Together has reduced rates across parts of its bridging and first charge product ranges as specialist lenders continue competing aggressively for business in a market increasingly driven by speed, flexibility and pricing certainty.
The lender confirmed a 2bps reduction across selected unregulated bridging products, with headline rates now starting from 0.83%.
The changes are aimed primarily at improving affordability within lower loan-to-value bands on loans above £100,000, reflecting growing competition across the short-term lending sector as swap rate volatility begins to ease.
Together’s unregulated bridging proposition is available on loans ranging from £26,000 to £5m across residential, commercial and semi-commercial property, with products also available for expats and non-UK residents.
DUAL REP
The lender said the product includes dual solicitor representation on qualifying cases to help accelerate completions – an increasingly important differentiator in a market where transaction speed remains critical.
Alongside the bridging reductions, Together also cut pricing across parts of its regulated first charge retention range for existing customers, including a 55bps reduction on selected two-year fixed rates.
For the bridging market, the move reflects a broader trend of lenders selectively repricing products as funding costs stabilise and competition for quality business intensifies.
While volatility across swap markets and wider economic uncertainty continue to influence pricing strategy, lenders are increasingly looking to balance margin management with maintaining flow in a slower transactional environment.
IMPROVING AFFORDABILITY
Tanya Elmaz (main picture), managing director of intermediary sales at Together, says: “In a market where certainty, speed and flexibility are key, these latest changes demonstrate our ongoing commitment to supporting brokers and their clients.
“By reducing rates across both our unregulated bridging and regulated first charge retention products, we’re improving affordability and ensuring our offering remains competitive and relevant.
“Our focus remains on being a dependable long-term partner, providing clear pricing, flexible lending and the confidence brokers need to deliver the best possible outcomes for their customers.”
The reductions come as specialist lenders continue positioning themselves for sustained demand from borrowers navigating refinancing pressure, complex transactions and stricter mainstream lending conditions.
