West One Loans BTL extends borrower exposure to £5m

BTL remortgage

West One Loans’ buy-to-let (BTL) division has made major criteria changes, which will see maximum borrower exposure limits raised by more than three times current levels, thanks to a new funding agreement.


The lender will increase borrower limits from £1.5m to £5m for borrowers who meet W1 credit criteria requirements, as part of its goal to grow its buy-to-let business significantly this year.

West One will also be opening up to larger houses in multi-occupancy (HMOs) as part of the changes, allowing it to consider houses up to 10 bedrooms, instead of the previous six.

West One’s current policy of accepting multi unit freehold blocks (MUFBs) up to 10 units remains in place.

Andrew Ferguson, buy-to-let MD at West One Loans, said: “These criteria enhancements are really great news at the moment, with so much focus on the buy-to-let market and the potential opportunities out there.

“The exposure increase, in particular, allows us to support larger scale portfolio landlords with their financing needs across a range of products and we will be working closely with our intermediary partners to develop this market.

“Following so closely after the funding agreement announcement, it really shows how the business is making very positive steps with real intent to grow.

“Our BTL offering is growing and being received really well in the market. We believe the blend of strong products and criteria, aligned with property sector expertise and a real commitment to customer service, should enable us to really support the sector this year.”

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