We use cookies to give you the best possible experience on our website. If you continue without changing your settings, we'll assume that you're happy to receive all the cookies on our website. However, you can change your cookie settings at any time.

Your Privacy

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalised web experience.
Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

Strictly Necessary Cookies


These cookies are strictly necessary for the Website to work properly and for us to keep it secure. They are needed to allow users to use the Website and its features, including to move between pages of the website.

These cookies are required

Performance and analytical cookies

These cookies allow us to collect certain information about how a user navigates the Website. These cookies collect information that is used either in aggregate form to help us understand how our site is being used or how effective are marketing campaigns are, or to help us personalise our site for you. We use Google analytics and Bing 1st party cookies and DoubleClick 3rd party cookies for reporting purposes.

Marketing cookies

These cookies are used to make advertising messages more relevant to you. We may use this data to tailor the marketing and ads you see on our own and other websites and mobile apps, including social media.

We’ve launched our new 3.59% mortgage

16 July 2018

We have launched our lowest ever residential mortgage rate to help more borrowers who are finding it difficult to get a home loan from mainstream lenders.

The rate for the new two-year fixed Prime Plus product, is 3.59% is for first charge mortgages up to 75% loan-to-value, and for borrowers wanting to remortgage their properties at up to 70% loan-to-value.

Interest-only and capital repayment options are available and they come with a fixed, non-refundable £1,495 acceptance fee, early repayment charges of between 2% and 3% of the balance outstanding and a 5% overpayment allowance.

The limited edition mortgages are for amounts of between £25,000 and £1 million (loans of between £500,000 and £1million at less than 60% loan-to-value) for standard and “non-standard” properties, which could include apartments on the sixth floor or above, for example.

Self-employed customers, freelancers and contractors, those on zero-hour contracts, retired people and those on benefits, as well as those in full employment may also fit Together’s criteria for its new product, subject to an affordability assessment.

We will consider applications from customers with County Court Judgments (CCJs) which have been settled for at least two years, as eligible for the new rate, as well as borrowers who have missed one first or second charge mortgage payment from more than one year ago. The new product comes with a free standard valuation and lender legals.

Pete Ball, our personal finance CEO, said: “We’ve launched our lowest ever residential mortgage rates in response to what we believe is a strong market demand from would-be customers who may not be able to access mortgages from mainstream lenders for many reasons.

“They could be buying a home of non-standard construction, such as one made predominantly of steel or glass, or an ex-council flat, or be self-employed, for example - all of which could make it more difficult for them to access the finance they need.

“This product rate, with a competitive rate of 3.59% will mean they could get an affordable mortgage – to help them realise their home-owning aspirations.”

The rate is available to direct customers, as well as Together’s mortgage club and network partners, specialist packagers, intermediaries and professional introducers.

The overall cost for comparison is 5.4% APRC representative.

Representative example: A mortgage of £100,000 payable over 18 years initially on a fixed rate for 2 years at 3.59% and then on a tracker rate for the remaining 16 years at 4.73% above the Bank of England Base Rate would require 24 monthly payments of £648.06 and 191 monthly payments of £727.90 plus a redemption administration fee of £150.00.

The total amount payable would be £155,460.24 made up of the loan amount plus interest on the loan (£50,794.61), broker fee (£1,500.00) and arrangement fee (£1,495.00) plus interest on these fees (£1,521.30) and the redemption administration fee (£150.00).

After the fixed term ends, the mortgage payments will revert to a rate of 4.73% plus the Bank of England base rate. Your home may be repossessed if you do not keep up repayments on your mortgage.


Pete Ball