West One Loans brings out fixed rate deals for landlords

The lender’s limited-edition standard range is priced from 4.39 per cent for the two-year fixed rate and 4.54 per cent for a five-year fixed range. The standard range includes portfolio landlords.

For specialist properties, two-year fixed rates begin from 4.59 per cent and five-year fixed rate start from 4.74 per cent.

The specialist range covers houses in multiple occupation (HMO), multi-unit freehold blocks (MUFB) and property above commercial.

The maximum loan size is £1.5m and the rental coverage is measured against the product pay rate for the five-year fixed rate range.

West One: ‘Landlords still face challenges’

Andrew Ferguson (pictured), managing director of West One’s buy-to-let division, said: “These exciting new products are proof of our commitment to giving landlords access to the best possible deals.

“In this fast-paced market, we are continually reviewing our range and making adjustments to improve the products we offer while always maintaining our rigorous underwriting standards.”

He continued: “Although the economic outlook has improved somewhat in recent months, we are not out of the woods yet.

“Landlords still face plenty of challenges and it’s important that lenders try to ease the pressure where they can, reducing rates when possible and finding solutions for borrowers who may be in need of greater support.”