West One Loans has reduced rates on its buy-to-let lifetime tracker range.

The lender’s Lifetime Tracker Standard W1 is now available at base rate plus 2.09%, reduces the cost by 15 basis points, as previously this deal was base rate plus 2.24%.

West One has also reduced rates by 15 basis points on its Lifetime Tracker Specialist W1 range with rates now starting at base rate plus 2.34%. This range is designed to finance more complex transactions, such as houses, flats and maisonettes above or near commercial premises, HMOs and multi-unit freehold blocks.

West One’s lifetime trackers are now also available with ERC options, including over a two-year term at 2% in year one and 1% in year two.

West One’s managing director of its buy-to-let division Andrew Ferguson says: “There is no doubt that these are uncertain times for many borrowers. With further interest rate rises on the horizon flexibility will be key in responding to a challenging and changing environment. 

“Many brokers will be approached by clients asking for help in reviewing the options available, especially those at the more complex end of the market. This is why we are reducing the rates on products in our tracker range. 

“We want to give brokers and their clients more ways to navigate their portfolios through this changing and challenging landscape.”