We are glad to be adding a fresh twist on Second Charge Mortgages with an updated selection of products.
Shaking Up Second Charge:
- NEW Fixed rates starting from 6.49%
- NEW Brand new range of products with updated credit eligibility rules
- NEW Improved DSCR Assessment and reduced stress test for BTL borrowers – 1% stress on prior ranking charge
- NEW interest only now available for standard loan sizes and a minimum income of £15,000
- AVM’s available up to 80% LTV
- LTI’s over 6.5 times income available up to 85% LTV
- 1 year trading for self-employed available on all plans
Our dedicated specialist distribution team are available to assist you with any questions you may have about the new product range, or if you would like to discuss a new enquiry, or you can contact our broker support team on: 0333 1234 556 or brokersupport@westoneloans.