West One Loans has added new seven-year fixed pay-rate products and lifetime tracker products to it buy-to-let (BTL) range.
The new products are available for both standard and specialist properties.
West One’s buy-to-let division specialises in complex transactions such as large portfolios, large block exposures, HMO/MUFBs and holiday lets.
All the new products are available from 65% up to 75% LTV and the standard seven-year product is priced from 3.44% with a 1.5% fee. The lender suggested that the specialist range is designed to finance more complex transactions such as HMOs and MUFBs and confirmed that the the seven-year product is priced from 3.64% with a 2% fee.
The lifetime tracker products are also available from 65% up to 75% LTV and have no early repayment charge. The offering for standard properties is priced from 3.75% with a 1.75% fee while the specialist offering is priced from 3.85% with a 2% fee.
Director of West One’s BTL division, Andrew Ferguson, said: “Our continued focus on service delivery aligned with these new products mean we are well placed to support our broker partners and their landlord clients.
“There is strong demand in the BTL market and more and more landlords are looking for longer-term mortgages, and the seven-year products we are now offering gives them that option.”
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