West One launches bridging tracker range

The tracker mortgages are available up to 70 per cent loan to value (LTV) and is offered across the lender’s existing bridging product categories including regulated and unregulated business. 

Rates begin at 0.70 per cent plus base rate for residential products and 0.85 per cent plus base rate for commercial. 

More bridging products on the market

The lender is the latest to offer borrowers more options amid rate uncertainty, and follows Tuscan Capital’s launch of a bridging tracker product last week. 

Nick Jones, sales director of West One’s bridging division, said: “Although interest rates have been on the rise recently, it is possible that rates will begin to settle – or even fall – in due course. 

“This means fixing rates for shorter-term projects may not always be the better option. By offering this new lower tracker rate alongside our fixed rate range, we are giving our intermediaries and their clients access to a broad choice of competitively priced, funding options.”