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 Product Changes
We are writing to update you on some changes to our product range effective from close of business 26th July 2022. The revised product range will be available for selection on our broker portal from 27th July 2022.
We are pleased to announce the launch of 2 new Limited-Edition 5-year fixed rate products for standard and specialist ranges. With rates starting from 4.59% and rental calculation available at payrate.
Also, due to the popularity of our new 2-year discount tracker product for our standard range, we are pleased to announce the launch of a specialist version of the product to the market, allowing now HMO, MUB and other specialist property scenarios, coupled again with No ERC which gives the flexibility to exit the deal without penalty.
A summary of the changes is noted below:
Product changes
- New Limited-Edition W1 5 Year fixed standard product priced at 4.59% with 1.5% arrangement fee
- New Limited-Edition W1 5 Year fixed specialist product priced at 4.79% with 2.0% arrangement fee.
- New W1 specialist 2 year discount tracker range with pricing from 3.54% (W1 revert rate* -2.70%)
*W1 revert rate BBR +4.99%
New Product Guide
An updated product guide incorporating these changes is available here.