The maximum LTV for regulated first charge remortgages, as well as unregulated residential bridging refinance loans up to £1million is increasing from 70% to 75%.
The same rise applies to the maximum LTV for BTL remortgages and second charge loans.
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Tanya Elmaz, managing director of intermediary sales at Together said: “We’re always looking for ways to evolve our offering in line with customer needs and market conditions. These changes will help more people access the finance they need, whether they’re refinancing, investing, or transitioning from a bridging loan.
“Increasing the LTV for BTL remortgages to 75% is particularly significant, as it enables more customers to exit bridging loans, aligning the remortgage LTV with Together’s bridging LTV and creating a smoother transition for property investors.
“It’s another step in our mission to provide lending solutions to every case brought to us, helping more people achieve their property ambitions.”
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