West One launches new fixed rates from 5.55%

Published on

West One Loans has introduced a new range of limited edition two and five-year fixed rate products for landlords wanting to borrow up to £1.5 million.

The range starts at 5.55% for a standard five-year fix and 5.75% for the equivalent specialist product.

Rental coverage is assessed against the product pay rate on the five-year range, with the standard range including portfolio landlords and the specialist range including HMO/MUFB and property above commercial.

Landlords can also choose from a limited edition standard two-year fix starting at 5.66% and a specialist two-year fix, which is priced from 5.79%.

Andrew Ferguson, managing director of West One’s buy-to-let division, said: “We are moving quickly to offer landlords access to the most competitively-priced products we can.

“We already have a compelling and comprehensive range of lending options for landlords and these new additions further enhance this, as they are right at the top end of the market.

“It was not long ago that intermediaries and their clients were seeing products rise in price, so we are delighted to be able to offer these new rates as we head towards the New Year.

“The outlook continues to gradually improve and we are working hard to support landlords as much as we can, as there will inevitably still be some bumps in the road.”

Latest POLL

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

Nationwide trims mortgage rates again following Bank Rate cut

Nationwide is reducing mortgage rates for the fourth time in three weeks, with the...

The Leeds cuts rates in response to base rate shift

Leeds Building Society has announced reductions across its residential mortgage range of up to...

Pepper Money broadens lending criteria

Pepper Money has unveiled a range of changes to its lending proposition, including the...

Iress adds The Exeter’s Real Life product to The Exchange platform

Iress has expanded the protection options available to advisers using its Exchange platform with...

Other news

Nationwide trims mortgage rates again following Bank Rate cut

Nationwide is reducing mortgage rates for the fourth time in three weeks, with the...

The Leeds cuts rates in response to base rate shift

Leeds Building Society has announced reductions across its residential mortgage range of up to...

Pepper Money broadens lending criteria

Pepper Money has unveiled a range of changes to its lending proposition, including the...
Advertisement