According to the lender, from today, the key changes include reduced rates on two and five-year fixed-rate loans in the GREEN product range. At 65% LTV, rates now start from 2.99% for a two-year fixed (previously 3.04%) and come with a 1.25% product fee.
There are also new limited edition large loan products for standard and HMO properties. These start from 3.07% for a five-year fixed rate with a 1.5% product fee and are available for loan sizes of £350,000 to £1m on standard property types.
West One has also launched a new Limited Edition large loan for HMOs and MUFBs with up to six bedrooms. This is a five-year fixed rate product at 3.38% with a 1.75% product fee and is available for loan sizes of £350k to £1m.
In addition to the new product and rate changes, West One has also adjusted its criteria. It will now consider new build properties at up to 75% LTV, previously 70%, without a prior referral.
Andrew Ferguson, managing director for West One Loans buy-to-let division, said: “These new products and rate changes support our aspiration to become the ‘go-to option’ for brokers in the buy-to-let arena.
“Our continued focus on service delivery and common-sense underwriting, aligned with these product changes, means we are well placed to support our broker partners and their landlord clients as we move towards the end of the year."
