Together has announced that it has launched a new proposition offering lower buy-to-let rates to portfolio landlords with two or more properties seeking finance of more than £1million.
The specialist lender designed the offer to support intermediaries whose clients have faced rising rates, mounting tax pressures and the fallout from the Renters' Rights Act in recent years. Portfolio landlords who remain committed to the rental market can use the proposition to restructure their holdings, building greater resilience and focusing on longer-term planning rather than reacting to short-term pressures.
The new deal undercuts Together's standard buy-to-let products and bundles in several practical simplifications for landlords managing multiple properties:
- Lower than standard BTL rates, starting at 4.69% on a first charge, two-year fixed basis
- A single monthly payment across the entire portfolio via one direct debit
- One affordability assessment and one maturity date
- One personal guarantee covering the whole portfolio
The proposition applies to loans over £1million and is available across both first and second charge buy-to-let products. Together offers automated valuation models on any fully residential property within a portfolio, and the structure allows brokers to put together funding solutions that include non-standard or mixed asset types, regardless of overall portfolio size.
Second charge pricing sits just 25 basis points above first charge rates for portfolio landlords, while lender arrangement fees run on a sliding scale to give borrowers more flexibility over monthly repayments.
Together, whose loan book now stands at £8.4billion, has seen rising demand for loans over £1million as landlords navigate higher rates and tax increases. The lender has also noted a marked jump in enquiries from landlords looking to optimise their portfolios through structured finance, reflecting a broader shift towards more efficient funding models.
"We know from the feedback that we've had from brokers that landlords are proactively seeking innovative ways to maximise future opportunities, moving away from individual property loans and turning to lenders who can restructure debt at a portfolio level," said Russell Anderson, chief strategy director at Together.
"The move is a clear signal to lenders that those able to help with complex financial solutions will be best placed to offer the added levels of support that landlords seek from their finance partner. We're pleased to launch our new portfolio proposition at a lower rate than our standard BTL products across first and second charges to allow landlords to release equity across their assets to grow their portfolios."
