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

L&G cuts rates for new optional payment lifetime mortgages

L&G has introduced rate reductions of between 0.01% and 1.00% for new customers taking...

Mortgage payments are leading source of financial pressure for borrowers

More than half of UK mortgage holders worry about their repayments at least once...

StrideUp cuts HMO and MUFB finance rates and raises broker fees

StrideUp has reduced rates across its houses in multiple occupation (HMO) and multi-unit freehold...

West One expands mortgage sales team with four appointments

West One has appointed four members to its mortgage division sales team as the...

Regional divide reshapes landlord investment plans

Landlords are reassessing where they invest as regional differences in yields, arrears and void...

Latest publication

Other news

L&G cuts rates for new optional payment lifetime mortgages

L&G has introduced rate reductions of between 0.01% and 1.00% for new customers taking...

Mortgage payments are leading source of financial pressure for borrowers

More than half of UK mortgage holders worry about their repayments at least once...

StrideUp cuts HMO and MUFB finance rates and raises broker fees

StrideUp has reduced rates across its houses in multiple occupation (HMO) and multi-unit freehold...