West One, the specialist bridging finance and buy to let finance lender, has made a series of product and criteria changes to its BTL range.
Fees have been reduced across most of the five-year fixed suite on the standard W1 product range. For HMOs and MUBs, the specialist W1 products have had rates reduced, now offered from 3.44% with a 1.5% fee.
Changes have also been made to the five-year fixed term holiday let, now offered from 4.09% and expat products, now offered from 3.84%. These are now available up to 75% LTV, which also applies to all MUFB products in this range.
The lender has also launched new products, including a limited edition 75% LTV in the standard W1 range. In the specialist W1 range, a limited edition five-year fix at 2.49%, with a 2% fee, has been added with loans of up to £750,000 for small HMOs and MUFBs.
Some products have now been withdrawn, including the five-year fixed term at 3.59% for small HMOs and MUFBs, which was a limited-edition.
Andrew Ferguson, managing director at West One, said: “We’re making these changes today in response to a busy BTL market where we’ve been able to expand our distribution this year and enable more brokers and clients to benefit from the strength of our proposition.
“Our continued focus on service delivery aligned with these rate changes mean we are well placed to support our broker partners and their landlord clients as we move towards the end of the year.”
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West One recently hired Nick Jones, previously commercial director at Roma Finance, as its new sales director.