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
Second Charge Product Update: Introducing New Extra Products and Criteria Improvements
We are delighted to announce a new range of “Extra” products for second charge mortgage customers, alongside a series of criteria enhancements with effect from 5th August 2026.
The changes include new improved AVM criteria, increased loan sizes and the introduction of a new Near Prime Extra product up to 85% LTV.
As a reminder our Extra range offers a range of higher LTV products up to 97.5% LTV, uncapped LTI’s, flexible loan sizes and AVM’s up to 85% LTV.
Key Changes
NEW IMPROVED AVM CRITERIA (EXTRA PRODUCTS)
We have improved our AVM criteria to offer a more streamlined application process as part of our criteria improvements within our Extra Product Range.
The changes include:
- Lower Confidence level for LTV’s up to 60% and 75% LTV
- Increased loan sizes from £500,000 to £650,000 up to 85% LTV
NEW NEAR PRIME CREDIT TIER NOW AVAILABLE IN OUR EXTRA PRODUCT RANGE UP TO 85% LTV
We can now offer Near Prime products within our “Extra” product range with LTV’s ranging from 75% to 85% LTV. This new credit tier would include options for borrowers with the following credit profile:
- Unsatisfied defaults> £500 – 1 in the last 12 months
- Unsatisfied CCJ’s > £500- 2 in the last 12 months (Individual CCJ’s of £10k and over by referral)
- Acceptance of satisfied CCJ’s and Defaults
- Up to 2 missed mortgage payments in the last 12 months (0 in the last 3 months)
- Acceptance of unsecured arrears with balances greater than £500 (where being cleared with the loan proceeds)
- Discharged DMP’s over 12 months old
- Current DMP’s/IVA’s accepted where being discharged by the loan proceeds
- Bankruptcies discharged over 3 years ago accepted
- Payday loans over 3 months old
NEW IMPROVED MAXIMUM LOAN SIZES ACROSS THE EXTRA RANGE
We have increased loan sizes for the majority of LTV bandings across the Extra Product Range. Highlights include loan sizes up to £900,000 now available up to 75% LTV as well as loan sizes up to £350,000 for 90% LTV and £300,000 for 92.5% LTV in our Platinum Extra and Prime Plus Extra ranges.
Introducing New Extra Products and Criteria Improvements for Residential Mortgage Customers
We are delighted to announce a new range of “Extra” products for residential mortgage customers, alongside a series of criteria enhancements with effect from 5th August 2026.
As a reminder our Extra range offers a range of higher LTV products up to 97.5% for first time buyers, home movers and remortgage customers.
The product range also includes greater flexibility for borrowers requiring larger loan sizes at higher LTV’s and includes LTI’s up to 6.5 times LTI as standard.
Key Changes
NEW PRIME CREDIT TIER NOW AVAILABLE IN OUR EXTRA PRODUCT RANGE UP TO 90% LTV COMBINED WITH UP TO 6.5 TIMES LTI
We can offer prime products within our higher LTV “Extra” product range with LTV’s ranging from 85% to 90% LTV combined with income multiples up to 6.5 times income as standard. This new credit tier would include options for borrowers with the following credit profile:
- Unsatisfied defaults and CCJ’s over £500 over 6 months old
- Acceptance of satisfied CCJ’s and Defaults
- Up to 1 missed mortgage payment in the last 12 months (0 in the last 6 months)
- Acceptance of unsecured arrears where being cleared by the mortgage
- Discharged DMP’s over 36 months old
- Payday loans over 6 months old
NEW IMPROVED MAXIMUM LOAN SIZES ACROSS THE EXTRA RANGE
Maximum loan sizes of up to £1,000,000 are now available through our Extra product range in addition to increased loan sizes for the majority of LTV bandings. Full details of the changes are highlighted below:
Premier Extra & Platinum Extra
- Up to 85% LTV – Loan sizes increased from £750,000 to £1,000,000
- Up to 90% LTV – Loan sizes increased from £600,000 to £850,000
Prime Plus Extra
- Up to 85% LTV – Loan sizes increased from £650,000 to £850,000
- Up to 90% LTV – Loan sizes increased from £500,000 to £700,000
- Up to 95% LTV – Loan sizes increased from £500,000 to £600,000
Prime New Plan
- Loan sizes of £550,000 up to 85% LTV
- Loan sizes of £500,000 up to 90% LTV
NEW IMPROVED AVM CRITERIA (EXTRA PRODUCTS) – REMORTGAGES AND PURCHASES
We have improved our AVM criteria to offer a more streamlined application process for both remortgage and purchase transactions as part of our criteria improvements within our Extra Product Range offering lower confidence levels for LTV’s up to 50% and 70% LTV.
We are confident these new product and criteria enhancements will give you even more reasons to place business with West One.