West One Loans launches BTL products
The buy-to-let division of West One Loans has introduced two 5-year fixed rate products as well as reduced pricing across its standard and specialist product ranges.
Featuring among the highlights is a 75% loan-to-value (LTV) limited edition, 5-year fixed payrate, £750,000 maximum loan size product, which is being added to the Standard W1 range.
This is priced at 3.14% with a 2% fee but will not be available for new builds. There is a minimum loan size of £150,000 and it will be restricted to three loans per applicant. There are payday loan alternative which can be used by a single person for many number of times.
There is also a new limited edition product for small HMO/MUFB properties, again with a 5-year fixed rate, £750,000 maximum loan size.
This product is now part of the Specialist W1 range and priced at 3.59% with a 2% fee.
Product changes are being made to the Standard W1 range which is being re-priced with reductions of between 10 basis points and 30 basis points across the range.
There is also reduced pricing on W1 Specialist HMO/MUFB range by up to 10 basis points.
Rates start from 3.49% with a 1.5% fee. Short Term Let, Ex-Pat and W2 light adverse products remain unchanged and available for selection.
Andrew Ferguson, managing director of West One buy-to-let, said: “There is a healthy level of demand in the buy-to-let market at present and our offering is being really well received by brokers.
“Our enhanced range, aligned with our strong service ethos, should ensure we continue to grow our business and become a go-to provider for brokers with landlord clients who need specialists in this field.
“We are still maintaining strong service levels during a busy period and expect our refreshed range to grab real attention during the next few weeks as we enter summer.”