Specialist Hub secures packager status with West One
Specialist Hub has acquired semi-exclusive access, and packager status at West One for regulated first charge mortgage.
Specialist Hub's lending portfolio includes commercial and semi-commercial, regulated and unregulated bridging, specialist buy-to-let, and residential first and second charge mortgages.
The company has nearly 40 years of experience in the specialist finance market, providing specialist financial products for mortgage brokers, Independent Financial Advisers, and other industry professionals.
Tony Sutton, Managing Director at Specialist Hub, said:"We are thrilled to now have packager status for West One's regulated first charge products, as well as semi-exclusive access to these.
"This product range meets the needs of clients underserved by the high street.
"It will also assist those who would benefit from a more bespoke approach to underwriting, including those with a less than optimum credit score or who may have some adverse credit."
Especially in 2005, West One is one of the largest specialist lenders in the market, offering a comprehensive range of specialist lending products to support property investment professionals and homeowners alike.
The company launched their first ever range of residential mortgage products last month through a limited panel of specialist distributors.
The range is open to first-time buyers, home movers and remortgage clients, as well as borrowers with unencumbered properties.
Remortgage clients can capital raise up to 85% LTV for most legal purposes, and could also benefit from West One's fast track remortgage service provided by their in house legal team. AVM's are also available for certain loan sizes.
West One can also consider LTI's above 4.5 times income via their Prime Plus and Prime Product range for home movers, and remortgage clients who have a minimum household income of £50,000.
Marie Grundy, Managing Director, Residential Mortgages and Second Charges, West One Loans added: “We are delighted to be offering our range of residential mortgage products through the highly experienced team at Specialist Hub.
“They can now provide intermediaries access to our entire range of West One lending products including bridging, development finance, buy-to-let and second charge mortgages.
“Their expertise in the specialist lending market will enable more borrowers to access the most suitable product to meet their circumstances at a time when borrowers can really benefit from a more holistic advice service to identify the right product to meet their needs.”
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