West One Loans reduces buy-to-let rates

West One Loans has reduced rates across its buy-to-let range by up to 15 basis points.

The specialist lender has cut all two and five-year fixed rates in its core range by 0.15%, now starting from 2.49% and 4.44%, respectively.

The lender has also cut its buy-to-let limited edition range by up to 11 basis points.

Following the reductions, the lender’s limited edition two-year fixed rates are available from 3.68% while the five-year equivalents are available from 4.23%.

Andrew Ferguson, managing director of buy-to-let at West One Loans, said: “We’re delighted to be able to significantly reduce our buy-to-let rates for the second time in a month, and in doing, pass on meaningful savings to landlords in what is an uncertain economic environment.

“Swap rates have been relatively stable of late, which has given us the platform to sharpen up our range, something we always aim to do at the earliest opportunity. We’ve no doubt that these reductions significantly improve our competitiveness and make our range even more attractive to brokers and potential borrowers.”