West One BTL adds new seven-year and lifetime tracker products
West One Loans has added from Monday a raft of new products to its comprehensive buy-to-let product range. The new products include seven-year fixed payrate products, both standard and specialist, and a new lifetime tracker range, also available for standard and specialist properties.
All of the products are available from 65% up to 75% LTV and the standard seven-year product is priced from 3.44% with a 1.5% fee. The specialist range is designed to finance more complex transactions such as HMOs and MUFBs and the seven-year product is priced from 3.64% with a 2% fee.
The lifetime tracker products are also available from 65% up to 75% LTV and have no early repayment charge. The standard is priced from 3.75% with a 1.75% fee. The specialist is priced from 3.85% with a 2% fee.
West One’s buy-to-let division has significantly expanded distribution over the last year, and the director of the division, Andrew Ferguson, Managing Director of Buy-to-Let, explained:“Our continued focus on service delivery aligned with these new products mean we are well placed to support our broker partners and their landlord clients.
“There is strong demand in the buy-to-let market and more and more landlords are looking for longer-term mortgages, and the seven-year products we are now offering gives them that option.
“These new products are the latest benefit for brokers working with West One. The team already provides speed, certainty and expertise, and these new products provide even more flexibility for brokers and their clients.
“The team applies an individual approach to underwriting, reviewing each case on its merits and ensuring we support clients with the smooth and secure purchase or re-mortgage they require.”
West One’s buy-to-let division specialises in complex transactions such as large portfolios, large block exposures, HMO/MUFBs, holiday lets and will consider ex-pat applicants. Loans are all manually underwritten and are available for houses, leasehold flats, maisonettes, and new build properties.