We are pleased to announce some enhancements to our residential mortgage product range.
Shared Ownership – Dual Representation Now Available
We can now offer the options of dual representation legal services for Shared Ownership purchases and remortgages. This service will be available exclusively through Gorvins Residential LLP and will be subject to our standard fee scale for Dual Representation. We will instruct our conveyancing partner at application stage to help speed up the legal process.
Here is a reminder of some of the key benefits of our shared ownership range:
- No deposit required with up to 100% Loan to Share Value
- LTI of up to 5.0 times income as standard
- Small satisfied and unsatisfied CCJ’s and defaults ignored
- Unsatisfied and satisfied CCJ’s and defaults over £500 accepted if over 12 months old
- Missed payments on unsecured accounts acceptable if up to date
Reduced Minimum Income for Interest Only Borrowers
We have reduced our minimum income threshold for interest only borrowers to £15,000 for the main income earner (excluding benefits and state pension). Here are the benefits of taking out an interest only mortgage with West One:
- Available up to 75% LTV
- Maximum Age 75 at the end of term
- Downsizing accepted as a repayment strategy
- Affordability assessment based on interest only mortgage payment
(Debt consolidation not permitted for borrowers taking out an interest only mortgage)
Our dedicated intermediary support team are available to assist you with any potential cases you would like to discuss, or if you are interested in learning more about our extensive range of mortgage products.
Call: 0333 123 4556
Email: residentialsales@westoneloans.
Visit Us: www.westoneloans.co.uk