The new range starts at 4.39% for a two-year fix and 4.54% for a five-year deal
Specialist lender West One Loans has launched a new range of two- and five-year fixed rate products for landlords.
The limited edition standard range starts at 4.39% for a two-year fix and 4.54% for a five-year fix. Landlords buying specialist properties can choose from a two-year fix starting from 4.59% or a five-year fix priced from 4.74%.
The maximum loan size is £1.5 million, and the rental coverage is assessed against the product pay rate on the five-year range. The lender’s standard range includes portfolio landlords, and its specialist range includes a house in multiple occupation or a multi-unit freehold block, and property above commercial.
The complete details of the lender’s buy-to-let products, including the new range, are available online through West One Loans’ website.
📢 We have some exciting news about our Buy-to-Let product range and criteria that took place today!
— West One Loans (@westoneloans) February 6, 2023
Find here our update product guide - https://t.co/vggj8GjYtc
*For Intermediaries Only #buytoletchanges #westoneloans #latestnews #newfixedrates pic.twitter.com/s362pwgAQ7
“These exciting new products are proof of our commitment to giving landlords access to the best possible deals,” Andrew Ferguson (pictured), managing director of West One’s buy-to-let division, commented. “In this fast-paced market, we are continually reviewing our range and making adjustments to improve the products we offer while always maintaining our rigorous underwriting standards.
“Although the economic outlook has improved somewhat in recent months, we are not out of the woods yet. Landlords still face plenty of challenges, and it’s important that lenders try to ease the pressure where they can, reducing rates when possible and finding solutions for borrowers who may be in need of greater support.”
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