Residential Mortgages

We start where the high street stops

As one of the UK’s leading specialist mortgage lenders, West One offers a comprehensive range of residential mortgage products to borrowers who are unable to obtain a high street mortgage. Such borrowers often have more complex circumstances and could be rejected by other lenders. But here at West One, you’ll find they are more likely to be accepted because of our personal approach to underwriting and willingness to understand their individual circumstances. We help borrowers who are first-time buyers who want to purchase a new home or re-mortgage their existing home, including capital raising for almost any legal purpose.

We can help borrowers whose borrowing needs are often underserved by the high street, such as the self-employed and older applicants. We understand that life is not always straightforward, which means we can consider applications from customers who have less than a perfect credit score.

We know how important it is to be able to talk through a case so you can find the right solution for your clients, which is why our dedicated broker support team are on hand to assist with any new enquiries you wish to discuss, supported by our office-based team of highly experienced underwriters.

Let us help you get started

To talk to us about what we can do for you and your client or simply learn more about what West One has to offer, get in touch today.

Mortgages for most circumstances

We specialise in helping borrowers with complex circumstances to:

  • Move home or purchase their first property. 
  • Re-mortgage to improve their mortgage terms and/or capital raise, often for home improvements or debt consolidation. 
  • Release equity from a currently unencumbered home for almost any legal purpose.

With loan sizes from £50k to £1.5m, repayment terms of 3 – 40 years and multiple product options, we can often help when others can’t. 

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Suitability

Our products are exclusively available through mortgage intermediaries to provide various submission routes for applications.

Our mortgages are ideal for borrowers who: 

  • Are first-time buyers
  • Are self-employed
  • Have less than a perfect credit score
  • Have complex income requirements
  • Are older borrowers

 

Our Product Range

For borrowers with good credit profiles whilst still allowing for the occasional payment blip.

  • Purchase, Remortgage and Unencumbered
  • Fast Track remortgage service provided by our in-house legal team
  • Up to 90% LTV for First Time Buyers
  • Homemovers, purchase and capital raising remortgages up to 85% LT
  • LTI over 4.5 times incomes considered subject to meeting eligibility
    requirements
  • AVMs available for loan sizes up to £150,000 accepted subject to criteria
  • Flexible loan sizes from £25,000 to £1,500,000
  • No credit scoring; each case is assessed on its merit
  • Minimum age 21 with the loan term ending by age 85
  • Available to employed, self-employed, contractors and retired applicants
  • Interest Only up to 75% LTV subject to criteria
  • Capital raising for most legal purposes acceptable, including Debt Consolidation, Home Improvements, Schools Fee's, Second Home Purchases and releasing equity to help get family members onto the property ladder
  • Terms from 5 - 40 years
  • 2, 5 & 7 year fixed rates and lifetime tracker products available
  • Advising and arrangement fees can be disbursed directly to our introducing broker firm
  • Employed, Self Employed, Contractors and Retired applicants (subject to minimum income requirements)
  • Employed applicants accepted subject to a minimum of 3 months employment and not in a probationary period
  • Self Employed applicants accepted subject to a minimum of 2 years trading history
  • Retired applicants accepted subject to them meeting minimum income threshold from private pension source
  • LTI’s greater than 4.5 times income accepted on our Limited Edition Prime Plus LTI plan subject to a minimum income of £50,000 per application and max LTV of 75% (Capital and Interest Only)
  • Married applicants with mortgages in a sole name accepted
  • Automated expenditure assessment
  • Child-related benefits accepted for children up to the age of 12 (other benefits by referral)
  • State Pension accepted
  • Non-standard construction but confirmed as mortgageable max 75% LTV subject to not being an 'Unacceptable' property type
  • England, Scotland and Wales
  • Minimum 12 months mortgage/rental history (not required for first time
    buyers)
  • No secured arrears in the last 12 months and account must be up to date
  • No unsatisfied CCJ's or unsatisfied defaults over £500 in the last 24 months
  • Unsecured arrears accepted provided that the account has not been subject to more than 1 months arrears at any point during the last 12 months on any item of unsecured credit and the account is currently up to date.
  • Unsecured credit with balances under £500, utility bills and communication suppliers not included for plan assessment purposes
  • Satisfied CCJ’s & Satisfied Defaults are not taken into account for plan assessment purposes but explanations may be required
  • No IVA/DMP/Bankruptcies or repossessions within the last 6 years
  • No payday loan activity within the last 24 months
  • Utilities and comms suppliers not taken into account for plan assessment purpose
  • Borrowers with good credit profiles whilst still allowing for the occasional payment blip
  • Borrowers who may need greater flexibility in obtaining larger mortgage sizes, for example, to fund significant home improvement projects or purchase an investment property/holiday home
  • First time buyers who require a 90% mortgage
  • Borrowers who are unable to obtain a mortgage due to LTI restriction
  • Self employed contractors and employed applicants working under an umbrella company
  • Borrowers where the speed of completion is important to them which may not be achievable via another lender
  • Applicants who are sole owners of the property who are married but want the mortgage only in their sole name are acceptable, subject to the non-owning occupier signing a consent form
  • Family gifted deposits accepted
  • Non EEA applicants considered by referral
Useful Downloads

