West One are delighted to announce the introduction of our new online affordability calculator designed to provide our broker partners with the opportunity to run a quick and accurate affordability check prior to submitting an application as part of our website tool kit.
Our affordability calculator is simple and easy to use, giving brokers the opportunity to establish maximum borrowing limits for both our Core Range offering standard LTI’s up to 5.0 times income, and our LTI boost range which offers uncapped LTI’s for borrowers with a minimum household income of £50,000 up to 80% LTV.
Try out our affordability calculator today and compare our maximum borrowing limits for your mortgage clients.
Try Our New Affordability Calculator
- LTI’s up to 5.0 income as standard for first-time buyers up to 95% LTV.
- Uncapped LTI’s over 5.0 times income up to 80% LTV with minimum household income of £50,000 through our LTI boost range
- Up to 100% of regular bonus, overtime, and commission
- Up to 100% of second job income
- Minimum 3 months employment and 12 months self-employment (see rate card for more details)
- Self Employed Income generally assessed using latest SA302
- Agency Workers/Zero Hours Contract with a minimum of 12 months in their current position
- Automated affordability decisions
- No requirement to complete a Full Income & Expenditure Form
- Debts being consolidated directly by West One excluded from the affordability assessment
- Maximum loan terms up to 40 years ending by age 85
- Retirement Age Accepted up to age 75
- Current income relied on for affordability if over 10 years away from retirement
- Interest Only Mortgages up to 75% LTV using interest-only payment for affordability (down-sizing accepted with minimum equity of £150,000)
Do you have a case where you are struggling with affordability? Contact our dedicated intermediary support team to see how we can help support your mortgage customers.
Call: 0333 1234556
Club & Network Partners email: residentialsales@westoneloans.
Specialist Distribution Partners email: brokersupport@westoneloans.co.