West One Loans

West One relaunches 70% LTV on BTL products



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West One Loans has confirmed the relaunch of its 70% LTV BTL product range and is resuming physical valuations.

The specialist lender has made the decision after the government’s announcement to reopen the property market.

The maximum loan size stands at £250,000, and the property value must be £400,000 or under; £300,000 for flats.

The 65% range will still cater for loans up to £750,000, but will be subject to revised product pricing.

Andrew Ferguson, managing director for BTL at West One Loans, said “We are keeping a constant eye on market developments at this time and it its pleasing to be able to make some positive changes to support our broker partners and clients.
 
“The improvement in the valuation position is very welcome news for lenders and brokers and I expect we will see continued growth in activity over the weeks ahead.”

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