WestOne – Relaunches 2nd charges at 75% for residential and 65% for BTL

We are pleased to announce a series of enhancements to our Second Charge product range with immediate effect.

Highlights of the changes include:

Reintroduction of our BTL Second Charge product range
New criteria for self-employed borrowers up to 75%
AVMs now available up to 65% on Apex 1 plans
Restrictions on acceptable loan purposes removed
We have also taken the opportunity to make some changes to our wider criteria and provide further clarity where appropriate on our current approach to lending. The changes are summarised in the documents below:

BTL product guide
Updated Apex 1 product guide
Updated Apex 2 product guide
Criteria guide
Summary of changes

These positive changes reaffirm our commitment to the Second Charge Market and we will continue to review the ongoing situation to identify further opportunities to support our broker partners and customers.

If your teams would benefit from a more detailed overview of the changes made and the opportunities to place business with West One we can offer training via video conferencing tailored to your needs.