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 Product Changes
We are writing to update you on changes to our BTL fixed rate product range effective from Midday Monday 10th July 2023. The revised fixed rate product range will be available early next week and details of the new products including a new product guide will follow.
Please note that we are increasing fixed rates across our entire product range.
All existing fixed rate products withdrawn at Midday Monday 10th July 2023.
All tracker products remain unchanged and are available for selection as usual.
Pipeline
Where a product rate has increased the case needs to be offered by close of business Monday 14th August 2023. In order to meet this deadline, it is advisable to ensure the application, along with application and valuation fees, are submitted promptly so the case can begin the underwriting process.
Please note the offer deadline dates of 13th and 24th of July and 2nd August still apply to previous product withdrawals prior to this (if in any doubt regarding the offer deadline for your current case, please communicate with the underwriter).
Registration
If any of your colleagues would like to register to become an introducer to West One BTL, please provide them with this link:
Register as an introducer
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 on 0333 123 4556 or email [email protected].
Important Buy-to-Let Product Changes
As per our communication on Friday 7th July, we are making changes to our 1st Charge BTL fixed products. The revised fixed product range will be available for selection on our broker portal from today, Tuesday 11th July 2023.
Please note that we are increasing fixed rates across our entire product range.
A summary of some of the changes are noted below:
Product changes
- Limited-Edition Standard W1 Five-year fixed from 6.17%
- Limited-Edition Specialist W1 Five-year fixed from 6.17%
- Limited-Edition Standard W1 Two-year fixed from 6.35%
- Limited-Edition Specialist W1 Two-year fixed from 6.40%
All other fixed rate products increased by 15 to 25bps
All existing fixed rate products withdrawn with effect from Midday Monday 10th July 2023.
Pipeline
Where a product rate has increased the case needs to be offered by close of business Tuesday 8th August 2023. In order to meet this deadline, it is advisable to ensure the application, along with application and valuation fees, are submitted promptly so the case can begin the underwriting process.
Please note the offer deadline dates of 13th and 24th of July and 2nd August still apply to previous product withdrawals prior to this (if in any doubt regarding the offer deadline for your current case, please communicate with the underwriter).
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 on 0333 1234 556 or email [email protected].