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
£266k for Complex Sale and Leaseback Commercial Mortgage
A client expanding into the commercial sector, with a strong background as a property professional, identified a £425k office building as a long-term investment aligned with their wider growth strategy, but faced a setback when their original lender withdrew.
With time pressure mounting and a complex sale and leaseback structure in play, they needed a fast, flexible solution, and that’s where West One stepped in, reviewing the case and issuing terms at speed, delivering a £266,370 loan at 66.24% LTV.
The deal was structured as a sale and leaseback, with the existing owner remaining in situ on a 12-month lease, providing immediate income for the client from day one.
Funding from West One enabled the client to complete the purchase without additional valuation costs or delays.
Read the full Case Study
Looking for a lender that delivers? West One brings speed, clarity, and dedicated underwriting to every commercial deal
Residential Mortgage Update: Limited Edition Remortgage Product & Criteria Enhancements
- New Product Launch: Limited Edition Remortgage Product for loan sizes up to £750,000 with rates from 6.24%. The limited edition product also includes a free valuation and free fast-track legals for eligible customers.
- Improved AVM criteria for remortgage customers with increased loan sizes to £500,000 and increased LTV’s to 75%. These changes apply to our Premier, Platinum and Prime Plus Core Product Range.
- Standard LTI’s increased to 5.5 times income – this is applicable to our core product range including Right to Buy Purchases (excludes Shared Ownership).
Updated product guides will be published on our website today.