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 Buy-to-Let Update: Important Criteria Changes
We are pleased to announce we are making changes to our 1st Charge Buy-to-Let criteria with immediate effect.
A summary of some of the changes are noted below:
Criteria Changes
Minimum property value reduced from £125,00 to £90,000 across all products
Stress rate on all variable and short-term fixed rate products (less than 5-years) is moving from 7.50% to 7.25%
- Up to 65% maximum loan £2 million
- 65% to 75% maximum loan to £1.5 million
New Product Guide
An updated product guide incorporating these changes is available here.
Registration
If any of your colleagues would like to register to become an introducer to West One Buy-to-Let, please provide them with this link:
Please get in touch if you would like any support or training on submitting a case and we will arrange a training session.
If you have cases to discuss or require any further information, please contact your BDM or the broker support team on 0333 1234 556 or email [email protected].