Network's AR firms can source to the lender’s full range of residential and BTL products
West One Loans has entered a distribution agreement with Quilter, allowing the mortgage network’s appointed representative firms to offer the specialist lender’s full range of specialist residential and buy-to-let products to their clients.
West One’s residential mortgages, launched in 2022, target first-time buyers, home movers, and remortgage borrowers who struggle to qualify for a mortgage with high street lenders. The specialist lender’s four-tier residential range starts at 5.87% and caters to the self-employed, older borrowers, those with less than perfect credit scores, and those with complex income requirements.
The lender’s buy-to-let range starts at 3.09% and serves a wide range of borrowers, including first-time landlords, those with impaired credit, and portfolio landlords wanting to borrow up to £10.5 million. The lender’s buy-to-let range also includes products for house in multiple occupation, multi-unit freehold block, holiday let, ex-local authority, let-to-buy, and ex-pat borrowers.
“While we are relatively new to residential mortgages, we have big ambitions to really make a mark in this area of the market,” said Marie Grundy (pictured left), managing director of residential mortgages and second charge at West One Loans. “Part of that is ensuring our products are available to as many quality brokers as possible. That’s why we are thrilled to be partnering with Quilter, which is not only one of the largest but also the most respected financial advice networks in the UK.
“It is getting harder to qualify for a high street mortgage for a lot of borrowers, meaning we can only see the demand for specialist finance growing in the years to come. That’s why we are confident that our flexible underwriting, our accommodative criteria, our top-quality service, and our wide product range will really add value to Quilter’s advisers and their clients.”
Andrew Ferguson (pictured right), managing director of buy-to-let at West One Loans, said the agreement with Quilter is “a major new distribution deal for West One Loans.”
“We are delighted that our buy-to-let products will now be available to Quilter’s appointed representatives,” he said. “The buy-to-let market is getting more professional by the day, meaning there is increasing demand for specialist finance solutions.
“That trend is here to stay; brokers therefore need a range of specialist options to be able to offer their clients. I believe we have one of the broadest and varied ranges in the specialist end of the market, therefore I’m confident Quilter’s advisers will find value in our proposition.”
Charlotte Nixon (pictured centre), proposition and distribution director at Quilter Financial Planning, for her part, said they were pleased to add West One to their panel.
“We strive to offer our mortgage advisers a significant breadth of choice to suit all customer needs and our partnership with West One furthers this,” Nixon added.
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