West One cuts fixed rates on BTL products

The price of a five-year fixed-rate product in the W1 limited-edition range now starts at 5.45% for landlords with standard properties and 5.54% for those with specialist properties.

The equivalent two-year fixed-rate products both start from 5.50%.

For non-portfolio landlords — those with three or less properties — rates for a two-year and five-year fix start from 5.39% and 5.40% respectively.

Andrew Ferguson, MD of the BTL division at West One, said: “We are moving quickly to pass on these rate reductions as the outlook for inflation and swap rates begins to improve.

“The market has been through a tumultuous period, and it has made life difficult for landlords, intermediaries, and lenders alike.

“We are pleased to be back in a position to reduce our rates and to offer landlords a more competitive range of lending options.”