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 making exciting changes to our Core and Complex 1st charge BTL fixed rate product range. The revised fixed rate product range will be available for selection on our broker portal from Wednesday 8th November 2023.
A summary of some of the changes are noted below:
Product changes highlights:
Reductions on rates across Core and Complex products:
- 2 year fixed W1 – reductions of up to 40bps, rates from 4.74%
- 5 year fixed W1 – reductions of up to 35bps, rates starting from 5.54%
- 5 year fixed W2 – reductions of 30bps, rates starting from 6.74%
- Holiday let 2 & 5 year fixed – reductions up to 35bps – rates starting from 5.84%
- Large HMO/MUB – reductions up to 35bps – rates starting from 5.99%
- Expat 2 & 5 year fixed – reductions of 35bps – rates starting from 5.94%
- Foreign Nation 5 year fixed – reductions of 25bps – rates starting from 6.54%
- First Time Buyer 5 year fixed – reductions of 35bps – rates starting from 5.74%
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.
As a reminder, our complex range includes Large HMO/MUB, Holiday Let, Expat and the new First Time Buyer and Foreign National as announced in the broker brief issued on the 1st November 2023.
New Product Guide
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 hours
Registration
If any of your colleagues would like to register to become an introducer to West One Buy-to-Let, please provide them with this link: