West One revamps buy-to-let range

4 August 2020 | General

West One has relaunched its buy-to-let range, lending up to 75% LTV with loan sizes up to £1m.

The lender has reduced all rates by 0.65%, so they start from 3.59% for standard residential products and 3.79% for specialist products.

The maximum loan size has been increased from £750,000 to £1m, while the LTV was upped from 70% to 75% LTV.

Andrew Ferguson, managing director at West One buy-to-let, said: “Our refreshed range of products and criteria will support our broker partners and demonstrates our commitment to this market.

“We continued to perform strongly during lockdown and are confident our broad range of specialist buy-to-let products, along with repricing across our entire range, provides a compelling and competitive reason to use West One.

“We have further ambitious plans lined up for later this month which will further enhance our offering and we will confirm further details shortly.”

At the same time the lender has revamped its second charge range, offering rates from 3.99%, loans up to £125,000 and LTVs to 70%.

Marie Grundy, sales director for West One, adds: “These major enhancements to both our second charge residential and buy-to-let product ranges represent our most significant set of changes since the onset of lockdown.

“They also underline our commitment to the second-charge market at a time when products are in shorter supply.”

This post has originally been featured in Property Wire.