"In the current climate, following Brexit and the general uncertainty it has prompted, customers are looking to secure their rates so they know firmly where they stand."
Together says it has launched the product to give customers more options following the uncertainty of Brexit.
The mortgage is available on repayment or interest-only up to 75% LTV, with the actual rate available depending on client circumstances.
Loans are available up to £250,000, and above this amount by referral up to 60% LTV.
Newly-appointed chief executive of Together’s retail division, Pete Ball, commented: “We’re constantly improving and expanding our product offering and in the current climate, following Brexit and the general uncertainty it has prompted, customers are looking to secure their rates so they know firmly where they stand.
“We consider a variety of income sources, including employed, self-employed and pension income, and apply our common sense philosophy to each and every lending decision, looking at the individual circumstances rather than a rigid credit score, even if the customer has an impaired credit profile.
“We’re offering both repayment and interest-only options on the five-year fixed rate product and there are no early redemption charges; meaning customers can exit at any time without penalties. Our strong financial position means we’re well-poised to navigate any fallout from the vote to leave the EU, and by introducing new products like this, we can support our broker partners and ensure that customers are getting the peace of mind they’re looking for.”
