West One launches BTL discount two-year tracker

West One Loans has added a buy-to-let discount two-year tracker to its product range with no early exit fee. 

The product is priced from 3.29% for the first two years, with loan to values available up to 80%, before moving to the lender’s reversion rate, which is currently the Bank of England’s base rate of 1.25% plus 4.99%.

The tracker, which has no minimum income requirement, is available to landlords with clean credit profiles as well as first-time landlords as long as they own their own home. 

The maximum loan size available on the deal is £2m.

In addition, the lender has introduced a new range of W1 lifetime tracker products for both standard and specialist applications, with rates starting from 3.64% with options for a two or five-year early repayment charge period. 

West One managing director of the buy-to-let division Andrew Ferguson says: “The feedback we have had from brokers suggests there are still plenty of borrowers out there who believe that rates will settle – or even fall – over the medium-term and therefore want the flexibility that a discounted tracker deal offers.”

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