Andrew Ferguson, West One

West One launches limited edition BTL products




West One has today (12th August) launched two limited edition BTL products which are available for standard and specialist landlords.

The loans benefit from West One’s ‘no credit scoring’ approach, with specialist underwriting on all applications.

The announcement follows the recent news that West One relaunched its BTL and second charge proposition.

What are the two new products?

Five-year fixed rate

A five-year fixed-rate loan with a maximum 75% LTV, with three-year ERC. 

Rates start at 4.04% on loan sizes from £50,000 to £1m, with terms from five to 30 years. 

It is available for houses, leasehold flats and maisonettes, new-builds, HMOs, MUFBs and holiday lets (including Airbnb).

£250,000 maximum loan size

The other offering is a £250,000 maximum loan product. 

This loan has a fixed rate of 3.59% (in the standard range) and 3.79% (for specialist properties), both fixed for five years. 

Maximum LTV is 70% with a minimum loan size of £50,000, and terms run from five to 30 years. 

A key feature for both loans is faster completions and reduced legal fees for qualifying remortgages, up to a maximum of £750,000, where relevant.

Andrew Ferguson, managing director at West One BTL (pictured above), said: “Following the refresh of our product range at the beginning of the month, we promised further enhancements to support our broker partners. 

“These limited-edition products fill certain criteria for both standard and specialist landlords looking to expand their portfolios. 

“The added flexibility within the five-year fixed rate with three-year ERC product is something our broker partners have been asking for, so I anticipate strong demand for this.”

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