WEST ONE Reduce rates and increase the maximum loan size to 1 million.

Updated West One Buy-to-Let Criteria and Product Guides

Dear Broker Partner

I am writing to advise you of some further positive changes to our BTL criteria, effective from Monday 3rd August.

– Lending at up to 75% Loan to Value
– Maximum loan size increased from £750k to £1m
– Lending where applicants have been in a payment holiday can now be considered where normal payments have resumed and 2 payments have subsequently been made. Full details of all payment holiday arrangements will be required. Please note we are unable to consider cases where a payment holiday remains in place for any mortgage or secured loan held by the applicant – Please speak to your BDM or our broker desk to discuss any cases where this applies.

Please see below for updated product rate cards reflecting these changes. You will also notice our rates have been reduced by up to 65 basis points, giving you a competitive range of options for your landlord clients.

Apex 0 Standard Range

Apex 0 Specialist Range

As a reminder, we continue to lend to support specialist landlords across a broad range of needs, including expat, holiday let / Airbnb, HMO and Multi Unit Blocks to both individual and Limited Company borrowers.

These changes help us continue to support our intermediary partners and their clients and will be supplemented with some further exciting products to be announced in the near future.

Pipeline cases:

All current products will be withdrawn at close of business Friday 31st July, including the packager semi-exclusive range.

Cases keyed on the portal prior to this will be honoured where required on the current product range, subject to a completed application form and the £150 app fee being received by Monday 10th August.

If any you have new business enquiries or referrals you would like to discuss, please contact the broker support team on 0333 123 4556 or email btlbrokersupport@westoneloans.co.uk.

Best wishes

Andrew Ferguson
Manager Director, Buy-to-Let
West One Loans

T 0333 123 4556
E | btlbrokersupport@westoneloans.co.uk

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