West One Loans

West One updates BTL products and criteria

West One has revamped its BTL product range.

The refreshed product offerings include rates now starting from 3.34%.

The specialist lender has also introduced two new product ranges, W1 and W2.

The W1 range is for clients with clean credit profiles, while the new W2 products will mirror the previous Apex 0 offering, which have now been retired and replaced.

The new W1 plan’s adverse criteria are as follows: 

  • no defaults or CCJs registered in the last 72 months — including those which have been satisfied
  • no mortgage or secured arrears in the last 36 months
  • for unsecured loans — no arrears in the last 36 months
  • no current or previous bankruptcy or IVA
  • no current or previous payday loans
  • no current or previous DMP.

The adverse criteria for W2 will mirror the previous Apex 0 product. 

The maximum single loan size has been increased to £1m up to 75% LTV on both standard and specialist W1 & W2 plans.

In addition, the maximum loan term has been reduced to 25 years (previously 30 years).

All of the existing limited edition products and expat availability have now been withdrawn.

Cases keyed on the portal prior to this will be honoured where required on the current product range, subject to minimum application requirements and the £150 app fee being received by close of business on 9th November 2020.

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