West One Loans has made a series of rate cuts across its range of fixed-rate mortgages for landlords, with its core product range reduced by up to 40bps and its limited-edition range cut by up to 24bps.
The biggest reduction on the core range has been made to its two-year fixed rate W1 product, which now starts from 4.74%.
Furthermore, it has also cut its five-year fixed rate W1 product by 35bps — to 5.54% — and its equivalent W2 product to 6.74%.
There has also been changes to its complex range with reductions of up to 35bps on its holiday let two and five-year fixed rate products, which now start from 5.84%.
Both of its two-year fixed rate products for portfolio and non-portfolio landlords – available for those with three or less properties – have been slashed by 24bps and now start from 4.29% and 4.97% respectively.
The lender’s equivalent five-year fixed rate products have been reduced by around 20bps, with the headline pay rate product now priced at 4.58%.
Andrew Ferguson, managing director of BTL at West One (pictured above), commented: “We are making significant reductions right across our range as we pass on lower borrowing costs to brokers and their clients.
“It’s always pleasing to be in a position to make rate cuts and to be able to offer landlords a more competitive range of lending options.
“The series of changes that we have made over the past week puts us in a strong position to reach more brokers and to support more landlords in finding the right solution for them.”
