Lender also offers AVMs for remortgages and unencumbered properties to speed up processing
Specialist lender West One Loans has introduced a fast-track legal service at no cost for remortgage customers, looking to reduce completion times and cut expenses for brokers and borrowers.
The service finalises legal work before the mortgage offer is issued, enabling next-day completions in many cases. In 2024, the lender reported completing remortgage cases using this service within an average of nine days after issuing the offer.
Available for loans up to £750,000, the fast-track option applies to remortgages and capital-raising mortgages on unencumbered properties across England, Wales, and Scotland.
West One permits borrowing up to 90% loan-to-value (LTV) for capital-raising remortgages, including those for debt consolidation purposes. For debt consolidation cases, the lender pays off debts directly via BACS, eliminating extra legal costs typically incurred when third-party solicitors handle repayments.
Borrowers are not required to have legal representation unless independent legal advice is deemed necessary.
According to property advice website HomeOwners Alliance, conveyancing — the legal process of buying a home — typically takes 12 to 16 weeks. However, timelines can vary significantly, with delays often occurring. The most common cause of delays are slow responses from buyers, sellers, or their conveyancing solicitors when addressing enquiries.
Our Fast Track Remortgage service just got even better….Free Legals for Remortgage Borrowers Now Available!
— West One Loans (@westoneloans) February 25, 2025
Reach out:
✉️ [email protected] or ☎️ 0333 123 4556
*T&Cs apply / *For Intermediaries Only#WestOneLoans #Residential #FastTrack #LegalService pic.twitter.com/ADLI7rnTGA
Meanwhile, West One is also offering automated valuation models (AVMs) for remortgages and unencumbered property mortgages, further speeding up the process. AVMs are available for loans up to £300,000 with a maximum LTV of 70%, for properties valued at £1 million or less. The lender earlier introduced AVMs to its BTL offering.
Interest rates for West One’s remortgage products start at 5.89%, with no credit score assessment required for eligibility.
“Our fast-track legal service is unique in the market; and by making this service free, we’re removing barriers, reducing costs and significantly speeding up completion times for an even greater number of borrowers,” said Marie Grundy (pictured), managing director of residential mortgages and second charges at West One Loans. “With this streamlined approach, many customers can now complete their remortgage the day after receiving their offer, giving them faster access to the funds they need.”
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