West One Update

Product update

We are delighted to announce a series of enhancements to our Residential mortgage range including significant pricing reductions with rates starting from 6.89% as of today!  In addition to our rate reductions, we have launched two further changes including a Cashback product and a new 3-year fixed option.

NEW: Cashback Remortgage Product (Limited Edition) – £500 contribution towards legal fees

We are introducing a cashback remortgage product offering £500 towards legal fees payable on completion. This offer is available for all remortgage customers (excluding unencumbered and transfer of equity mortgages) and can be used in conjunction with our fast-track remortgage services.  

As a reminder our fast-track legal service offers:

• Legal work starts early in the process upon receipt of the application.
• 11 days average completion time from offer stage.
• Puts the borrower back in control of the completion timescales.

Product Update & Pricing Reductions, What’s new?

Introduction of 3-year fixed rates across the range starting from 7.39% aimed at borrowers who don’t fit high street criteria and want a balance between security and flexibility.

For more on the product ranges please see the latest West One product guide: https://bit.ly/3LwROoK

Important Product Changes

We are making changes to our Limited-Edition 1st Charge Buy-to-Let fixed rate product range. The revised fixed rate product range will be available for selection on our broker portal from today, Monday 25th September 2023.

Please note that we are decreasing fixed rates across our Limited-Edition Fixed Rate range.

A summary of some of the changes are noted below:

Product Changes:

12bps reduction across all 2 & 5-year Fixed Rates

Rates now starting from:

• 4.78% Standard 2-year Fixed
• 4.68% Standard 5-year Fixed
• 4.78% Specialist 2-year Fixed
• 4.68% Specialist 5-year Fixed

All existing Limited-Edition Standard and Specialist Fixed rate products withdrawn with immediate effect.

New Product Guide

Updated Product Guide >>

Registration

If any of your colleagues would like to register to become an introducer to West One BTL, please provide them with this link:

Register as an introducer >>

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].

Major Pricing Reductions

We are delighted to announce a number of rate reductions across our second charge product range with effect from Tuesday 26th September 2023.

Apex 0 – rates reduced by up to 0.71%

• 5 yr fixed rates starting from 7.99%
• 3 yr fixed rates starting from 8.70%
• 2 yr fixed rates starting from 9.05%
• SVR tracker from 8.99%

Apex 1 – rates reduced by up to 0.77%

• 5 yr fixed rates starting from 8.99%
• 3 yr fixed rates starting from 9.39%
• 2 yr fixed rates starting from 9.69%
• SVR tracker from 9.75%

Apex 2 – rates reduced by up to 0.65%

• 5 yr fixed rates starting from 9.99%
• 2 yr fixed rates starting from 10.69%
• SVR tracker from 10.75%

Interest Only Large Loan Second Charge Product now starting from 8.99% 

BTL Second Charges also now starting from 8.99%

Early Repayment Charges

For 5 year fixed rates that form part of our new product range, our early repayment charges are changing to 5% / 5% / 4% / 3% / 2%

Our latest product guide dated 25th September 2023 can be found here:

Updated Product Guide – 25th September 2023