West One Loans reintroduces two-year fixed second charges

For residential borrowers, pricing on two-year fixes begins from 7.89 per cent while rates for buy-to-let start from 8.64 per cent. 

Across its five-year fixed rates, prices will begin from 7.54 per cent for residential borrowers, down from 8.99 per cent and 8.29 per cent for buy-to-let, down from 9.69 per cent. 

These changes follow the lender’s recent launch into the residential market, with five-year fixed rates starting from 6.95 per cent. 

Marie Grundy (pictured), managing director of residential mortgages and second charges at West One Loans, said: “We’re very pleased to be able to introduce some major enhancements to our second charge range. The reintroduction of two-year fixed rate products will give intermediaries and their clients even greater choice and flexibility.  

“We have also taken the opportunity to review the pricing of our five-year fixed rates allowing us to make significant pricing reductions, which will create more opportunities for borrowers to access second charge products.” 

She said the lender’s aim to was continue giving borrowers a “comprehensive” range of products and to do this, it regularly reviewed its offering and services. 

Grundy added: “We are committed to supporting intermediaries and mortgage customers thorough more challenging times and we will be working hard to ensure we are able to offer a compelling specialist lending proposition.”