West One announces buy-to-let product and criteria changes

The key changes include reduced rates on two and five-year fixed rate loans in the green product range. At 65% LTV, two-year fixed rates have reduced from 3.04% to 2.99% and come with a 1.25% product fee.

There are also new limited edition large loan products for standard and HMO properties. These start from 3.07% for a five-year fixed rate with a 1.5% product fee, and are available for loan sizes of £350,000 to £1m on standard property types.

West One has also launched a new limited edition large loan for HMOs and MUFBs with up to six bedrooms. The five-year fixed rate product starts at 3.38% with a 1.75% product fee and is available for loan sizes of £350,000 to £1m.

In addition to the new product and rate changes, West One will now consider new build properties at up to 75% LTV, previously 70%, without prior referral.

West One is also launching more sustainable products across its portfolio in the coming months as part of its ‘Funding the Future’ initiative.

Andrew Ferguson, managing director for West One's buy-to-let division, said: “These new products and rate changes support our aspiration to become the ‘go-to option’ for brokers in the buy-to-let arena.

“Our continued focus on service delivery and common-sense underwriting, aligned with these product changes, mean we are well placed to support our broker partners and their landlord clients as we move towards the end of the year."