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
Debt Service Cover Ratio (DSCR) will change to the following
- Short term fixed or variable rate products – based on the higher of a stressed rate of 5.75% (previously 5%) or payrate
- 5 year or longer fixed rates will remain stressed at payrate