West One

ProductGross Fee paid by lenderNet fee paid to regulated brokerNet Fee paid to non-regulated & client referral service
1st Charge BTL0.90%0.50%0.22%
Non Regulated Bridging2.00%1.00%0.50%
Prime1.50%1.00%0.50%
Regulated Bridging2.00%1.00%0.50%
Bridging (Hybrid)1.50%0.75%0.375%
Secured Loan2.00%1.35%0.68%
BTL Portfolio Range1.50%0.75%0.375%
Exclusive Portfolio Product Offering – March 2022
As a key partner to West One BTL, we are pleased to tell you about an exclusive limited distribution offering that you will be able to access from today. Here are some of the product highlights:
  • Portfolio fixed range – A new limited distribution, 5-year fixed payrate range, available on our W1 range with loans available from 65% up to 75% LTV across standard and specialist properties – priced from 3.89% with a 2.00% fee.
  • Portfolio Tracker Range – A new limited distributor, lifetime tracker range, available on our W1 range, with loans available from 65% up to 75% LTV with no ERC – priced from 3.79% with a 2.00% fee.
  • Due to the more complex nature of large portfolio transactions, we are pleased to confirm an enhanced procuration fee of 0.75% will be payable on this product range.
Criteria highlights include:
  • Lending available up to £15,000,000 – 75% LTV to £10,000,000, 70% LTV £10,000,000 to £15,000,000
  • Maximum lending on single asset – £2,000,000
  • Minimum portfolio submission amount – £1,500,000
  • Block exposure considered up to 100% of block – block discount may apply
  • Background portfolio assessed at 100% rental coverage
  • Generous ICR calculations – 125% basic rate & Limited company borrowers, 135% HMO/MUB properties, 140% higher and additional rate tax borrowers,
  • ICR stress at payrate on 5-year fixed, 5% for lifetime tracker
  • Acceptable property and borrower types for portfolio products – Houses, leasehold flats and maisonettes including new build properties through limited company, SPV or personal names. Includes HMO, MUFB, above or next to commercial and holiday lets. Expats considered on referral.
  • Complex SPV structures considered
  • Streamlined processing available – for portfolio over 5 applications our portfolio team will assist with initial submission
  • Portfolio application and legal fees – can be reviewed on case-by-case basis
Bridging
Key Offerings:
Our extensive range of bridging loans have been developed to provide finance for a wide range of borrower needs. As a leading bridging finance provider since 2007, the West One team have an industry reputation for providing a personalised approach to lending resulting in an extensive portfolio of bridging loans. Our highly experienced underwriting team provide the speed and flexibility needed to help get your clients’ projects safely over the line when the timing is critical.

Our loans are available as first or second charge and have no early repayment charges.
  • Fast completions, funds available in as little as 48 hours
  • Residential, commercial and land with planning all acceptable – England/Wales/Scotland
  • Regulated and Unregulated Loans
  • Max LTV of 75% on a 1st charge and 65% on a 2nd Charge
  • Rates from 0.6%
  • Loans from £75k – £20m+
  • No upfront fees & no ERCs
  • 2% arrangement fees
  • Min term 1 month (interest charged)
  • Max term 18 months
For more information on our Bridging products please contact Matthew Watson, Business Development Manager.
Annette Tilbury has worked closely with Complete FS & the directors for over 25 years. Annette joined West One BTL in 2019 as National Account Manager and looks after the daily relationship between Complete and the lender.
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