West One revamps BTL range

West One has cut rates and introduced new products across its BTL range.

The lender has launched two new limited-edition, five-year fixed-rate large loan products, which offer facilities between £350,000 and £1m.

The first one, available for standard properties, is priced at 3.07% and comes with a 1.5% product fee, while the second product, designed for HMOs and MUFBs with up to six bedrooms, is priced at 3.38% and includes a 1.75% product fee.

West One has also reduced the rates for its green two- and five-year fixed-rate options, which now start from 2.99% and 3.04%, respectively.

In addition, the lender has adjusted its criteria, announcing that it will now consider new build properties at up to 75% LTV (previously 70%) without prior referral.

Andrew Ferguson, managing director of the BTL division at West One (pictured above), said: “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.”

West One is set to launch more sustainable products across its portfolio in the coming months as part of its ‘Funding the Future’ initiative.

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