We would like to inform you with our NEWEST Residential and Buy-to-Let UPDATES.
Please see the below product changes, we’d be thrilled if you can share with your teams and members.
New Residential Product Update
West One Shared Ownership and Right to Buy products NOW feature Zero Lender fees! Shared Ownership and Right to buy borrowers are also now eligible for our products if they have unsecured credit with up to 2 in 12 missed payments in the last 12 months (providing the account is now up to date).
Shared Ownership:
- Borrow up to 100% loan to share value now also available with zero lender fees
- Rates starting from 6.45%
- 5.0 times income multiples as standard
- Up to 100% of regular bonus/overtime/commission considered
Right to Buy:
- New products now available with “zero” lender fee
- Lower of 100% of discounted purchase price or 75% of OMV
- Ex-local authority flats accepted up to 65% with minimum value of £200,000
- 5.0 loan to income as standard
- Loan term can be taken to age 85
- Up to 100% of regular bonus/overtime/commission considered
Across our Right To Buy and Shared Ownership products we do not credit score, allowing for:
- CCJ’s/Defaults under £500
- Satisfied Defaults
- CCJ’s over £500 satisfied over 12 months ago
- Unsatisfied CCJ’s/Defaults over 24 months ago
- NEW – Unsecured arrears – highest status of 2 in the last 12 months for accounts now up to date
Buy-to-Let New Product Updates
Buy-to-Let Rate Reductions and New Products
We have REDUCED some of our 1st Charge Buy-to-Let fixed rate products.
The changes relate to standard and Specialist Limited Edition, with up to 17bps cut from ALL non-portfolio products and up to 12bps cut from ALL portfolio products.
We’ve also added 5 NEW products across our portfolio and non-portfolio ranges with rates starting at 3.69%