Following the reduction, semi-commercial fixed rates now start from 7.34%, while commercial fixed rates now start from 7.94%.
The move comes as borrowers continue to navigate an uncertain interest rate environment, with fixed rate options providing greater certainty over future borrowing costs.
Duncan Abraham (pictured), regional director at West One, said: “Commercial borrowers are continuing to navigate a challenging and uncertain rate environment, so we want to make sure brokers have access to competitive options for their clients.
“This significant rate reduction reinforces our commitment to supporting brokers with competitive, dependable funding solutions at a time when certainty over borrowing costs remains crucial for commercial borrowers.”
