Specialist lender West One Loans has brought back its platinum residential range aimed at borrowers with stronger credit profiles who want flexibility.
The range has two-year fixed rates starting from 7.1 per cent and lifetime trackers starting from 2.49 per cent above the base rate.
The lender’s lifetime trackers in this range do not have early repayment charges, offering additional flexibility for borrowers.
West One Loans said that the range was best suited for borrowers “looking for payment stability for a shorter period or those who expect interest rates to fall during their mortgage term”.
It is aimed at borrowers with good credit histories and permits minor credit blips and historic country court judgment and defaults over 24 months old. First-time buyers, home movers and remortgage customers are eligible.
Marie Grundy (pictured), managing director of residential mortgages and second charge at West One Loans, said: “There is plenty of uncertainty surrounding the future path of interest rates at the moment and a lot of borrowers are asking themselves if they are doing the right thing by locking into a long-term deal.
“We know from our regular conversations with brokers that they have a lot of clients wrestling with this dilemma. Therefore, we’ve aimed to make our newly relaunched Platinum as flexible as possible for borrowers.
“Our excellent relationship with brokers mean we can listen, learn and react quickly when they tell us of emerging trends in the market. This is another example of that.”
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.
