Below is an update from West One, the Bridging, BTL, Commercial, and Seconds Mortgage lender, that you can access via our specialist mortgage team. Contact our team today for more information.
Announcement
Important Product Changes
Following our broker update on Wednesday 25th August 2022, we are writing to confirm details on our new fixed product range that will be available for selection on our broker portal from Tuesday 30th August 2022 following the bank holiday.
New Product Range
- 5 Year fixed Standard from 5.39%
- 7 Year fixed (5yr ERC) Standard from 5.14%
- 5 Year fixed Specialist from 5.64%
- 7 Year fixed (5yr ERC) Specialist from 5.34%
All variable products remain unchanged and available for selection on the portal
Fixed Rate Changes
We will be increasing our fixed rate pricing throughout our product range with effect from Tuesday 30th August 2022
We will honour existing fixed rate pipeline cases provided as ESIS has been produced by Monday 29th August and reaches offer stage by Friday 23rd September 2022
If you need to switch products from the 30th of August onwards, only our new products from our product matrix dated 30th August 2022 will be available for selection – for example switching from a 2 year fixed to a 5 year fixed rate.
Early Repayment Charges
We have updated our early repayment charges across all 5 year fixed rate products and the following ERC’s will now apply to our new product range
5% | 4% | 3% | 2% | 1%
Please find below our new product guide dated 30th August 2022 with rates starting from 5.75%.