West One

Lender Documents

Proc Fee

Product	Gross Fee paid by lender	Net fee paid to regulated broker	Net Fee paid to non-regulated & client referral service
Residential - Fixed rates	0.75%	0.375%	0.19%
Buy To Let (1st charge)	0.90%	0.50%	0.22%
Buy To Let (1st charge Limited Edition)	0.75%	0.40%	0.20%
Bridging	2.00%	1.00%	0.50%
Secured Loan	2.00%	2.00%	2.00%

Exclusive Portfolio Product Offering – August 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.

Buy to Let

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 portfolioassessed 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 stressat 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 structuresconsidered
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

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.