We are delighted to announce the launch of Residential Products with West One!

Why West One?
As one of the UK’s leading specialist mortgage lenders, West One offers a comprehensive range of Residential mortgage products to borrowers who maybe underserved by the High Street. As a specialist lender, borrowers with more complex circumstances who may struggle to secure a mortgage with other lenders, can find solutions with West One. Due to West One’s personal approach to underwriting, flexibility and willingness to understand individual circumstances, these can prove the difference in borrowers having a mortgage accepted.

Key West One Residential selling points from Residential product ranges:

  • Purchase, Remortgage and Unencumbered Products available
  • Standard maximum LTI up to 5.0 times income across all plans
  • LTI’s over 5.0 times income considered on Prime Plus Flex and Prime Flex subject to meeting eligibility
  • LTV’s up to 85% including First Time Buyers
  • Flexible loan sizes from £25,000 to £1,000,000 over a 5-40 year payment term
  • Capital raise for almost any legal purpose including debt consolidation up to 85% LTV
  • Fixed lender fees ranging from £995 – £2995

It’s easy as 1,2,3 to register with West One Loans:
1. Visit the West One website and register to become an introducer Here
2. Call West One broker support team on 0333 1234556 ‘choosing option 3’
3. Email West One broker support team on brokersupport@westoneloans.co.uk

West One launches new ‘Platinum’ residential range with fixed rates starting from 5.45%

West One Loans has launched a new range of residential mortgages with rates up to 94 basis points lower than its existing product set.
The specialist lender’s new ‘Platinum’ range has five and two-year fixed rates starting at 5.45% and 5.59%, respectively – 79 and 90 basis points lower than equivalent products in its existing ranges.
The new range is available to first-time buyers, home movers and remortgage customers and sits alongside West One’s existing Prime Plus, Prime and Near Prime product sets.

The Platinum range also has its own unique criteria, including:
• Maximum loan size of £1m (Max £500k for unencumbered properties)
• Maximum LTV of 70%
• Maximum LTI of 4.5 times income
• Interest only available up to 65% LTV
• Mortgage/secured arrears – 0 in last 12 months, allowing for one missed payment in the last 24 months
• CCJ’s and defaults – 0 in 24 months.

The launch follows West One’s recent decision to switch from percentage based fees to a flat-fee structure for its residential ranges. The move will benefit the vast majority of borrowers with arrangement fees fixed between £995 and £2,995, depending on the loan size.

Marie Grundy, managing director of West One’s residential and second charge divisions, said: “We’re absolutely thrilled to be able to launch such a highly competitive new range of residential deals so quickly after launching into this area of the market. “We’ve spent the past few months fine-tuning our criteria and making sure that it delivers on our promise to help those who are underserved by the high street.

“We’re confident it does but with the launch of this new range, we now have a pricing proposition that is a match for anything in the specialist residential market.

“We are able to offer such competitive pricing because we have an extremely strong and diverse funding network; and that is because our investors have confidence in our ability to lend prudently and at scale.

“We are very happy with what we have achieved in our first seven months in the residential space, but we have ambitions to rapidly grow our market share.”

View product guide Here