Download West One Second Charge Product GuideJUN 22

Highlights:

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Borrowers with less than a perfect credit score or who may have experienced some historical credit issues.

  • Purchase, Remortgage and Unencumbered mortgages
  • Fast Track remortgage service provided by our in-house legal team
  • First Time Buyers, Homemovers, purchase and capital raising remortgages up to 85% LTV
  • AVMs accepted subject to criteria
  • Flexible loan sizes from £25,000 to £1,000,000
  • No credit scoring, each case is assessed on its own merit
  • Minimum age 21 with the loan term ending by age 85
  • Available to employed, self-employed, contractors and retired applicants
  • Interest Only up to 75% LTV subject to criteria
  • Capital raising for most legal purposes acceptable, including Debt Consolidation, Home Improvements, Schools Fee&'s, Second Home Purchases and releasing equity to help get family members onto the property ladder
  • Terms from 5 - 40 years
  • 2, 5 & 7 year fixed rates and lifetime tracker products available
  • Advising and arrangement fees can be disbursed directly to our introducing broker firm
  • Employed, Self Employed, Contractors and Retired applicants (subject to
    minimum income requirements)
  • Employed applicants accepted subject to a minimum of 3 months employment and not in a probationary period
  • Self Employed applicants accepted subject to a minimum trading history
    of 1 year
  • Retired applicants are accepted subject to them meeting the minimum income
    the threshold from private pension sources
  • LTI over 4.5 times income considered subject to meeting eligibility requirements (see product guide for more information)
  • Automated expenditure assessment
  • Married applicants with mortgages in a sole name accepted
  • Child-related benefits are accepted for children up to the age of 12 (other
    benefits by referral
  • State Pension accepted
  • Non-standard construction but confirmed as mortgageable max 75% LTV subject to not being an 'Unacceptable' property type
  • England, Scotland and Wales
  • Minimum 12 months mortgage/rental history (not required for first time
    buyers)
  • No secured arrears in the last 12 months
  • No unsatisfied CCJ's or unsatisfied defaults over £500 in the last 12 months
  • Satisfied CCJ’s & Satisfied Defaults are not taken into account for plan
    assessment purposes but explanations may be required
  • Unsecured arrears permitted accompanied by a plausible explanation. Current unsecured arrears to be repaid from the loan proceeds
  • Unsecured credit with balances under £500, utility bills and communication suppliers not included for plan assessment purposes
  • Previous satisfied or discharged IVA/DMP/Bankruptcies/Repossessions
    considered if from over 2 years ago and is accompanied by a satisfactory
    explanation
  • No payday loan activity within the last 24 months
  • Borrowers with less than a perfect credit score or who may have experienced some historical or more recent credit issues
  • Borrowers who may need greater flexibility in obtaining larger mortgage sizes, for example, to fund significant home improvement projects or purchase an investment property/holiday home
  • Self employed borrowers with a shorter trading history
  • Self employed contractors and employed applicants working under an umbrella company
  • Borrowers who are unable to obtain a mortgage due to LTI restrictions
  • Borrowers where the speed of completion is important to them which may not be achievable via another lender
  • Applicants who are sole owners of the property who are married but want the mortgage only in their sole name are acceptable subject to the non-owning occupier signing a consent form.
  • Family gifted deposits accepted
  • Non EEA applicants considered by referral

