West One launches new BTL fixed rate products

Published on

West One Loans has launched a new range of two and five-year fixed rate products for landlords.

The limited-edition standard range starts at 4.39% for a two-year fix and 4.54% for a five-year fix.

Meanwhile, landlords buying specialist properties can choose from a two-year fix starting from 4.59% or a five-year fix priced from 4.74%.

The maximum loan size is £1.5m and the rental coverage is assessed against the product pay rate on the five-year range.

West One’s standard range includes portfolio landlords and its specialist range includes HMO/MUFB and property above commercial.

Andrew Ferguson, managing director of West One’s buy-to-let division, said: “These exciting new products are proof of our commitment to giving landlords access to the best possible deals.

“In this fast-paced market, we are continually reviewing our range and making adjustments to improve the products we offer while always maintaining our rigorous underwriting standards.

“Although the economic outlook has improved somewhat in recent months, we are not out of the woods yet.

“Landlords still face plenty of challenges and it’s important that lenders try to ease the pressure where they can, reducing rates when possible and finding solutions for borrowers who may be in need of greater support.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

IMLA backs FCA roadmap on mortgage rule review

The Intermediary Mortgage Lenders Association (IMLA) has described the Financial Conduct Authority’s (FCA’s) Feedback...

Borrowers moved early as rate cut expectations built, Twenty7tec data shows

Mortgage search activity reached its highest level of the month on 9 December, nine...

AdviceTech ‘giants’ join AdviserSoftware.com AI comparison service

Three of the UK’s most widely used adviser technology systems – Dynamic Planner, FE...

Somo cuts bridging rates after Bank of England move

Somo has moved quickly to cut rates across its bridging range following the Bank...

Bridging finance momentum shows up in Knowledge Bank broker search data

Broker search behaviour on Knowledge Bank suggests bridging finance is playing an increasingly central...

Latest publication

Other news

IMLA backs FCA roadmap on mortgage rule review

The Intermediary Mortgage Lenders Association (IMLA) has described the Financial Conduct Authority’s (FCA’s) Feedback...

Borrowers moved early as rate cut expectations built, Twenty7tec data shows

Mortgage search activity reached its highest level of the month on 9 December, nine...

AdviceTech ‘giants’ join AdviserSoftware.com AI comparison service

Three of the UK’s most widely used adviser technology systems – Dynamic Planner, FE...