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.
Important Product Changes
Following the 0.25% Bank Base Rate rise announced by the Bank of England on Thursday 17th March 2022, moving the rate from 0.50% to 0.75%, the interest rates on our lifetime tracker products are increasing in line with this.
A summary of the changes is noted below:
- Standard Range – Lifetime tracker range, with loans available from 65% up to 75% LTV with no ERC – priced from 4.00% with a 1.75% fee.
- Specialist Range – Lifetime tracker range, with loans available from 65% up to 75% LTV with no ERC – priced from 4.10% with a 2% fee.
All other products from the current range remain unchanged.
New Product Guide
An updated product guide incorporating these changes is available here.