More than 6,000 advisers gain access to the lender’s specialist residential mortgages
Specialist lender West One Loans has announced the addition of PMS Mortgage Club to its residential intermediary panel.
The partnership will provide more than 6,000 directly authorised advisers, who form part of PMS Mortgage Club, with access to West One’s full range of specialist residential mortgage products.
The mortgage club, which is part of Sesame Bankhall Group, is the latest distributor to be added to West One’s residential intermediary panel since it launched into the owner-occupied market in October last year.
The specialist lender said its residential range was aimed at borrowers who have non-standard borrowing requirements, such as the self-employed, older applicants, and those who struggled to meet the credit scoring requirements of high street lenders.
West One offers residential loans of up to 85% LTV, automated affordability decisioning, LTIs of over five times income, subject to meeting eligibility requirements, and a fast-track remortgage service provided by its in-house legal team.
Last week, West One announced the launch of its Platinum range, offering its lowest ever rates with five-year fixed rates starting from 5.45%.
“In only six months since launching our first-charge offering, we have built-up an extensive and highly-competitive residential intermediary panel,” said Marie Grundy (pictured), managing director of residential mortgages and second charges, at West One Loans. “PMS Mortgage Club is one of the stand-out mortgage clubs in the market and represents a fantastic addition to our growing distribution network.
“Our mission is simple, we want to support as many borrowers as we can who are poorly-served by traditional, high-street lenders. In order for us to do that, it is vital that we are able to partner with distributors such as PMS Mortgage Club who are able to broaden our reach into the market.”
Stephanie Charman, strategic relationships director at Sesame Bankhall Group, added that in partnering with West One, they were providing access to a specialist lender “with an excellent reputation and a strong product set.”
“Their recent entry into the first-charge market provides borrowers that may not meet standard credit criteria with a wide range of choice and flexibility,” she said. “Improving access to this form of finance is incredibly important and with demand on the rise, we want to ensure that we are catering for the full range of residential borrowing requirements.”
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