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
A broker recently approached us with a challenge that required a high measure of flexibility. Their client was looking to remortgage their Buy-to-Let property in order to release capital for the expansion of their portfolio valued at over £6 million.
They were also nearing the end of a bridging loan with another lender on a detached five-bed London property value at £2.35million. Without a quick remortgage, they faced monthly payments of around £5,500 having taken out a bridging loan with another lender, which was due to expire.
To complicate things further, the client had a few recent credit issues resulting in a low credit score.
Our Bespoke Buy-to-Let team applied their expertise, taking time to understand the individual requirements of our borrower without credit scoring, to understand how we could fight the right solution.
They structured a £700,000 remortgage on our W3 Buy-to-Let product range, reaching offer stage in just 2 weeks and completing six weeks from day-one underwriting to completion. The result? The bridge was cleared in time, thousands were saved in monthly costs, and the client was free to reinvest in expanding their portfolio.
This is exactly the kind of complex, time-critical case our Bespoke Buy-to-Let service was designed for: combining human-led underwriting with the flexibility to find solutions where others might not.
At West One, our Bespoke Buy-to-Let service supports loans up to £15 million, with tailored products for portfolio landlords, large HMOs/MUBs, development exits, offshore SPVs, and share purchase agreements.