West One Loans has reintroduced its Platinum residential range aimed at borrowers with stronger credit profiles who crave flexibility.

The Platinum range contains two-year fixed rates starting at 7.1% and lifetime trackers starting from 2.49% above Bank Base Rate.

The Platinum lifetime trackers come without early repayment charges.

The Platinum range is aimed at borrowers with good credit histories whilst allowing for minor credit blips and is also available to borrowers who have had historic CCJs and defaults over 24 months old. It is open to first-time buyers, home movers and remortgage customers. The range sits alongside the lender’s Prime Plus, Prime and Near Prime product sets.

It follows the recent launch of a series of three-year fixed rates aimed at borrowers looking to fix for the mid-term. West One’s three-year products start at 7.39% and are available across its Prime Plus, Prime and Near Prime ranges.

Marie Grundy (pictured), managing director of residential mortgages and second charge at West One Loans, said: “There is plenty of uncertainty surrounding the future path of interest rates at the moment and a lot of borrowers are asking themselves if they are doing the right thing by locking into a long-term deal.

“We know from our regular conversations with brokers that they have a lot of clients wrestling with this dilemma. Therefore, we’ve aimed to make our newly relaunched Platinum as flexible as possible for borrowers.

“Our excellent relationship with brokers mean we can listen, learn and react quickly when they tell us of emerging trends in the market. This is another example of that.”