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
West One Buy-to-Let – Important Product & Criteria Changes – Seven-Year and Lifetime Tracker Products Launched
I am delighted to share with you the latest product & criteria changes from West One buy-to-let.
Important Product & Criteria Changes
We are pleased to confirm some enhancements to our product range available from 10th March 2022. The revised product range will be available for selection on our broker portal from this date.
A summary of the changes is noted below:
- Standard Range – A new limited edition, 7-year fixed payrate range, being added to our W1 range with loans available from 65% up to 75% LTV – priced from 3.34% with a 1.5% fee.
- Specialist Range – A new limited edition, 7-year fixed payrate range, being added to our W1 range with loans available from 65% up to 75% LTV – priced from 3.54% with a 2% fee.
- Standard Range – A new lifetime tracker range, being added to our W1 range with loans available from 65% up to 75% LTV with no ERC – priced from 3.75% with a 1.75% fee.
- Specialist Range – A new lifetime tracker range, being added to our W1 range with loans available from 65% up to 75% LTV with no ERC – priced from 3.85% with a 2% fee.
All other products from the current range remain unchanged.
New Product Guide
An updated product guide incorporating these changes is attached.
Important Product Changes
We are pleased to confirm some enhancements to our product range available from today, 14th March 2022. The revised product range will be available for selection on our broker portal today.
We are pleased to offer a new 7-year fixed product to the market which provides additional security for landlords in the current uncertain interest rate environment, coupled with only a 5-year ERC which gives the flexibility to exit the deal after 5 years without penalty.
A summary of the changes is noted below:
Product changes
- Standard Range – A new limited edition, 7-year fixed with 5-year ERC payrate range, being added to our W1 range with loans available from 65% up to 75% LTV – priced from 3.44% with a 1.5% fee.
- Specialist Range – A new limited edition, 7-year fixed with 5-year ERC payrate range, being added to our W1 range with loans available from 65% up to 75% LTV with no ERC – priced from 3.64% with a 2% fee.
All other products from the current range remain unchanged.