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Together Launches New Specialist Buy-to-Let Range
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Together has launched a new, specialist buy-to-let product range, created to support property investors as they expand their portfolios.
Together Launches New Specialist Buy-to-Let Range
The finance provider has also increased its maximum loan size to £2m.
Aimed at landlords and investors with multiple properties, as well as those looking to secure finance on Houses in Multiple Occupation (HMOs) and semi-commercial properties, the new, specialist buy-to-let range is tailored for complex situations, and applies across both first and second charge loans.
The higher loan size of £2m is available for first charge applications on both the standard and specialist buy-to-let products, and spans most property types.
The maximum loan size for second charge has also been increased to £500,000.
The Commercial CEO of Together, Marc Goldberg, says: “We’re seeing continued demand for buy-to-let lending, with an increase of 44% in 2016, so we’ve developed this new product range to support property investors as they build their portfolios. As a leading buy-to-let lender, we’re committed to improving and enhancing our products in line with market needs, and our increased loan size of £2m is reflective of the growing demand for larger loans.
“The buy-to-let sector is in a period of transition and, whilst there are a lot of changes taking place, it’s also an exciting time for the market as it adapts and evolves. In fact, we’re seeing that long-term investors are not being deterred, but are perhaps focusing on lower loan-to-values and using larger deposits to take the various changes into account.”
He continues: “We’re very much committed to growing our buy-to-let business and have a dedicated team in this area whose knowledge of the market is second-to-none. We look at applications from all types of customers, including limited companies, and apply our common-sense philosophy to each lending decision. Our recent growth in this area is a clear indication of our success, and we hope that this will continue as we move forward.”
A recent study by Mortgages for Business suggests that landlords still have an appetite for future property investments – Together’s new, specialist buy-to-let range may have come at the right time!
