West One Loans has cut its BTL rates by up to 30bps across its core and complex products, with rates starting from 4.49% for a two-year fixed rate and 5.29% for a five-year fixed rate.
There have also been changes to the lender’s W1 limited-edition range for both portfolio and non-portfolio landlords.
Landlords with more than three properties can now access a two-year fixed rate from 4.19% and a five-year fix from 4.44%, after reductions of up to 16bps.
For landlords with one property, rates have been cut by up to 14bps, with equivalent fixed-rate products starting from 4.19% and 5.06%.
Andrew Ferguson, managing director for BTL at West One (pictured above), commented: “We are very pleased to finish the year with a series of successive rate reductions, after what has been a challenging year for landlords.
“When considered alongside our recent criteria changes, our proposition caters for many of the needs of landlords, big and small.
“As we head into 2024, we hope the improving economic landscape will have a positive impact on the BTL market and we will be hoping to share more positive news on rates and products in the new year.”
