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
Important Product Changes
We are writing to update you on some changes to our product range effective from close of business 6th July 2022. The revised product range will be available for selection on our broker portal from 7th July 2022.
We are pleased to offer a new 2-year discount tracker product to the market, coupled with No ERC which gives the flexibility to exit the deal without penalty.
A summary of the changes is noted below:
Product changes
- All current lifetime tracker products to be withdrawn
- New W1 lifetime tracker range for both standard and specialist applications available with pricing from 3.64% (BBR +2.39%) with 2 and 5 year ERC’s
- New W1 2 year discount tracker range with pricing from 3.29% (W1 revert rate* -2.95%)
*W1 revert rate BBR +4.99%
New Product Guide
An updated product guide incorporating these changes is available here.
Pipeline Cases
Products being withdrawn will be unavailable for selection from close of business today, Wednesday 6th July 2022.
All outstanding documentation must then be submitted to enable the case to progress to offer by Friday 5th August 2022.
Offer Validity Period Buy to Let
Please note with immediate effect all new offers on our buy to let range will have a 60-day validity period (reduction from 90 days).