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 Buy-to-Let Update: Important Product Changes
We will be implementing changes on our 1st Charge BTL product range. The revised product range will be available for selection on our broker portal from Wednesday 8th January 2025.
The changes affect our Limited Edition, Standard, Specialist and Complex product ranges.
A summary of some of the pricing changes are noted below:
Product changes:
- Rate increase on Limited Edition, Standard, Specialist and Complex product ranges.
- 2-year fixed rates now starting from 2.59%
- 5-year fixed rates now starting from 4.28%
We offer a wide range of products, with fees ranging from 1.00% to 9.99%, providing your clients with a variety of options depending on their individual circumstances. (1% fee option not currently available on Limited Edition product range)
New Product Guide
An updated product guide incorporating these changes is available here.
View Updated Product Guide – Jan 2025
Pipeline Management
To qualify for the current rates (prior to the rate increase), all cases need to be dipped on our broker portal by close of play today, with a product selected, application form submitted and the application fee paid, by Tuesday 14th January 2025. All cases on these rates must reach offer stage by Friday 14th February 2025 at 5pm.
In order to meet the offer deadline, it is advisable to ensure all fees and required documents are submitted shortly.
Service Levels
At West One we pride ourselves on speed of service and currently our SLA’s on BTL are as follows:
- Pre-submission referrals – dealt with within 2 hours
- Submitted Applications – fully underwritten and updated provided within 24 – 48 hours currently
Registration
If any of your colleagues would like to register to become an introducer to West One BTL, please provide them with this link:
Please get in touch if you would like any support or training on submitting a case and we will arrange a training session.
If you have cases to discuss or require any further information, please contact your BDM or the broker support team at 0333 1234 556 or email [email protected].