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
Raising the Bar in Residential Mortgages!
West One has been raising the bar in the residential mortgage market since our launch in 2023. Our sales and underwriting teams take a common-sense approach and understand the requirement and any complexity of the borrower.
Raising The Bar In Residential Mortgages
Our criteria have been designed with ‘real life’ in mind. We listened to our partner, and took this time to understand the challenges for borrowers to ensure our criteria makes a difference for borrowers.
A Reminder Of Our Criteria:
- Flexible approach to affordability designed to maximise borrowing potential
- Loan sizes from £25,000 to £1,500,000
- Minimum age 21 with the loan term ending by age 85
- Right to Buy and Shared ownership products up to 100% Loan to Share Value
- No credit scoring: each case is assessed on its own merits
- Self Employed Applicants with a minimum of 1-year SA302’s up to 85% LTV
- Skilled Worker/Health and Care Worker Visa’s up to 90% LTV
- Capital Raising Remortgages including Debt Consolidation up to 90% LTV
- Unique Free Fast track legal service for remortgage customers offering next day completions
- Over 5 times LTI available through our LTI boost range
- Product options for borrowers with recent and historic CCJ’s, defaults and those with missed mortgage payments
- Minimum income threshold for interest-only borrowers to £15,000 for the main income earner
New – Try our residential affordability and repayment calculator and see how much your client can borrow with West One Loans.
Try Our Residential Calculators
Why West One when it comes to Development Finance
Our development finance range is designed for experienced property developers. We strive to develop closely held relationships to give property developers certainty of finance that they can rely upon to grow their businesses successfully.
Whether you are looking to purchase land, a building that would be demolished or undertake heavy works on an existing building, our development finance range features Ground-up Developments and Heavy Refurbishment finance options.
Reasons to choose Development Finance from West One
- In-house Surveying and Valuation team – Retain skills and services in-house to provide experience and ease for borrowers.
- Speed and certainty of decision – Full autonomy over our credit decisions, with teams having direct access to underwriting, credit, and decision-makers.
- Swift drawdown process – Upon receipt of the Monitoring Surveyor Report funds are released within 24 hours.
- We’re experts in complex cases – Especially when High Street funding is not an option.
- Personal service – You get a dedicated support and underwriter throughout the process.
- Loan size – £1m – £20m – High on referral.
- Initial loan-to-value up to 70%
- Funding 100% of build costs.
To speak with a member of the Development team, please call: 0333 1234 556 or email: [email protected]
For more on West One Development Finance please visit: www.westoneloans.co.uk/development-finance