West One Loans’ buy-to-let (BTL) division has announced new changes to its products and criteria in response to strong demand across the BTL market.
Effective from today, the lender has unveiled a range of new products being introduced with reduced rates and fee reductions on selected products.
Among the changes is a new 75% LTV limited edition product with a five-year fixed pay-rate, priced at 3.19% with a 1.5% fee. There is also a new limited edition product for small HMO and MUFB properties also with a five-year fixed rate, priced at 3.49% with a 2% fee.
West One also revealed changes in its holiday let and ex-pat range with the short-term let product pricing being reduced by 10 basis points to 4.09% on a five-year fixed basis, and the ex-pat product reduced by 25 basis points to 3.84%, also on a five-year fixed basis.
Several products have also been withdrawn as part of the changes and are no longer available, the lender confirmed.
Managing director for West One’s BTL division, Andrew Ferguson, said: “We’re making these changes today in response to a busy BTL market, where we’ve been able to expand our distribution this year and enable more brokers and clients to benefit from the strength of our proposition.
“Our continued focus on service delivery aligned with these rate changes mean we are well placed to support our broker partners and their landlord clients as we move towards the end of the year.”
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