West One Loans has reintroduced a range of priced two-year fixed rate products to its second charge range.

The rates for residential customers start from 7.89% while pricing for its buy-to-let products begins at 8.64%.

In addition, West One has also announced major pricing reductions to its second charge five-year fixed rate products.

Rates will now start from 7.54% for residential and 8.29% for buy-to-let.

The changes to its second charge range follow the recent launch of West One’s residential mortgage range, with five-year fixed rates starting from 6.95%.

Marie Grundy, managing director of residential mortgages and second charges at West One, says: “We’re very pleased to be able to introduce some major enhancements to our second charge range. The re-introduction of two-year fixed rate products will give intermediaries and their clients even greater choice and flexibility.

“We have also taken the opportunity to review the pricing of our five-year fixed rates allowing us to make significant pricing reductions, which will create more opportunities for borrowers to access second charge products.

“At West One, our aim is to offer borrowers a comprehensive range of competitively priced products alongside a first-class service.

“To do this, it’s important that we continually review the products and services we provide, and where possible make adjustments and enhancements to ensure we are serving borrowers in the best way possible.

“We are committed to supporting intermediaries and mortgage customers thorough more challenging times and we will be working hard to ensure we are able to offer a compelling specialist lending proposition.”