West One would like to update you with significant Buy-to-Let Rate cuts and Residential update. Please see below updates, we’d be delighted if you can share with your members.
Residential Update:
West One are excited to announce that we can secure your clients a remortgage in just 4 days.
With West One’s on-site legal team, flexible product criteria, and manual underwriting approach, West One can support borrowers looking to remortgage.
- Fast track remortgage service provided by our in-house legal team, with previous cases completed in just FOUR DAYS.
- Borrowers have control over when they want to complete, with the option of next-day completions available
- Fixed fee of £99 for all qualifying loan sizes up to £750,000
- 12 days is the average time from offer to completion in 2024!
- For mortgage up to £750,000, including capital raising remortgages up to 90% LTV (including debt consolidation)
- Legal work starts on receipt of the application
But-To-Let Update:
West One have made changes to the Buy-to-Let product range, reductions can be seen across Complex and Impaired credit ranges.
Our Complex range includes:
- Expats – rates from 5.14%
- Foreign Nationals – rates from 6.29%
- First Time Buyers – rates from 5.39%
- Large HMO/MUFB (7+ units) – rates from 5.09%
Our Impaired Credit range includes:
W2 rates from 5.84%
- CCJ or DF within 3 years acceptable providing satisfied
- Ignore mortgage arrears over 2 years (subject to satisfactory explanation)
W3 rates from 6.89%
- 1 unit of adverse accepted in the last 12 months (0 in 3, up to 1 mortgage arrear or CCJ/DF up to £5k)
- Ignore adverse outside of 12 months (subject to satisfactory explanation)
Whether you’re an expat, first time buyer, or have impaired credit, West One are pleased to offer a range of options that cater to your specific needs. Plus, we consider all types of clients and property types.