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 May 22

Highlights

  • Lowest ever rates starting from 5.29%
  • 2 yr fixed rates starting from 5.49%
  • 5 yr fixed rates with ERC's from 5.99%
  • 5 yr fixed rates without ERC's starting from 6.49%
  • 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 May 22

Highlights

  • Variable rates from 5.39%
  • 2 yr fixed rates rates starting from 5.59%
  • 5 yr fixed rates with ERC's from 6.09%
  • 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 May 22

Highlights

  • Variable rates starting from 5.99%
  • 2 yr fixed rates starting from 6.29%
  • 5 yr fixed rates with ERC's from 6.59%
  • 5 yr fixed rates without ERC's starting from 6.99%

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.

become-introducer-4

Meet the Second Charge 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