West One residential mortgages has made rate reductions across all of its product tiers, in addition to launching new products.
The lender reduced all 5-year fixed rates, with deals now starting at 6.89%.
Its limited-edition remortgage-only products are also now available with £500 cashback, with pricing starting at 7.19%, while its 5-year fixed rates on ‘Flex’ options were also reduced, starting at 7.29%.
West One’s 3-year fixed rates will now be available across all product tiers, starting at 7.39%, with its 3-year fixed rates on ‘Flex’ options starting at 7.79%.
Nicholas Mendes, mortgage technical manager at John Charcol, said: “It is always encouraging to see specialist lenders such as West One make reductions to their proposition.
“Specialist lenders are closely impacted by any market volatility, so the recent news that Core inflation was unexpectedly down in August and the halt in the Bank Base Rate increases has been welcome news.
“It is great to see a lender act on this and pass reductions quickly onto clients.”
