West One Loans has made key changes to its residential and second charge product ranges.

The firm argues that the addition of new products and enhancements to its existing offering will to give borrowers and brokers greater choice and flexibility.

The changes to the residential suite include the addition of a range of ‘zero’ lender fee products to both the Right to Buy and Shared Ownership ranges.

The new Shared Ownership products will have rates starting from 6.89% with zero lender fee products available up to 100% loan to share value.

Meanwhile, the Right to Buy zero lender fee products have rates starting from 7.09% up to 100% of the discounted purchase price.

In addition, West One has changed credit eligibility rules across its Prime Plus Core, Prime Plus LTI Boost, Shared Ownership and Right to Buy range. This means that borrowers that have two missed payments in 12 on unsecured credit will also now qualify.

For the second charge product enhancements, West One has now introduced improved loan sizes across the residential second charge range with loans available up to £1 million pounds.

LTVs have also been increased across its Apex 1 and Apex 2 products to offer more options to borrowers that may be self-employed, those requiring flexible loan to income multiples and borrowers that may have experienced credit issues.

Marie Grundy (pictured), managing director of residential mortgages and second charges at West One Loans, said: “We are always considering how we can make West One’s products more accessible, flexible and competitive for our brokers and borrowers. These completely new products and enhancements to our existing range show our full commitment to that process. We have also looked carefully at eligibility criteria and taken steps not to try and not limit borrower eligibility through inflexibility where we can.

“Our commitment to finding the very best blend in our residential and second charge offering is an ongoing process. We are working on more major enhancements in the coming weeks to help drive greater choice, flexibility and convenience for borrowers and brokers alike.”