---
title: West One Loans launches cut-priced limited edition five-year fixes for those who don’t fit high street criteria
description: West One Loans launches five-year fixed mortgages for non-mainstream borrowers, offering competitive rates, cashback, and second charge reductions.
---

[News Archive ](https://www.westoneloans.co.uk/news-archive)

# [West One Loans launches cut-priced limited edition five-year fixes for those who don’t fit high street criteria](https://www.westoneloans.co.uk/news-archive/launches-cut-priced-limited-edition-street-criteria)

 Written by [West One Loans](https://www.westoneloans.co.uk/news-archive/author/west-one-loans) | Nov 2, 2023 3:19:00 PM

*     *Marie Grundy - Managing Director of Residential Mortgages and Second Charges

West One Loans has launched a range of cut-priced limited edition five-year fixed rates targeting borrowers who could benefit from access to non-mainstream mortgage products. 

The specialist lender’s new [Prime Plus](https://www.westoneloans.co.uk/residential-mortgages) limited edition five-year fixed rates start from 6.29% up to 75% LTV, offering rate reductions of up to 60 basis points. The Prime Plus range is available to borrowers who may have satisfied CCJ’s and defaults, unsatisfied CCJ’s and defaults under £500 as well as allowing missed or late unsecured credit payments with a maximum status of 1 in 12. It is open to first-time buyers, home movers and remortgage customers.

As part of the launch, the lender has also introduced a new range of limited edition Prime Plus cashback products for remortgage borrowers, with rates starting at 6.89%. The cashback offer gives borrowers £500 towards legal fees upon completion.  It has also launched a new Prime Plus Flex five-year fixed rate, for those wanting to borrow more than five times’ income, starting at 6.99% up to 75% LTV.

Meanwhile, the lender has also made sweeping reductions across its second charge mortgage range. It has cut its [Apex 0](https://www.westoneloans.co.uk/second-charge-mortgages/residential) range, which targets borrowers with good credit histories who typically have a high street mortgage, by up to 34 basis points. It means five-year fixed rates now starts at 7.65%

The lender has also slashed its two- and five-year fixed rates within its second charge buy-to-let mortgage range by up to 64 basis points, with rates now starting at 8.89%.

Marie Grundy, Managing Director of Residential Mortgages and Second Charge at West One Loans, says: “There is a still a lot of uncertainty surrounding the future path of interest rates and so we are seeing strong demand for our five-year fixed rate mortgage products.  

*“These new rate reductions will offer highly competitive pricing for borrowers who need options outside of the high street at a time when they most need it.*

*“We know there are plenty of people out there who have a less-than-perfect credit record but who remain a good credit risk.  We want to provide a range that offers a genuine option to anyone in this position.”*

On the second charge reductions, Grundy says: *“The huge rise in the number of residential product transfers has created serious demand for second charge loans.*

*“PTs are becoming increasingly popular for borrowers reaching the end of their current mortgage deal, but they don’t allow for additional borrowing. **“Therefore, there will be a huge number of borrowers out there with additional borrowing needs for whom a second charge loan makes sense. *

*“After reducing our rates, now they can do so for a cheaper monthly outlay without disturbing their existing mortgage arrangements. "*

**

[View full post](https://www.westoneloans.co.uk/news-archive/launches-cut-priced-limited-edition-street-criteria)

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