Brilliant Solutions

The office will be closed from 5pm today for staff training, open as normal tomorrow. 

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

West One Update

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

NEW LOOK SECOND CHARGE BTL PLANS & APEX 1 RATE REDUCTIONS

We are delighted to announce some new and innovative changes to our second charge product range available with immediate effect.

NEW LOOK SECOND CHARGE BTL PLANS

Green Second Charge BTL Mortgage Product 

We are delighted to become the first second charge lender to introduce a green mortgage product. Landlords offering securities with an EPC rating between A-C will be able to access our lowest ever rate for BTL second mortgages starting from 5.29%.

Introducing BTL Plus

We are also introducing a brand new second charge BTL plan called BTL Plus with rates starting from 5.39% offering enhanced loan sizes and a competitive range of products for landlords.

Green BTL and BTL Plus Features

  • NEW – Access to our lowest ever second charge pricing for BTL borrowers with rates starting from 5.29%
  • NEW – Improved loan sizes up to £350,000 up to 65% LTV with loans up to £500,000 considered by referral
  • NEW – Improved loan sizes up to 75% LTV now available up to £125,000
  • NEW – Variable and 5 year fixed rate plans now available without early repayment charges.

The new products will be based upon borrowers with the following credit profile:

  • No secured arrears in the last 12 months and the mortgage is up to date.
  • Highest of 1 unsecured arrears in the last 12 months and up to date.
  • No unsatisfied CCJ’s/Defaults over £500 in the last 24 months

Our new Standard BTL plan will be available for borrowers with the following credit profile:

  • No secured arrears in the last 12 months
  • Highest of 3 unsecured arrears in the last 12 months
  • No unsatisfied CCJ’s/Defaults over £500 in the last 12 months

PLEASE SEE PAGE 5 OF OUR PRODUCT GUIDE FOR FULL DETAILS ON CREDIT PROFILE ELIGIBILITY FOR ALL PLANS

NEW – Increased Commission

We are also pleased to confirm that our commission will be increasing to 1.75% across all of our second charge BTL loans payable on the net loan amount up to a maximum of £5,000.

NEW – Apex 1 rate reductions

With demand on the rise for longer term fixed rates we have made some significant rate reductions to our 5 year fixed product range for Apex 1 plans with rates reduced by up to 1.06%. Please see our latest product guide for more information.

Latest product guide

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