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
How West One’s flexible criteria saved the deal
A recent case saw a borrower seeking further funds to renovate a property before selling the property as the exit to the bridge. Despite works being undertaken and ‘Valuers comments’ resulting in the downgraded of the valuation of the property.
With a ‘reason to lend’ approach West One increased the LTV by 3% to support the borrower and ensure the deal was completed in a timely manner to suit all parties.
West One’s Bridging team strives to provide the best service and attention to detail to ensure there are no delays. This recent case demonstrates West One’s flexibility, hands-on approach, and experience working on complex deals and getting them over the line.