Highlights

  • LTV's up to 85% available
  • Variable rates starting from 6.10%
  • 2 yr fixed rates starting from 6.25%
  • 5 yr fixed rates starting from 6.45%
  • Loan sizes up to £500,000 (subject to LTV restrictions)

Borrowers with less than a perfect credit score or who may have experienced some historical credit issues

  • Purchase, Remortgage and Unencumbered mortgages
  • Fast Track remortgage service provided by our in-house legal team
  • AVMs are accepted subject to the criteria
  • Flexible loan sizes from £25,000 to £750,000
  • No credit scoring; each case is assessed on its own merits
  • LTVs available to 75%
  • Terms from 5 - 40 years
  • Capital raising for most legal purposes acceptable, including Debt
    Consolidation, Home Improvements, Schools Fee's, Second Home
    Purchases and releasing equity to help get family members onto the property ladder.
  • Capital raising for the purpose of discharging current IVA’s and debt
    management plans permitted
  • Minimum age 21 with the loan term ending by age 85
  • 2, 5 & 7 year fixed rates and lifetime tracker products available
  • Advising and arrangement fees can be disbursed directly to our introducing broker firm
  • Employed, Self Employed, Contractors and Retired applicants (subject to minimum income requirements)
  • Employed applicants accepted subject to a minimum of 3 months employment and not in a probationary period
  • Self Employed applicants accepted subject to a minimum trading history of 1 year
  • Retired applicants accepted subject to them meeting minimum income threshold from private pension sources
  • Maximum LTI 4.5
  • Automated expenditure assessment
  • Child-related benefits accepted for children up to the age of 12 (other benefits by referral)
  • State Pension accepted
  • Non-standard construction but confirmed as mortgageable max 75% LTV subject to not being an 'Unacceptable' property type
  • England, Scotland and Wales
  • Minimum 12 months mortgage/rental history
  • Minimum 12 months mortgage history – 1 missed payment in the last 12 months (providing none in the last 3 months)
  • Up to 1 unsatisfied CCJ’s and 1 unsatisfied default over £500 in the last 12 months up to a maximum value of £1250 per CCJ and /or default
  • Unsecured arrears permitted in the last 12 months if accompanied by a plausible explanation.
  • Unsecured credit with balances under £500, utility bills and communication
    suppliers not included for plan assessment purposes
  • Current DMP or IVA plans which have been conducted satisfactorily and are being repaid from the loan proceeds can be considered providing this is accompanied by a satisfactory explanation.
  • Recently discharged IVA/DMP plans which were conducted satisfactory can be considered providing this is accompanied by a satisfactory explanation
  • Payday loans accepted accompanied by a satisfactory explanation providing no payday loan activity in the last 3 months
  • Borrowers with less than a perfect credit score or who may have experienced some historical or more recent credit issues
  • Borrowers who may find it more difficult to obtain a high street mortgage
  • Borrowers who may have been subject to a one-off lifetime event which have adversely impacted on their credit score
  • Borrowers where the speed of completion is important to them which may not be  achievable via another lender
  • Applicants who are sole owners of the property who are married but want the mortgage only in their sole name are acceptable subject to the non-owning occupier signing a consent form.
  • Family gifted deposits accepted
  • Non EEA applicants considered by referral

Highlights

Become an Introducer

Introduce business to West One

If you would like to discuss a case, register as an introducer or learn more about what West One has to offer, simply complete the short enquiry form below and a member of our broker support team will get in touch.

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Meet the Residential Mortgages Team

Marie Grundy

Managing Director, Second Charge Mortgages

marie.grundy@westoneloans.co.uk +44 (0)333 1234 556

Pauline Rylands

Second Charge Account Manager

Pauline.rylands@westoneloans.co.uk +44 (0)7810 293964

Michael Halsey

Business Development Manager

Michael.Halsey@westoneloans.co.uk +44 (0)7825 322425