Pricing on its regulated first charge loans will start from 8.1% for two-year fixes and 7.74% for five-year fixes. Together’s variable rates now begin from 9.85%. 

Across its regulated second charge range, the lender’s two-year fixed rates will begin from 8.4%, while five-year fixed rates will start from 8.05%. Variable rates across this offering will start from 10.35%. 

For its buy-to-let (BTL) products, rates on Together’s first charge loans will start at 8.49% for a two-year fix and variable rates will begin from 9.24%. The two-year second charge rates will begin at 9.49% and two-year variable rates from 9.99%. 

Marc Goldberg (pictured), CEO of sales and distribution at Together, said: “As the market continues to stabilise, we are delighted to have been able to reduce our rates across a number of our products. Our intermediary partners and customers are key to everything we do at Together, so our priority is supporting them however we can. 

“Relationships with our customers [are] at the heart of our ethos, and we are keen to show that we maintain a healthy appetite for lending, despite the economic turbulence of recent years.”

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He added: “The new rates will give our customers access to opportunity across the market, with many economists expecting a steady downward rate environment over the next few months. 

“The Bank of England’s welcome decision to cut interest rates after a 16-year high has had a positive impact and boosted competitiveness across the market; we are seeing a lot more across the sector. 

“It certainly seems things are improving after the challenging period, and the specialist market in particular appears to be growing faster than the core mortgage market.” 

Together has made other recent changes to its offering, and will now allow cross-charging against an existing BTL security for regulated bridges. 

It has also increased its refurbishment window on bridging loans from four weeks to eight weeks as well as raised the maximum loan size across second charge loans, first and second charge CBTL (consumer BTL) loans and first charge regulated bridging loans. 

Goldberg said: “We remain committed to providing our customers and partners with the solutions they need to achieve their property ambitions, and working towards our goal of becoming the UK’s most trusted lender.”