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West One introduces new limited edition BTL products

West One has launched two limited edition buy-to-let mortgage products, which both benefit from West One’s ‘no credit scoring’ approach, with specialist underwriting on all applications.

These two limited edition products, available for standard and specialist landlords, come just one week after West One announced the relaunch of its buy-to-let and second charge proposition.

Andrew Ferguson, managing director at West One Buy-to-Let, said: “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 first product offered is a five-year fixed rate loan, which has a maximum 75% loan-to-value (LTV), with three-year ERC. Rates start at 4.04% on loan sizes from £50,000 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).

Second is a £250,000 maximum loan product. This loan has a fixed rate of 3.59% in the standard range and 3.79% for specialist properties, both fixed for five years. Maximum LTV is 70% with a minimum loan size of £50,000. 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 £750,000 where relevant.

Ferguson continued: “The added flexibility within the five-year fixed rate with three-year ERC product is something our broker partners have been asking for, so I anticipate strong demand for this.”

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