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

Beagle Street hires Moore and Mears to boost broker distribution

Beagle Street has appointed Amanda Moore and Zoe Mears to develop its intermediary partnerships...

Wealth advisers urged to consider later life lending in inheritance tax planning

Wealth managers should widen their inheritance tax planning options to include later life lending...

Stoke-on-Trent tops Paragon student rental yield rankings at 9.42%

Properties in known student postcodes generate higher average rental yields than those in non-student...

Bath Building Society recruits finance chief from Principality

Bath Building Society has appointed Annelie Grey as chief finance officer, recruiting her from...

L&G opens Ignite mortgage sourcing platform to all brokers

L&G has extended access to its Ignite mortgage sourcing platform to brokers across the...

Latest opinions

In our industry, competition and collaboration aren’t opposites

If there's one theme running through the market at the moment, it's the power...

We must not accept our snail’s pace home buying system

Buying a house in this country can be ridiculously slow, as a handful of...

Deferment and capitalisation rates: small percentages, large consequences

The Government is currently consulting on Leasehold enfranchisement valuation rates to determine what deferment...

Your clients can’t tell which firm they’re dealing with

Two clients walk into your firm in the same week. One of them is a...

Other news

Beagle Street hires Moore and Mears to boost broker distribution

Beagle Street has appointed Amanda Moore and Zoe Mears to develop its intermediary partnerships...

Wealth advisers urged to consider later life lending in inheritance tax planning

Wealth managers should widen their inheritance tax planning options to include later life lending...

Stoke-on-Trent tops Paragon student rental yield rankings at 9.42%

Properties in known student postcodes generate higher average rental yields than those in non-student...