The range starts at 5.55% for a standard five-year fix, and 5.75% for the equivalent specialist product
West One Loans has introduced a new range of limited edition two- and five-year fixed rate products for landlords seeking to borrow up to £1.5 million.
The lender said the range starts at 5.55% for a standard five-year fix, and 5.75% for the equivalent specialist product.
Rental coverage is assessed against the product pay rate on the five-year range, with the standard range including portfolio landlords and the specialist range including houses in multiple occupation or multi-unit freehold blocks, and property above commercial.
Landlords can also choose from a limited edition standard two-year fix starting at 5.66% and a specialist two-year fix priced from 5.79%.
“We are moving quickly to offer landlords access to the most competitively priced products,” Andrew Ferguson (pictured), managing director of West One’s buy-to-let division, said. “We already have a compelling and comprehensive range of lending options for landlords and these new additions further enhance this, as they are right at the top end of the market.
“It was not long ago that intermediaries and their clients were seeing products rise in price, so we are delighted to be able to offer these new rates as we head towards the new year. The outlook continues to gradually improve, and we are working hard to support landlords as much as we can, as there will inevitably still be some bumps in the road.”
More information on the new rates can be found on the latest product guide of West One.