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
West One Buy-to-Let – Important Product Changes
I am pleased pleased to confirm some enhancements to our product range available from today, Tuesday 3rd of May 2022. The revised product range will be available for selection on our broker portal from this date.
Product changes
- Lifetime Tracker Standard W1 products reduced in price by up to 111bps, rates starting from 2.99%, additionally an 80% product has been added to the range
- Lifetime Tracker Specialist W1 products reduced in price by up to 96bps, rates starting from 3.24%
- Lifetime Tracker products now have ERCs over a five-year term at 4/4/3/3/2%
- Product fees on Standard range are 1.75% and 2% on Specialist range
Pipeline
Any deals on the withdrawn Lifetime Tracker range must have the application submitted and any fees paid by close of business Friday 6th May 2022 to secure the product. Then all requested outstanding documentation for these cases must be received by close of business Tuesday 31st May 2022.
Standard Range
All other products from the current range remain unchanged
Specialist Range
All other products from the current range remain unchanged
New Product Guide
An updated product guide incorporating these changes is attached.