It also makes three senior hires in growth push
Specialist lender West One Loans has announced that it has reintroduced its range of residential fixed rates and has made three new senior hires as part of its ongoing growth plans.
The lender now offers two- and five-year residential fixed rate mortgages covering Platinum, Prime Plus, Prime, and Near Prime credit profiles.
As a result of the latest changes, West One’s residential five-year fixes now start from 6.84%, while the two-year fixes start from 7.21%.
The specialist lender launched into the residential market for the first time in October last year with mortgages aimed at those underserved by high street lenders.
“When we launched into residential mortgages last year, we didn’t want to be an also ran; we wanted to become a leading provider of specialist mortgage finance,” said Marie Grundy (pictured), managing director of residential mortgages and second charge at West One Loans.
“That remains true today. We hope to achieve this through offering competitive products, sensible and bespoke underwriting, and maintaining a continuous dialogue with brokers to ensure we offer what borrowers want.
“I’m confident we are building a reputation as lender in the residential market that is fair, flexible and competitive, and the reintroduction of our popular Platinum, Prime Plus, Prime and Near Prime fixed rate ranges builds on that.”
The relaunch of residential fixed rate products also comes as West One adds three new senior hires to its residential mortgage division.
Steve Mannakee, who has more than 25 years of experience in the sector and joins from Pepper Money UK, has been recruited to grow West One’s newly launched residential offering and takes on the position of national account manager.
Katie Wild and Lizzie Fonseca have joined the lender’s residential and second charge teams. Wild, who was previously a national account manager at Loans Warehouse, becomes a business development manager (BDM) for the south. Fonseca, former head of sales at Loans Warehouse, becomes broker support manager.
“Any lender is only as good as the people driving it forward,” Grundy commented. “And in that respect, I’m delighted with the residential team we are building here at West One. Steve, Katie, and Lizzie are all exceptionally talented, experienced, and driven individuals who will play a major part in the success of West One’s residential growth story over the coming years, and I am thrilled to welcome them on board.”
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