This information is for professional intermediary use only and must not be distributed to potential customers.

residential-iconResidential Mortgages

We Start Where The High Street Stops 

At West One, our residential mortgages are designed to help offer solutions for borrowers who could benefit from an individual approach to underwriting for mortgage customers without relying on credit scoring.

We serve borrowers with less than perfect credit profiles, complex income cases, Foreign Nationals, older borrowers, Shared Ownership, and Right-to-Buy and borrowers with limited deposits including first time buyers.

West One takes a common-sense approach to lending, helping your client purchase a property or arrange a remortgage in the knowledge that our expert team of underwriters assess each case individually based on each customer's unique set of circumstances.

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Our Product Range

Premier Plus
Premier
Platinum
Prime Plus
Prime
Near Prime
Right to Buy
Shared Ownership Premier Plus
Shared Ownership Premier
Shared Ownership Platinum
Shared Ownership Prime Plus
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Residential Affordability Calculator

Our streamlined residential affordability calculator allows you to check your client's affordability and maximum borrowing available in a matter of minutes, before submitting a DIP.
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Residential Monthly Repayment Calculator

Use our simple mortgage calculator to get an instant estimate of your client’s monthly mortgage repayments.
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Why West One?

  • Proven experience in complex residential mortgage and remortgage lending
  • Dedicated broker support team and office-based underwriting support
  • No credit scoring and adverse credit borrowers accepted
  • Some of the most flexible affordability criteria on the market
  • Options for older borrowers offering flexible loan terms up to their 85th birthday
  • Referrals considered for more complex cases or cases outside standard criteria
  • Available lending across England, Wales and mainland Scotland
  • Comprehensive product range offering flexible lending criteria including mortgages for:
    • - Foreign Nationals
    • - Shared Ownership up to 100% LSV
    • - Right-to-Buy Mortgages up to 100% of the discounted purchase price
    • - Higher LTV lending up to 97.5% LTV

Key Product Features

  • Purchases available up to 97.5% LTV 
  • Free fast-track remortgage service with legal work completed by offer stage up to 97.5% LTV
  • Loan sizes starting at £25k up to £1.5m (up to £2.5m accepted by referral)
  • Flexible criteria for borrowers with missed/ late mortgage & unsecured credit payment, CCJs and defaults
  • LTI Boost range offering uncapped LTI over 5.0 times income with 5.0 times income as standard
  • Capital Raise up to 97.5% for debt consolidation with debt discharged directly by West One - reducing legal costs 
  • Interest only mortgages available up to age 75 with affordability based on the interest only payments
  • Self-employed & contactors accepted (min 1 year trading) on selected plans
  • Foreign Nationals with Skilled workers, Healthcare workers and Ancestry visas available up to 90% LTV
  • Shared Ownership: purchase and remortgage for borrowers with less than a perfect credit profile up to 100% LSV
  • Right-to-Buy purchases for borrowers with less than a perfect credit profile up to 100% of the discounted purchase price
  • Loan terms from 5 to 40 years
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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.

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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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Solutions for borrowers every step of the way

West One’s residential mortgages are designed for every mortgaging and remortgaging aim:

  • Helping first-time buyers take their first steps onto the property ladder including Shared Ownership and Right-to-Buy purchases
  • Assisting home movers with all their future home ownership aspirations
  • Offering remortgages alongside our innovative remortgage legal service, which drastically reduce the time from offer to completion whether this is for capital raising or a like for like remortgage
  • Releasing equity from mortgage-free properties for almost any legal purpose
  • We lend from £25k to £1.5m (and higher on referral), with repayment terms between 5 to 40 years and 5 times income as standard. Our fast-track remortgage service, LTI boost, and multiple product offerings makes West One residential mortgages possible for more of your clients
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Mortgages for the everyday borrower

Every mortgage borrower profile looks different. That’s why West One serves a broad range of borrowers:

  • First-time buyers including those with a limited deposit
  • Mortgage customers looking for options outside of the high street
  • Borrowers who need solutions that maximises their affordability
  • Home movers looking to finance the purchase of a new property
  • Remortgage customers looking to capital raise, including debt consolidation
  • Adverse credit borrowers
  • Self-employed borrowers, including those with shorter trading histories
  • Borrowers looking to purchase or remortgage using over 5 times income for affordability
  • Those purchasing Shared Ownership or Right-to-Buy properties
  • Older age borrowers (up to 85 years at the end of the term)
  • Non-UK citizens with skilled worker, health and care, or ancestry visas

Frequently Asked Questions

The Basics

How can I find my West One Business Development Manager?Copy link to "How can I find my West One Business Development Manager?"

