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
SECOND CHARGE – Extended Offer Deadline Date For Second Charge Pipeline Cases!
We are delighted to confirm that we are extending the offer deadline date to honour pipeline cases from our Second Charge Product Range dated 5th January 2024.
The offer deadline has now been extended from Friday 23rd February to Friday 8th March to allow you more time for your applications to reach offer stage.
This applies to cases where a valid ESIS has been produced prior to products being withdrawn and reaches offer stage by Friday 8th March.
Thanks as always for your fantastic support and please contact our broker support team if you have any questions or require further assistance.
BUY-TO-LET – Important Product Changes
We are making changes to our Core 1st Charge Buy-to-Let fixed rate product range with effect from close of business today, 7th February 2024. The revised fixed rate product range will be available for selection on our broker portal from tomorrow, Thursday 8th February 2024.
A summary of some of the changes are noted below:
Product changes highlights:
Reductions on rates across the Core product ranges of up to 20bps
- 5-year fixed Standard W1 – reductions of 20bps, rates starting from 4.19%
- 5-year fixed Specialist W1 – reductions of 20bps, rates starting from 4.29%
A wide range of fee options available which are product specific ranging from 2.50% to 9.99% which provides your clients with choice depending on their individual circumstances.
New Product Guide
An updated product guide incorporating these changes is available here.
Service Levels
At West One we pride ourselves on speed of service and currently our SLA’s on Buy-to-Let are as follows:
- Pre-submission referrals – dealt within 2 hours
- Submitted Applications – fully underwritten and updated within 24 hours