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.
Important Product Changes
We are pleased to confirm some product changes within our BTL range that take effect from Wednesday 27th October 2021. Our new product range reflecting this change will be available for selection on our broker portal from this date.
A summary of the changes is noted below:
We are moving from LIBOR to Bank Base Rate tracked reversion rates across all products for new submissions.
New reversion rate will be BBR +4.99% which applies on both our standard and specialist product ranges.
BBR floor will be set at 0.25%.
- Any pipeline cases not yet offered will be moved on to the equivalent BBR tracker product.