Specialist lender West One Loans will increase second charge mortgage rates from 28 June, with its current fixed rates withdrawn at the end of the day tomorrow.
Second charge products in its residential prime and near prime range in its Apex 0 range start from 8.65 per cent at 65 per cent LTV for a two-year fixed rate and 10.34 per cent for the same term and LTV in its Apex 2 range.
In its Apex 1 range, a two-year fixed rate at 65 per cent LTV begins at 9.54 per cent.
On the buy-to-let side, its standard two-year fixed at 65 per cent LTV is 9.79 per cent, and its green standard is 9.69 per cent.
Its two-year fixed rate second charge buy-to-let plus plan at 65 per cent LTV is 9.49 per cent and its green equivalent is 9.39 per cent.
Norton Home Loans increased fixed and variable rate lending
Norton Home Loans is increasing fixed rate lending plans and variable rate lending plans by around one per cent from tomorrow.
For secured lending, fixed rate lending starts from 11.5 per cent whilst variable rates start from 13.3 per cent.
On the mortgage lending side, variable rates start at 11.9 per cent and fixed rate lending start at 12.4 per cent.
The lender said it would notify customers impacted by the variable rate changes, but fixed rates remain the same until the offer expires.
It added that if there is a valid mortgage illustration dated prior to this but an offer has not been received it will honour the illustration rate and provide a binding offer by close of business on the 7 July.
If an offer has not been issued by that time, then a new rate will have to be generated.
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.
