August 12, 2020
We have just launched two Limited Edition Buy-to-Let (BTL) product ranges today, both of which are available for standard and specialist landlords. The loans continue to adopt our ‘no credit scoring’ approach, with specialist underwriting on all applications.
The limited edition 5-year fixed rate loan range, has a maximum 75% LTV, with a 3-year ERC. Rates start at 4.04% on loan sizes from £50k to £1,000,000 with terms from five to thirty years. This loan is available for houses, leasehold flats and maisonettes, new -builds, HMOs, MUFBs and holiday lets (including Airbnb).
The £250k maximum loan range has a fixed rate of 3.59% (in the standard range) and 3.79% (for specialist properties), both fixed for five years. Maximum LTV available is 70% with a minimum loan size of £50k. Terms also run from five to thirty years.
A key feature for both loans is faster completions and reduced legal fees for qualifying remortgages, up to a maximum of £750k where relevant.
Andrew Ferguson, Managing Director, Buy-to-Let West One Loans, says: “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 range covers individual and limited company applications, across standard and specialist cases, including HMO/MUFB, Ex-Pat and Holiday lets, which have seen a resurgence since the Covid lockdown was lifted.
“The added flexibility within the 5-year fixed rate with 3-year ERC product is something our broker partners have been asking for, so I anticipate strong demand for this.”
If you’d like to find out more about our Limited Edition Buy-to-Let range give us a call on 0333 123 4556 or drop us a message.