HomeLoanMortgageWest One trims green BTL rates and adds new deals

West One trims green BTL rates and adds new deals

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West One has trimmed rates on green buy-to-let deals by up to 15 basis points and launched new limited edition deals for standard properties and houses in multiple occupation.

In the lender’s green buy-to-let range it is making the following cuts:

  • At 65% LTV, a two-year fixed at 3.04% has been reduced to 2.99%
  • At the same LTV a five-year fixed at 3.09% has been reduced to 3.04%
  • At 70% LTV, a two-year fixed rate at 3.09% has been reduced to 3.04%
  • Also at 70% LTV, a five-year fixed rate at 3.24% has been reduced to 3.09%

All the deals come with a 1.25% fee.

West One has also launched new limited edition large loan products for standard and HMO properties.

These start from 3.07% for a five-year fixed rate with a 1.5% product fee, and 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 multi-unit freehold blocks with up to six bedrooms.

This is a five-year fixed rate product at 3.38% with a 1.75% product fee and is also available for loan sizes of £350,000 to £1m.

West One managing director for buy-to-let Andrew Ferguson says: “These new products and rate changes support our aspiration to become the go-to option for brokers in the buy-to-let 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.

“In addition to the product enhancements, West One is launching more sustainable products across its portfolio in the coming months as part of its Funding the Future initiative.”

Finopulse

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Finopulse.
Publisher: Leah Milner

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