West One has launched two exclusive holiday let deals through TMA Club.

The deals are both five-year fixed rates at a reduced cost compared to the lender’s core range.

It is offering a rate of 3.54% up to 65% LTV and 3.74% up to 70% LTV both of which come with a 1.75% fee.

This compares to the lender’s core range where the rate is 4.09% up to 75% LTV with a 2% fee.

The exclusive deals via TMA only have early redemption charges in force for the first three years. 

West One joined the TMA panel in March this year. 

The lender is offering specialist underwriting on all applications and no credit scoring, but rather a credit assessment.

It promises faster completions and reduced legal fees for qualifying remortgages up to £750,000.

First-time landlords are permitted so long as they already own their main residence.

Limited company applications are allowed with no additional charge.

The new exclusives are available on loans from £150,000 to £1,000,000 over terms of between five and 25 years. 

The deals are also available via Primis network. 

TMA development director Lisa Martin says: “West One’s exclusive holiday let products should prove appealing to our directly authorised intermediaries. 

“Holiday buy-to-lets are popular investments, so these products are coming at the right time for brokers with an interest in this market. 

“TMA’s DAs can now offer an even more extensive range of tailored lending solutions to meet specific needs in this segment of the BTL space. 

“Our advisers also benefit from our market-leading broker support team and our programme of workshops for TMA members to ensure they have all the information they need about the full range of specialist products and services available.”

West One buy-to-let managing director Andrew Ferguson says: “We have been impressed with TMA ever since we joined the panel earlier this year.

“TMA provides a lot of practical support to advisers and lenders alike and as widening our distribution through mortgage clubs and networks is a central part of our growth strategy for our buy-to-let business, these types of partnership are important to us. 

“The holiday lets niche is a small but significant part of the overall BTL market and these exclusive deals should appeal to advisers searching for competitively priced holiday let products.”