Buy-to-Let

Second Charge Mortgages

Our range of buy-to-let second charge mortgage products offer flexible capital raising solutions for landlords including options for consumer buy-to-let applications.

With an increasing number of landlords benefitting from longer-term fixed-rate mortgage products or preferential terms on their first charge mortgage, the option of a second charge will enable property investors to release equity from their property portfolio without disturbing their first charge mortgage arrangements.

Whether your client wants to renovate their buy to let properties to increase rental yield, raise funds towards further property purchases or raise funds for personal use we can assist.

Let us help you get started

Our products are exclusively available through a limited panel of Master Broker partners. Contact us today for more information.

Our Product Range

Second Charge GREEN BTL Mortgage Plan

Available for BTL properties with an EPC rating A-C
No Credit Scoring
Loans up to £350,000 with loans up to £500,000 considered by referral (subject to LTV restrictions)
LTV's available up to 75%
Loan term 3 - 25 years
Interest Only Options available across all products
Most legal loan purposes acceptable including BTL property renovations, property renovations, property purchases and loans for personal use considered
CBTL products available
DSS tenants accepted
HMO properties and Ex-pats considered by referral

EPC RATING OF A-C
Ages 21 with loan term ending by 85th birthday
No minimum income requirements
Individual landlords (Not available for ltd companies/ corporate landlords)
Licensed HMO properties and ex-pat's considered
Up to 3 loans per borrower up to maximum borrowing of £750,000
Simple DSCR calculation
No restrictions on the number of properties in the background
Minimum Age 21 with the loan term ending by age 85
Available to both professional and part-time landlords

Minimum 12 months mortgage history – no secured arrears in the last 12 months
No unsatisfied CCJ's or defaults over £500 in the last 24 months
Unsecured credit cannot have gone more than 1 months in arrears in the last 12 months and must be up to date
IVA's, bankruptcies and Debt Management Plans are not acceptable including those that have been discharged
No payday loan activity in the last 24 months
Explanations will be required for any items of credit which have not been conducted satisfactorily

Landlords with a good credit score who may have the occasional payment slip
Landlords who have locked into a 5 year fixed rate on their first charge mortgage
Landlords who are benefitting from preferential mortgage terms eg low base rate tracker product which they do not wish to disturb
Landlords who would incur early repayment charges by remortgaging
Landlords looking to refurbish their investments properties to increase rental yield and/ or property value
Landlords looking to raise funds towards a further property purchase

Useful Downloads

Download West One Second Charge Product Guide AUG 22

            Highlights
Available for properties with EPC rating A-C including CBTL
Variable rates starting from 6.05%
2 yr fixed rates starting from 6.49%
5 yr fixed rates with ERC's from 6.29%

          

No Credit Scoring
Loans up to £350,000 with loans up to £500,000 considered by referral (subject to LTV restrictions)
LTV's available up to 75%
Loan term 3-25 years
Interest Only Options available across all products
Most legal loan purposes acceptable including BTL property renovations, property purchases and loans for personal use considered
CBTL products available
DSS tenants accepted
HMO propertied and Ex-pats considered by referral

Ages 21 with loan term ending by 85th birthday
No minimum income requirements
Individual landlords (Not available for ltd companies/ corporate landlords)
Licensed HMO properties and ex-pat's considered
Up to 3 loans per borrower up to maximum borrowing of £750,000
Simple DSCR calculation
No restrictions on the number of properties in the background
Minimum Age 21 with the loan term ending by age 85
Available to both professional and part-time landlords

Minimum 12 months mortgage history - no secured arrears in the last 12 months
No unsatisfied CCJ's or defaults over £500 in the last 24 months
Unsecured credit cannot have gone more than 1 months in arrears in the last 12 months and must be up to date
IVA's, bankruptcies and Debt Management Plans are not acceptable including those that have been discharged
No payday loan activity in the last 24 months

Landlords with a good credit score who many have the occasional payment blip
Landlords who have locked into a 5 year fixed rate on their first charge mortgage
Landlords who are benefiting from preferential mortgage terms eg low base rate tracker product which they do not wish to disturb
Landlords who would incur early repayment charges by remortgaging
Landlords looking to refurbish their investment properties to increase rental yield and/ or property value

Useful Downloads

Download West One Second Charge Product Guide AUG 22

            Highlights
Variable rates from 6.15%
2 yr fixed rates rates starting from 6.59%
5 yr fixed rates with ERC's from 6.39%

          

No Credit Scoring
Loans up to £250,000 (subject to LTV restrictions)
LTV's available up to 75%
Loan term 3-25 years
Interest Only Options available across all products
Most legal loan purposes acceptable including BTL property renovations, property purchases and loans for personal use considered
CBTL products available
DSS tenants accepted
HMO properties and Ex-pats considered by referral

Ages 21 with loan term ending by 85th birthday
No minimum income requirements
Individual landlords (Not available for ltd companies/ corporate landlords)
Licensed HMO properties and ex-pat's considered
Up to 3 loans per borrower up to maximum borrowing of £750,000
Simple DSCR calculation
No restrictions on the number of properties in the background
Minimum Age 21 with the loan term ending by age 85
Available to both professional and part-time landlords

Minimum 12 months mortgage history - no secured arrears in the last 12 months
No unsatisfied CCJ's or defaults over £500 in the last 12 months
Unsecured credit cannot have gone more than 3 months in arrears in the last 12 months and must be up to date
IVA's, bankruptcies and Debt Management Plans are not acceptable including those that have been discharged
No payday loan activity in the last 24 months
Explanations will be required for any items of credit which have not been conducted satisfactorily

Landlords with a less than perfect credit score and may have experienced some historical credit issues
Landlords who have locked into a 5 year fixed rate on their first charge mortgage
Landlords who are benefitting from preferential mortgage terms eg low base rate tracker product which they do not wish to disturb
Landlords who would incur early repayment charges by remortgaging
Landlords looking to refurbish their investment properties to increase rental yield/ or property
Landlords looking to raise funds towards a further property purchase

Useful Downloads

Download West One Second Charge Product Guide AUG 22

            Highlights
Variable rates starting from 6.49%
2 yr fixed rates starting from 6.75%
5 yr fixed rates with ERC's from 6.69%

          

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