Brilliant Solutions

The internet is down in our Head Office.  Staff continue to answer the phone and respond to messages but understandably response times and service standards are affected.  Please contact your Relationship Manager directly if you have any urgent issues.  Thank you.

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

West One Update

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 & Criteria Changes

We have some exciting news about changes to our product pricing and credit criteria product ranges available from 24th January 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:

Product changes

  • A new 75% LTV limited edition, 5-year fixed payrate, £200k – £1m max loan size product being added to our Standard W1 range with 3 loans maximum per applicant – priced at 2.99% with a 1.5% fee.
  • A new 75% LTV Small HMO limited edition, 5-year fixed payrate, £750k max loan size product being added to our Specialist W1 range – priced at 3.29% with a 1.75% fee.
  • A new 75% LTV Large HMO limited edition, 5-year fixed payrate, £200k min loan size product being added to our Specialist W1 range – priced at 3.74% with a 1.75% fee.
  • Reduced pricing on selected W1 standard range by up to 10 basis points – rates start from 2.99% with 1.5% fee.
  • Reduced pricing on selected W1 (Specialist HMO/MUB) range by up to 15 basis points – rates start from 3.34% with 1.5% fee.
  • Reduced pricing on our 80% LTV Products on our W1 Standard Range with rates starting from 3.89% with 1.5% fee.
  • Short Term Let and Expat Products – reduced pricing by up to 15bps, short term lets rate now 3.94% with 2% fee, Expat price starting from 3.64% with a 2% fee.
  • A new 65% LTV Expat 5-year fixed payrate product priced at 3.64% with a 2% fee.
  • A new 75% LTV Green Product range, being added to our Standard W1 range with rates from 2.94% with a 1.25% fee.
  • Current W2 products withdrawn and repriced with rates starting from 3.64% with 1.50% fee.

Criteria Changes

  • Loan size maximum increased on Core Standard W1 product range for loans now up to £2m on a single asset at up to 75% LTV (Loans above £1.5 million on referral only and bespoke rates may apply) – W2 maximum loan sizes remain unchanged.
  • Portfolio lending up to £10m per borrower (more than 20 applications or £3m lending by referral and bespoke rates may apply).
  • Leasehold Block exposure increased to 20 units with 100% exposure possible – block discount on valuation will be applied for over 6 units (over 6 units by referral and bespoke rates may apply).

Full details and a copy of the updated product guide are attached.

West One BTL Product Changes
West One BTL Product Guide

Share this:
Scroll to Top