West One has made a series of changes to its second charge products.

The lender has cut rates across its ‘prime borrower’ Apex 0 range and its Apex 1 range, with the latter featuring cuts of up to 30 basis points within the lender’s 75 per cent LTV product range.

Its Apex 1 rates, meanwhile, now start at 5.55 per cent, having been cut by 30 basis points.

West One has also upped maximum loan sizes on its 70 per cent LTV Apex 0 products from £150,000 to £250,000.

At the same time, its buy-to-let second charge rates have been cut, now starting from 5.99 per cent – down from 6.49 per cent.

The lender also says that it is now taking applications from potential borrowers on zero hour contracts and that DSS tenants will be accepted for its BTL second charge products.

West One managing director of second charges Marie Grundy says: “These changes reflect our commitment to continuing to support the second charge market by providing broker partners with an even more compelling second charge proposition.

“With more firms and customers adapting to more fluid working arrangements we are confident these changes will help to provide greater flexibility when dealing with West One.”