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 Buy-to-Let Product Changes
We are making changes to our 1st Charge Buy-to-Let fixed rate products. The revised fixed rate product range will be available for selection on our broker portal from Thursday 27th July 2023.
Please note that we are decreasing fixed rates across our limited-edition product range.
A summary of some of the changes are noted below:
Product Changes
- Standard Limited Edition W1 5-year fixed from 5.45%
- Specialist Limited Edition W1 5-year fixed from 5.54%
- Standard Limited Edition Non-Portfolio 5-year fixed from 5.40%
- Specialist Limited Edition Non-Portfolio W1 5-year fixed from 5.50%
- All 5-year fixed products ICR at payrate
Revised decreased pricing on 2-year fixed rates with rates starting from 5.39%.
All other limited-edition fixed products decreased, Limited-edition tracker products repriced.
We have expanded our range of fee options to create greater choice for brokers in supporting clients with the current ICR challenges.
All existing fixed rate products withdrawn with effect from close of business Wednesday 26th July 2023.
New Product Guide
An updated product guide incorporating these changes is available here.
Registration
If any of your colleagues would like to register to become an introducer to West One BTL, please provide them with this link:
Please get in touch if you would like any support or training on submitting a case and we will arrange a training session.
If you have cases to discuss or require any further information, please contact your BDM or the broker support team on 0333 1234 556 or email [email protected].
5 year fixed rates now starting from 8.10%
We are pleased to announce a series of second charge mortgage rate reductions:
- Apex 0 – 5-year fixed rates reduced to 8.10% up to 65% LTV
- Apex 0 – 5-year fixed rates reduced to 8.70% up to 70% LTV
- Apex 0 – Lifetime SVR tracker product reduced to 3.65% above SVR
The products will be available for selection in our broker portal from Monday 31st July. Full details can be found in our latest product guide available here:
Updated Product Guide – 28th July
Please contact our broker support team should you wish to discuss any new business enquiries or if you require any further assistance: