West One Loans has made a series of changes to its range of second charge mortgage products.

Changes include the launch of its lowest ever variable and fixed rate products, with rates starting from 3.79% and an expanded range of ERC free products.

Rate cuts have been applied across its Prime, Near Prime and Buy to Let product ranges. Loan sizes have also been increased to £750,000 as standard (and up to £1m on referral) on their Apex Prime and Apex 1 products, for loans up to 65% LTV.

In addition, West One Loans has also made process improvements to the application process.

Marie Grundy, sales director at West One Loans, said: “The latest data from the Finance and Leasing Association revealed second charge mortgage completions exceeded £100m in October for the first time since 2008 – which highlights the ever-increasing demand from consumers for second charge borrowing. Our latest changes will provide even greater options for a wider range of borrowers.

“We believe these changes will deliver the most comprehensive range of products in the second charge market. The launch of our lowest ever pricing for two and five-year fixed rate products reflects the changing trends in product preferences, with more borrowers opting for payment stability as the UK determines its exit from Europe.”