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
RESIDENTIAL MORTGAGE UPDATE:
NEW IMPROVED PROCESSES FROM WEST ONE
We’re pleased to share several important updates to our residential mortgage proposition, designed to streamline processes, reduce application to offer turnaround times and provide even more opportunities to place business with West One.
We remain committed to regularly reviewing and improving our processes to ensure they align with the needs of our brokers and customers.
Key Process Updates
Pay Slip Validity
We will require the clients most recent pay slips at submission and they will be valid for 6 months.
Rent Reference Validity
Rent references will also remain valid for 6 months from the date of the letter.
Previous Rental History
Where applicants have lived at their current property for at least 6 months, rental history can now be evidenced via filtered bank statements showing rental payments being made.
Family Mortgage Applications
We are not currently accepting applications from family units e.g. Parent & Child/Sibling applications unless this is a Right To Buy or Shared Ownership application.
RTB Flats
We continue to offer Right To Buy flats without essential repairs, provided the service charge does not exceed 1%.