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.”