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West One Loans unveils 80% LTV in brand-new range

West One Loans’ buy-to-let division has announced new product launches and lower prices to broaden its product range.

The new range will be available for selection on its broker portal from today and includes a new 80% loan-to-value (LTV) product, a limited edition five-year fixed product, and a return to the short-term let and expat markets.

Product changes


Leading the key changes is the 80% LTV product added to West One’s ‘Standard Range’, with a maximum loan size of £250,000. The 80% is only available for purchases, with rates starting from 4.04%.

There is also a 75% LTV limited edition product being added to the range. The maximum loan size is £500,000 for properties of up to £750,000. This is priced at 3.44%.

Meanwhile, prices are coming down by 10 basis points for the specialist houses in multiple occupation (HMO) and multi-unit block (MUB) range, with rates now starting from 3.54%.

West One is also re-entering the short-term holiday let and expat market this year, which will initially be distributed on a semi-exclusive basis through some key packager partners.

Finally, the current limited edition product range (65% and 70% LTV) is being removed.

Criteria changes

Along with the new products, West One has announced criteria change for its new build loan offering, which will be restricted to a maximum 65% LTV (down from 75% LTV) starting today.

Managing director of West One Loans’ buy-to-let division, Andrew Ferguson, says: “We are pleased to confirm some exciting new products as part of our plans to expand our buy-to-let range in 2021. It may be an uncertain period just now with the lockdown in place, but there is also lots of optimism looking ahead to the rest of the year.”

“With the launch of these new products, we’re able to offer more choice to the intermediary market and enable them to take full advantage of the opportunities for the specialist sector with a range of products to cater for wide-ranging needs.”

“From first-time landlords through to portfolio landlords, whether they need a competitive rate for a standard property or need to fund a more niche transaction in the current market – such as holiday lets – we are here to support.”


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