West One Loans’ buy-to-let division has increased maximum borrower exposure limits from £1.5m to £5m.
Meanwhile it will now lend on HMOs with up to 10 bedrooms, an increase from six.
Andrew Ferguson, West One Loans’ buy-to-let MD 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.”
The exposure limits have been raised to £5m for those who meet W1 credit criteria requirements.
This post has originally been featured in Property Wire.