West One launches 5-year fixed rate buy-to-let products with 3-year ERCs
West One Loans has unveiled a new line of 5-year fixed rate buy-to-let products with 3-year early repayment charges (ERCs) as part of a significant overhaul of its range.
The limited edition products offer landlords payment stability for five years, as well as the flexibility to exit penalty-free two years earlier than with a standard fixed rate.
The new range starts at 4.99% for standard properties and 5.19% for specialist properties, such as large HMOs (houses in multiple occupation) or MUBs (multi-unit blocks). The maximum loan size is £1.5m, and rental coverage is assessed against product pay rate.
West One has also launched a series of market-lending lifetime trackers, with rates starting from BBR+1.65% for standard properties and BBR+1.85% for specialist properties.