West One

West One cuts rates across BTL lifetime tracker ranges

West One has reduced rates on its BTL lifetime tracker product ranges.

The largest rate cut was made across its lifetime tracker standard W1 suite, which has been reduced by 111 bps to 2.99%.

The range tracks bank base rate with a margin of 2.24%, and can be used on houses, flats and new build properties.

The lender has also cut rates on its lifetime tracker specialist W1 suite by 96 bps — now available from 3.24% — and has added a new 80% LTV product.

The specialist range is designed to finance more complex transactions, such as HMOs and MUBs.

Andrew Ferguson, managing director of West One’s BTL division, said: “These new reduced rates, combined with our flexible underwriting and quick decision-making will provide a compelling proposition for brokers and their clients. 

“While price is a factor, the depth of the West One proposition, combined with speed, certainty and expertise is why brokers come to us.

“We underwrite manually so that we can say yes to more deals and we are trusted by intermediaries and property professionals to get the deal done.

“Those investing in rental properties have been increasingly looking for specialist BTL products, and as we specialise in HMOs and MUBs, we are well placed to offer finance to both new, and experienced landlords.”

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