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

Foundation launches limited-edition buy-to-let fixes at 75% LTV

Foundation has launched two limited-edition buy-to-let fixed-rate products for landlord borrowers at 75% loan-to-value. The...

Bailey signals Bank Rate hold as Iran conflict clouds outlook

Bank of England Governor Andrew Bailey has signalled that interest rate cuts are likely...

The cost of knowing less

There is a particular kind of risk in financial services that rarely announces itself...

Call for later life lending advice silos to be broken down

Industry figures have called for closer links between mortgage advisers, wealth managers and later...

Property transactions remain resilient despite market volatility

Residential property transactions edged lower in April, although industry figures said activity remained resilient...

Latest publication

Other news

What Tony Blair’s AI manifesto means for specialist finance

In Sir Tony Blair’s first intervention in Labour’s leadership battle, the former prime minister...

Foundation launches limited-edition buy-to-let fixes at 75% LTV

Foundation has launched two limited-edition buy-to-let fixed-rate products for landlord borrowers at 75% loan-to-value. The...

Bailey signals Bank Rate hold as Iran conflict clouds outlook

Bank of England Governor Andrew Bailey has signalled that interest rate cuts are likely...