It now offers a range of zero lender fee products for both the Right to Buy and shared ownership schemes
Specialist lender West One Loans has announced significant changes to its residential and second charge product ranges, introducing new products and enhancements to provide borrowers and brokers with more choice and flexibility.
The residential suite will now include a range of zero lender fee products for both the Right to Buy and shared ownership schemes. The new shared ownership products offer rates starting from 6.89%, with zero lender fee options available up to 100% loan-to-share value, while the Right to Buy zero lender fee products have rates starting from 7.09%, covering up to 100% of the discounted purchase price.
West One has also adjusted its credit eligibility criteria across its Prime Plus Core, Prime Plus LTI Boost, Shared Ownership, and Right to Buy ranges. Borrowers with up to two missed payments on unsecured credit within the past 12 months will now qualify.
For second charge products, West One has increased the maximum loan size to £1 million. Loan-to-value ratios have also been raised across its Apex 1 and Apex 2 products, providing more options for self-employed borrowers, those needing flexible loan-to-income multiples, and individuals with credit issues.
Specialist lender West One Loans has announced significant changes to its residential and second charge product ranges, introducing new products and enhancements to provide borrowers and brokers with more choice and flexibility. The residential suite will now include a range of zero lender fee products for both the Right to Buy and shared ownership schemes. The new shared ownership products offer rates starting from 6.89%, with zero lender fee options available up to 100% loan-to-share value, while the Right to Buy zero lender fee products have rates starting from 7.09%, covering up to 100% of the discounted purchase price. West One has also adjusted its credit eligibility criteria across its Prime Plus Core, Prime Plus LTI Boost, Shared Ownership, and Right to Buy ranges. Borrowers with up to two missed payments on unsecured credit within the past 12 months will now qualify. For second charge products, West One has increased the maximum loan size to £1 million. Loan-to-value ratios have also been raised across its Apex 1 and Apex 2 products, providing more options for self-employed borrowers, those needing flexible loan-to-income multiples, and individuals with credit issues. “We are always considering how we can make West One’s products more accessible, flexible and competitive for our brokers and borrowers,” said Marie Grundy (pictured), managing director of residential mortgages and second charges at West One Loans. “These completely new products and enhancements to our existing range show our full commitment to that process. “We have also looked carefully at eligibility criteria and taken steps to try and not limit borrower eligibility through inflexibility where we can. “Our commitment to finding the very best blend in our residential and second charge offering is an ongoing process. We are working on more major enhancements in the coming weeks to help drive greater choice, flexibility and convenience for borrowers and brokers alike.” Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
“We are always considering how we can make West One’s products more accessible, flexible and competitive for our brokers and borrowers,” said Marie Grundy (pictured), managing director of residential mortgages and second charges at West One Loans. “These completely new products and enhancements to our existing range show our full commitment to that process.
“We have also looked carefully at eligibility criteria and taken steps to try and not limit borrower eligibility through inflexibility where we can.
“Our commitment to finding the very best blend in our residential and second charge offering is an ongoing process. We are working on more major enhancements in the coming weeks to help drive greater choice, flexibility and convenience for borrowers and brokers alike.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