We operate with a team of regional Businesses Development Managers, who are supported by an office based team. to find your product support team visit www.westoneloans.co.uk/find-your-bdm

How can I send West One a Residential case?Copy link to "How can I send West One a Residential case?"

Our residential mortgages and remortgages are only available through mortgage intermediaries. Members of our partner networks and clubs can quickly and easily submit a case directly to West One via our in-house broker portal. For Broker Registrations visit: www.westoneloans.co.uk/broker-registration

Does West One assist clients who need to remortgage?Copy link to "Does West One assist clients who need to remortgage?"

Yes, we do, and we provide a fast-track re-mortgage service. This service  offers our customers access to a free legal service provided exclusively by our in house independent legal firm and allows borrowers to complete quickly once the mortgage offer has been issued.

Criteria

Who can apply for a West One residential mortgage?Copy link to "Who can apply for a West One residential mortgage?"

Applicants must be at least 21 years old, with a minimum income requirement of £15,000 for capital repayment or interest-only products. Both employed (minimum 3 months in role) and self-employed (minimum 1 or 2 years trading, depending on product) individuals are considered. Visa holders (Skilled Worker, Health & Care, or UK Ancestry) with over 24 months’ UK residency are also eligible. Applicants must go through a broker/intermediary to apply for a residential mortgage with West One.

What is the minimum and maximum loan term available?Copy link to "What is the minimum and maximum loan term available?"

West One offers mortgage terms from 5 to 40 years, with the maximum age at the end of the term being 85 for capital repayment and 75 for interest-only mortgages.

What are the minimum and maximum loan sizes?Copy link to "What are the minimum and maximum loan sizes?"

The minimum loan size is £25,000. Maximum loan sizes are typically up to £1,500,000 (subject to LTV and product), with larger loans up to £2.5 million considered by referral. For unencumbered properties, the maximum loan is £500,000 and 75% LTV.

What is the maximum loan-to-value (LTV) available?Copy link to "What is the maximum loan-to-value (LTV) available?"

West One can offer up to 97.5% LTV. New build flats are capped at 85% LTV and new build houses up to 92.5% LTV.

Terms

What credit history requirments must applicants meet?Copy link to "What credit history requirments must applicants meet?"

Applicants with a wide range of adverse credit can be considered. West One does not have a minimum credit score meaning we can help customers who may have failed a credit score with other lenders., We offer a range of products for different credit profiles to help borrowers who may have an element of adverse credit. We can help borrowers who may have incurred recent or historic CCJ’s and Defaults as well as disregarding smaller CCJ’s and defaults under £500. Borrowers may also be eligible for our mortgage products if they have missed payments on unsecured credit and historical or more recent missed payments related to existing or previous mortgages. We can also help borrowers with discharged DMP’s, and our Near Prime plan is available for borrowers looking to repay a current DMP. Bankruptcies and IVAs must have been discharged for at least 72 months.

Are first-time buyers and those with gifted deposits accepted?Copy link to "Are first-time buyers and those with gifted deposits accepted?"

Yes, first-time buyers are accepted, including those with gifted deposits. The total value of all financial incentives, including builder deposits, can’t exceed 5% of the purchase price. Non-monetary incentives, for example, white goods, upgrades etc are acceptable.

LTV calculations for New Build properties will be based on the lower of the open market value or purchase price. Where this includes a gifted builder deposits, we will deduct this from the purchase price for LTV purpose.

Fees, Repayments & Commission

What fees are associated with West One residential mortgages?Copy link to "What fees are associated with West One residential mortgages?"

 There is a standard application fee of £199. Product fees of £1,495 apply (product fee not applicable on fee assist products) For Fee Assist products, the application fee is refundable within 30 days of completion. Legal and valuation fees may also apply, but fast-track remortgage legal services are available with no legal fees.