June 11, 2018
We are now able to offer residential Second Charge mortgage products to borrowers whose main residence is located in mainland Scotland.
Intermediaries - and their clients based in Scotland - now have access to our comprehensive range of products for residential Second Charges including Prime and Near Prime plans.
The Second Charge mortgage products include access to 5-year fixed rates starting from 4.65%, LTV’s up to 85% and loan sizes up to £500,000.
To facilitate access for Scottish based clients, we have partnered with independent specialist finance brokers The Lending Channel. Based on the banks of the river Tay in Perth, Scotland, the secured loan brokers will provide greater distribution and local market knowledge.
Marie Grundy, Sales Director said “We’re delighted to bring West One Secured products to the Scottish market, to increase the choice available to consumers who would benefit from second charge mortgages. We’re delighted to work with award winning brokerage The Lending Channel on bringing this product to market.
“Murray and Alistair Ewing lead a highly experienced and professional team and we are delighted that they will now be able to extend second charge options for their intermediaries and clients by adding us to their lending panel.”
Alistair Ewing, Managing Director of The Lending Channel said “As an independent broker, we work with clients who wish to raise finance for a variety of purposes without disturbing their existing first charge mortgage – and this gives them a wider range of options. Many parts of Scotland are becoming UK property hotspots, and recent reports show we’re experiencing the highest year-on-year house price growth here since April 2008, creating second charge borrowing opportunities for residential property owners.”
For more information on how to access these products, give us a call on 020 8736 2297 or send us a message.