017, in line with our commercial growth strategy.”
Together has seen rising demand for buy-to-let from expats, with some seeing Brexit as an ideal opportunity to invest in property. While Together generally operates in niche, carefully targeted markets, it was keen to provide an offering for this emerging desire from expats for buy-to-let mortgages.
The new rates for expats – as well as those without rights to reside in the UK – are available via My Broker Venue, Together's online portal.
As part of its buy-to-let growth plans, Together recently announced the appointment of Mareeza Mitri as a commercial buy-to-let manager.