We are writing to update you on changes to our Buy-to-Let product range effective from close of business today, Friday 23rd June 2023. The revised product range will be available for selection on our broker portal from Monday 26th June 2023.
Please note that we are increasing fixed rates across our entire product range.
Product changes
- Limited-Edition Standard W1 Five-year fixed from 5.54%
- Limited-Edition Specialist W1 Five-year fixed from 5.59%
- Limited-Edition Standard W1 Two-year fixed from 5.70%
- Limited-Edition Specialist W1 Two-year fixed from 5.75%
All other fixed rate products increased by 10-35bps.
All existing fixed rate products withdrawn with effect from close of business Friday 23rd 2023. Tracker products will remain available.
All tracker products have increased by 50bps following the Bank Base Rate rise announced by the Bank of England, Thursday 22nd June 2023.
Pipeline
Where a product rate has increased the case needs to be offered by close of business Monday 24th July 2023. In order to meet this deadline, it is advisable to ensure the application, along with application and valuation fees, are submitted promptly so the case can begin the underwriting process.
Please note the offer deadline dates of 3rd and 13th of July still apply to previous product withdrawals prior to this (if in any doubt regarding the offer deadline for your current case, please communicate with the underwriter).
Registration
If any of your colleagues would like to register to become an introducer to West One Buy-to-Let, please provide them with this link:
Please get in touch if you would like any support or training on submitting a case and we will arrange a training session.
If you have cases to discuss or require any further information, please contact your BDM or the broker support team on 0333 123 4556 or email btlbrokersupport@westoneloans.