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
Significant Updates in Residential and Buy-to-Let Areas
West One would like to update you with significant Buy-to-Let Rate cuts and Residential update. Please see below updates, we’d be delighted if you can share with your members.
Residential Update:
West One are excited to announce that we can secure your clients a remortgage in just 4 days.
With West One’s on-site legal team, flexible product criteria, and manual underwriting approach, West One can support borrowers looking to remortgage.
✔️ Fast track remortgage service provided by our in-house legal team, with previous cases completed in just FOUR DAYS.
✔️ Borrowers have control over when they want to complete, with the option of next-day completions available
✔️ Fixed fee of £99 for all qualifying loan sizes up to £750,000
✔️ 12 days is the average time from offer to completion in 2024!
✔️ For mortgage up to £750,000, including capital raising remortgages up to 90% LTV (including debt consolidation)
✔️ Legal work starts on receipt of the application
But-To-Let Update:
West One have made changes to the Buy-to-Let product range, reductions can be seen across Complex and Impaired credit ranges.
Our Complex range includes:
- Expats – rates from 5.14%
- Foreign Nationals – rates from 6.29%
- First Time Buyers – rates from 5.39%
- Large HMO/MUFB (7+ units) – rates from 5.09%
Our Impaired Credit range includes:
W2 rates from 5.84%
- CCJ or DF within 3 years acceptable providing satisfied
- Ignore mortgage arrears over 2 years (subject to satisfactory explanation)
W3 rates from 6.89%
- 1 unit of adverse accepted in the last 12 months (0 in 3, up to 1 mortgage arrear or CCJ/DF up to £5k)
- Ignore adverse outside of 12 months (subject to satisfactory explanation)
Whether you’re an expat, first time buyer, or have impaired credit, West One are pleased to offer a range of options that cater to your specific needs. Plus, we consider all types of clients and property types.