Specialist lender, West One Loans, has reduced rates for select products in its buy-to-let lifetime tracker range.
The largest reduction is in its Lifetime Tracker Stand W1 product range, which has been cut by 111 basis points to 2.99 per cent.
It can be used for houses, flats and new-build properties. It tracks the base rate and has a margins of 2.24 per cent.
Rates in its Lifetime Tracker Specialist W1 product range have fallen by 96 basis points, and rates start from 3.24 per cent.
The lender has also added an 80 per cent loan to value (LTV) product to this range
The specialist range caters to complex transactions, such as houses in multiple occupation (HMO) and multi-unit blocks (MUB).
Andrew Ferguson (pictured), managing director of West One Loan’s buy-to-let division, said that the new reduced rates along with its flexible underwriting and quick decision making would “provide a compelling proposition for brokers and their clients”.
He added: “While price is a factor, the depth of the West One proposition combined with speed, certainty and expertise is why brokers come to us. We underwrite manually so that we can say yes to more deals and we are trusted by intermediaries and property professionals to get the deal done.
“Those investing in rental properties have been increasingly looking for specialist buy-to-let products, and as we specialise in HMOs and MUBs we are well placed to offer finance to both new, and experienced landlords.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
