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
Following the 0.50% Bank Base Rate rise announced by the Bank of England on Thursday 4th August 2022, moving the rate from 1.25% to 1.75%, the interest rates on our lifetime tracker and stepped discount products are increasing in line this.
A summary of the changes is noted below:
Product Changes
- Standard Range – Lifetime tracker range with 2 or 5-year ERC, with loans available from 65% up to 80% LTV – priced from 4.14% with a 1.75% fee.
- Specialist Range – Lifetime tracker range with 2 or 5-year ERC, with loans available from 65% up to 75% LTV – priced from 4.39% with a 2% fee.
- Standard Range – 2 year Stepped Discount range, with loans available from 65% up to 80% LTV with no ERC – priced from 3.79% with a 2% fee.
- Specialist Range – 2 year Stepped Discount range, with loans available from 65% up to 75% LTV with no ERC – priced from 4.04% with a 2% fee.