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 changes to our Limited-Edition 1st Charge Buy-to-Let fixed rate product range. The revised fixed rate product range will be available for selection on our broker portal from Monday 16th October 2023.
A summary of some of the changes are noted below:
Product Changes
Reductions on rates across Limited Edition Portfolio and Non-Portfolio products
- Portfolio 2 year fixed – reductions of up to 29 bps, rates starting at 4.49%
- Portfolio 5 year fixed – reductions of up to 14 bps, rates starting at 4.69%
- Non-Portfolio 2 year fixed – reductions of up to 10 bps, rates starting at 5.22%
- Non-Portfolio 5 year fixed – reductions of up to 15 bps, rates starting at 5.33%
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.
New Product Guide
An updated product guide incorporating these changes is available here.
Service Levels
At West One we pride ourselves on speed of service and currently our SLA’s on Buy-to-Let are as follows:
- Pre-submissions 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:
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].