West One launches limited edition BTL products

West One has launched two limited edition buy-to-let (BTL) products, both of which are available for standard and specialist landlords.

The loans benefit from West One’s ‘no credit scoring’ approach, with specialist underwriting on all applications.

These two limited edition products come after West One announced the relaunch of its BTL and second charge proposition.

West One updates BTL and second charge rates and criteria

The first is a 5-year fixed rate loan, which has a maximum 75% loan-to-value (LTV), with 3-year early repayment charges (ERC).

Rates start at 4.04% on loan sizes from £50k to £1,000,000 with terms from five to thirty years.

This loan is available for houses, leasehold flats and maisonettes, new-builds, houses of multiple occupancy (HMOs), multi-unit freehold blocks (MUFBs) and holiday lets (including Airbnb).

The second is a £250,000 maximum loan product.

This has a fixed rate of 3.59% (in the standard range) and 3.79% (for specialist properties), both fixed for five years.

The maximum LTV is 70% with a minimum loan size of £50,000.

Terms also run from five to 30 years.

A key feature for both loans is faster completions and reduced legal fees for qualifying remortgages, up to a maximum of £750,000 where relevant.

Andrew Ferguson (pictured), managing director at West One Buy-to-Let, said: “Following the refresh of our product range at the beginning of the month, we promised further enhancements to support our broker partners.

“These limited-edition products fill certain criteria for both standard and specialist landlords looking to expand their portfolios.

“The range covers individual and limited company applications, across standard and specialist cases, including HMO/MUFB, expat and holiday lets, which have seen a resurgence since the COVID lockdown was lifted.

“The added flexibility within the 5-year fixed rate with 3-year ERC product is something our broker partners have been asking for, so I anticipate strong demand for this.”