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 Update – SVR Decrease Notification
Following the announcement by the Bank of England of a cut in interest rates, we will be decreasing our standard variable rate by 0.25%.
Standard Variable Rate Decrease
Our standard variable rate will decrease from 4.25% to 4.00% effective from 1st of January 2026 and as a result, the rates of interest applicable to our variable rate products which can be selected in our broker portal.
- Cases not yet offered – We will require you to issue a new ESIS to reflect the new rate of interest and the revised monthly payment.
- Cases offered but not yet completed – We will issue you with a letter which will include the revised monthly payment and new interest rate, which must be sent to the borrower(s) prior to completion.
Our product guide of January 2026 has been updated to reflect the new SVR.