West One has reduced residential mortgage rates by up to 0.41% and launched a new range of two-year discounted tracker products within its core range.
The latest rate reductions cover a broad selection of West One’s residential mortgage products, with fixed rates across core, LTI Boost, Fee Assist, Extra, Right to Buy and shared ownership ranges all reduced.
Among the fixed rate changes, core and LTI Boost two-year products have been reduced by up to 35bps, with rates starting from 5.64%. Five-year fixed rates across the same ranges have fallen by up to 41bps, starting from 6.03%.
Reductions have also been made across Fee Assist products, which include a free valuation, with two-year fixed rates starting from 6.99% and five-year rates from 6.53%.
The Extra and Right to Buy product ranges have seen reductions of up to 24bps, while shared ownership rates have been reduced by up to 15bps across two and five-year fixed rate options.
The new discounted tracker products start from 5.60% (BBR + 1.85%), with early repayment charges applicable only during the first year. The lender’s lifetime tracker rates remain unchanged.
Paul Huxter, head of intermediary sales and distribution at West One, commented: “In recent months, we’ve seen growing interest in tracker products from our broker partners, particularly while wider market rates remain unsettled. Our discounted two-year trackers give borrowers who are waiting strategically for the market to stabilise greater flexibility.”
