West One lowers buy-to-let rates

Published on

West One Loans has cut rates in its buy-to-let range by up to 15 basis points (bps).

This represents its second tranche of reductions in a month.

The Watford-based lender has reduced all the two and five-year fixed rates in its core range by 15bps.

NEW RATES

This means West One’s core two and five-year fixed rates start from 2.49% and 4.44%, respectively.

The specialist lender has also cut its buy-to-let limited edition range by up to 11 basis points.

Consequently, limited edition two-year fixed rates are available from 3.68% while their five-year equivalents are available from 4.23%.

“Swap rates have been relatively stable of late, which has given us the platform to sharpen up our range”

Andrew Ferguson, managing director of buy-to-let at West One Loans, said: “We’re delighted to be able to significantly reduce our buy-to-let rates for the second time in a month, and in doing, pass on meaningful savings to landlords in what is an uncertain economic environment.

“Swap rates have been relatively stable of late, which has given us the platform to sharpen up our range, something we always aim to do at the earliest opportunity.

“We’ve no doubt that these reductions significantly improve our competitiveness and make our range even more attractive to brokers and potential borrowers.”

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

Bank of England expected to hold interest rates at 4.5% amid economic uncertainty

The Bank of England is widely expected to maintain interest rates at 4.5% when...

£6.5k bill for homebuyers who miss stamp duty deadline

Rent and mortgage spending rose 7.7% year-on-year in February, as more homeowners moved from...

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...

Nationwide ups LTV limits for interest-only and foreign national borrowers

Nationwide has announced changes to its mortgage lending criteria, increasing the maximum loan-to-value (LTV)...

Other news

Bank of England expected to hold interest rates at 4.5% amid economic uncertainty

The Bank of England is widely expected to maintain interest rates at 4.5% when...

£6.5k bill for homebuyers who miss stamp duty deadline

Rent and mortgage spending rose 7.7% year-on-year in February, as more homeowners moved from...

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...