5-year fixed rate
First is a 5-year fixed-rate loan, which has a maximum 75% LTV, with 3-year ERC. Rates start at 4.04% on loan sizes from £50k to £1,000,000 with terms from five to thirty years. This loan is available for houses, leasehold flats and maisonettes, new -builds, HMOs, MUFBs, and holiday lets (including Airbnb).
£250k maximum loan size
Second is a £250k maximum loan product. This loan has a fixed rate of 3.59% (in the standard range) and 3.79% (for specialist properties), both fixed for five years. Maximum LTV is 70% with a minimum loan size of £50k. Terms also run from five to thirty years.
A key feature for both loans is faster completions and reduced legal fees for qualifying remortgages, up to a maximum of £750k where relevant.
Andrew Ferguson, Managing Director at West One Buy-to-Let, says: “Following the refresh of our product range at the beginning of the month, we promised further enhancements to support our broker partners.
“These limited-edition products fill certain criteria for both standard and specialist landlords looking to expand their portfolios. The range covers individual and limited company applications, across standard and specialist cases, including HMO/MUFB, Ex-Pat, and Holiday Lets, which have seen a resurgence since the Covid lockdown was lifted.
“The added flexibility within the 5-year fixed-rate with 3-year ERC product is something our broker partners have been asking for, so I anticipate strong demand for this.”
