West One Loans has cut buy-to-let rates by as much as 25 basis points today.

The lender’s most substantial reduction is to its expat buy-to-let five-year fixed rate at 70 per cent LTV, which has reduced from 4.09% to 3.84% with a 2% fee and is now available up to 75% LTV.

The following changes within its standard buy-to-let range are among its biggest reductions:

• Two-year fixed rate at 65% LTV is reducing from 3.24% to 3.04% with a 1.5% fee
• Two-year fixed rate at 70% LTV is reducing from 3.29% to 3.09% with a 1.5% fee
• Two-year fixed rate at 75% LTV is reducing from 3.44% to 3.19% with a 1.5% fee
• A number of five-year fixes are reducing by 5 basis points and the fee is being cut from 2% to 1.5%

West One has also launched a new 75% LTV limited edition five-year fixed at 3.19% with a 1.5% fee, restricted to three loans per applicant, but not available for new builds.

There is also a new limited edition product for small houses in multiple occupation and multi-unit blocks fixed for five years at 3.49% with a 2% fee.

West One managing director for the buy-to-let division Andrew Ferguson says: “We’re making these changes today in response to a busy buy-to-let market, where we’ve been able to expand our distribution this year and enable more brokers and clients to benefit from the strength of our proposition.

“Our continued focus on service delivery aligned with these rate changes mean we are well placed to support our broker partners and their landlord clients as we move towards the end of the year.”