West One Loan has cut rates on a holiday let and an expat buy-to-let product that the specialist lender reintroduced earlier in the year.

The Borehamwood-based firm has cut 15 basis points on both these short-term let and expat semi-exclusive products.

Its holiday let mortgage is now 4.19 per cent for a five-year fixed rate, while its expat product has been cut to 4.09 per cent for a five-year fixed rate. Both carry a 2 per cent fee.

West One reentered the holiday let and expat markets in January, as part of a wider product launch by the specialist lender.

Both products are distributed on a semi-exclusive basis through some key packager partners, and are available on West One’s broker portal.

West One Loans BTL managing director Andrew Ferguson says: “We re-entered these markets back in January and have been pleased with the response we’ve seen. These price changes reflect our ongoing support for the products in a market where we see great potential.”

Ferguson adds: “It follows on from a very busy start to the year for West One’s btl team, which has included the launch of new products and a new funding agreement which means we’re able to offer more choice to brokers and their clients, broadening our proposition still further.”