West One Loans announces BTL changes

West One Loans’ buy-to-let (BTL) division has reduced rates on its new green product range and limited edition loans as part of a range of product and criteria changes.

Taking effect from today, the changes include reduced rates on the lender’s two and five-year fixed rate loans in its green product range. At 65% LTV, rates will now start from 2.99% for a two-year fix, which previously stood at 3.04%, and come with a 1.25% product fee.

There are also new limited edition large loan products for standard and HMO properties which start from 3.07% for a five-year fixed rate, with a 1.5% product fee. West One confirmed that these 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 includes a five-year fixed rate product at 3.38% with a 1.75% product fee, and is available for loan sizes of £350,000 to £1m.

As well as these product and rate changes, West One has also announced it has adjusted its criteria. The lender will now consider new build properties at up to 75% LTV, previously 70%, without prior referral.

Managing director for West One Loans’ BTL division, Andrew Ferguson, commented: “These new products and rate changes support our aspiration to become the ‘go-to option’ for brokers in the BTL arena.

“Our continued focus on service delivery and common-sense underwriting, aligned with these product changes, mean we are well placed to support our broker partners and their landlord clients as we move towards the end of the year.”

    Share Story:

Recent Stories

Conveyancing Transformation
Adam Cadle talks to ULS technology CEO Jesper With-Fogstrup about making home moving a pleasant experience


Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.