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
Product Update – Apex 0 & Buy To Let Second Charge Pricing Reductions
We are delighted to announce we are reducing fixed rate pricing in both our Apex 0 and Buy to Let Second Charge product ranges. The new products will be available from tomorrow 1st November 2023.
Apex 0 – Five Year Pricing Reductions
- 5 yr fixed rates starting from 7.65% up to 65% LTV
- 5 yr fixed rates starting from 8.35% up to 70% LTV
- 5 yr fixed rates starting from 8.59% up to 75% LTV
Buy to Let Second Charge – Fixed Rate Pricing Reductions
- 2 yr fixed rates starting from 9.39%
- 5 yr fixed rates starting from 8.89%
Our latest product guide dated 1st November is available here:
Updated Product Guide – 1st November 2023
Our dedicated broker support team and field based sales team are available to assist with any new enquiries or referrals you would like to discuss or if you would like to arrange refresher training with your teams
Important Product and Criteria Changes
We are pleased to announce we are making positive changes to our 1st Charge Buy-to-Let products and criteria with effect from 2nd November 2023.
A summary of some of the changes are noted below:
Product Changes
We’ve listened to your feedback and are delighted to announce the addition of two exciting new products to our Complex range, adding to our diverse range designed to help meet the needs of your clients.
- Foreign National* product, rates starting from 6.79%[*Non-UK passport holder, living in the UK without indefinite leave to remain or living outside of the UK]
- First Time Buyer** product, rates starting from 6.09% [**Designed for clients who don’t currently own a residential or Buy to Let property]
- W2 additional fee option available across Standard and Specialist range
Criteria Changes
We have also made changes to our criteria on our Core product range meaning we can now consider lending on:
- Ex Local Authority properties less than 50% privately owned up to 70% LTV, subject to valuers comments
- Investor Led properties up to 70% LTV, subject to valuers comments
- Sub Let agreements* up to 65% LTV*max term of 5 years and break clause requirements and further conditions apply
- No Mortgage History* requirement up to 75% LTV, including Expat and Foreign National up to 65% LTV*must have a UK credit footprint and have owned a UK property for a minimum of 12 months