west one

West One lowers BTL lifetime tracker rates

West One has cut rates across its BTL lifetime tracker product suites by 15 basis points.

The lender’s lifetime tracker standard W1 range is now available at base rate plus 2.09%.

Meanwhile, prices for its lifetime tracker specialist W1 suite — designed for more complex properties, including houses, flats and maisonettes above or near commercial premises, HMOs and MUFBs — now start from base rate plus 2.34%.

In addition, the lender’s lifetime trackers are now available with ERC options, including over a two-year term at 2% in year one and 1% in year two.

Andrew Ferguson, managing director of the BTL division at West One, said: “There is no doubt that these are uncertain times for many borrowers; with further interest rate rises on the horizon, flexibility will be key in responding to a challenging and changing environment. 

“Many brokers will be approached by clients asking for help in reviewing the options available, especially those at the more complex end of the market.

"This is why we are reducing the rates on products in our tracker range — we want to give brokers and their clients more ways to navigate their portfolios through this changing and challenging landscape. 

“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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