West One are delighted to confirm that we are introducing new lower mortgage rates with effect from Wednesday 22nd May.
Our Prime Plus, Prime and Near Prime products will now include a 65% LTV option offering reduced pricing across our fixed rates and lifetime tracker products.
- 5 year fixed rates now starting from 5.87%
- 2 year fixed rates now starting from 6.35%
- Lifetime tracker products now starting from 2.30% above BBR
Our latest product guide can be downloaded here
Updated Product Guide – 22nd May 2024
Improved Affordability
We recently improved our affordability for borrowers taking out short term fixed rates and lifetime tracker products.
Why not see how West One can help your borrowers achieve their maximum borrowing potential?
- LTI of 5 times income as standard
- LTI Boost Products offering LTI’s over 5 times income where household income is at least £50,000
- Mortgage term’s available up to 40 years ending by the borrowers 85th birthday
- Latest year SA302 generally used for affordability
- Up to 100% of bonus and overtime can be included
- Debts being repaid with the mortgage proceeds are excluded from the affordability assessment
You can check out our affordability assessment by completing a maximum of 5 screens in our broker portal or you can check affordability offline by using our calculator:
Affordability Calculator – 2024
Hints and tips on using our calculator:
- Boxes in white allow you to enter figures or use the drop down boxes
- Boxes in blue repopulate based on the figures you enter in some of the white boxes
- If you are not seeing a “PASS” or “FAIL” please go back and check all the boxes have been completed
- Make sure you enter the mortgage repayment
Should you wish to discuss a new case or find out more about working with West One please get in touch with our dedicated broker team:
Email Us: brokersupport@westoneloans.co.uk
Call Us: 0333 123 4556