West One, the specialist bridging finance and buy to let finance lender, has made changes to its BTL product suite, including lowered rates and criteria changes.
In the green product range at 65% LTV, rates now start from 2.99% for a 2-year fix, with a 1.25% product fee.
The lender has also introduced new, limited edition large loan products. The 5-year fixed rate starts from 3.07%, for loan sizes from £350,000 to £1m, with a 1.5% product fee for standard houses. For HMOs and MUFBs (up to 6 bedrooms), the 5-year fixed rate product is available at 3.38% for loan sizes of £350,000 to £1m, with a 1.75% product fee.
West One is also now considering new build properties at up to 75% LTV without requiring a prior referral.
Andrew Ferguson, managing director for West One Loans buy-to-let division, said: “These new products and rate changes support our aspiration to become the ‘go-to option’ for brokers in the buy-to-let arena.
“Our continued focus on service delivery and common-sense underwriting, aligned with these product 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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In September, West One launched its ‘Funding the Future‘ campaign, a new environmental sustainability initiative. This is supported by Enra Specialist Finance, West One’s parent company.