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
Buy-to-Let: Important Product Changes
We are writing to update you on changes to our Buy-to-Let product range effective from 31st May 2023. The revised product range will be available for selection on our broker portal from this day.
Please note that we are increasing fixed rates across our entire product range.
A summary of some of the changes are noted below:
Product changes
- Standard W1 Five-year fixed from 5.14%
- Specialist W1 Five-year fixed from 5.19%
- Standard W1 Two-year fixed from 5.10%
- Standard W1 Two-year fixed from 5.15%
All other fixed rate products increased by 50 to 60bps.
All existing products withdrawn with effect from close of business 30th May 2023.
All tracker products remain unchanged.
New Product Guide
An updated product guide incorporating these changes is available here.
Pipeline
Where a product rate has increased the case needs to be offered by close of business Monday 3rd July 2023. In order to meet this deadline, it is advisable to ensure the application, along with application and valuation fees, are submitted promptly so the case begin the underwriting process.
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 123 4556 or email btlbrokersupport@westoneloans.