West One Loans has reintroduced its Platinum residential range aimed at borrowers with stronger credit profiles who crave flexibility.

The specialist lender’s Platinum range contains two-year fixed rates starting at 7.1% and lifetime trackers starting from 2.49% above Bank Base Rate.

The Platinum lifetime trackers comes without early repayment charges, offering additional flexibility for borrowers.

West One Loans said the range is best suited to borrowers looking for payment stability for a shorter period or those who expect interest rates to fall during their mortgage term.

It is aimed at borrowers with good credit histories whilst allowing for minor credit blips and is also available to borrowers who have had historic CCJ’s and defaults over 24 months old.

It is open to first-time buyers, home movers and remortgage customers. The range sits alongside the lender’s Prime Plus, Prime and Near Prime product sets.

It follows the recent launch of a series of three-year fixed rates aimed at borrowers looking to fix for the mid-term.

West One’s three-year products start at 7.39% and are available across its Prime Plus, Prime and Near Prime ranges.

West One Loans managing director of residential mortgages Marie Grundy said: “There is plenty of uncertainty surrounding the future path of interest rates at the moment and a lot of borrowers are asking themselves if they are doing the right thing by locking into a long-term deal.

“We know from our regular conversations with brokers that they have a lot of clients wrestling with this dilemma. Therefore, we’ve aimed to make our newly relaunched Platinum as flexible as possible for borrowers.”