Specialist lender West One Loans, has announced series of positive updates to their Buy-to-Let product range with immediate effect. As well as this positive news they are able to resume physical valuations.
With the recent government update announcing the re-opening the property market, West One have been quick to respond to the needs of their brokers and these immediate changes will allow them to responsibly support broker partners and clients through unprecedented times.
The latest update includes:
- Relaunching a range of products at 70% loan to value, subject to some specific parameters:
- Maximum loan size of £250k
- Maximum property value of £400k (£300k for flats)
- The 65% range will still cater for loans up to £750k, but subject to revised product pricing.
The update comes as West One are also actively able to resume physical valuations meaning two very positive impacts for their brokers at a time when it is most valuable.
Andrew Ferguson, Managing Director for West One BTL said:
“We are keeping a constant eye on market developments at this time and is it pleasing to be able to make some positive changes to support our broker partners and clients. The improvement in the valuation position is very welcome news for lenders and brokers and I expect we will see continued growth in activity over the weeks ahead.”