West One Secured Loans is offering residential second charge mortgage products to borrowers whose main residence is located in mainland Scotland.

Intermediaries – and their clients based in Scotland – now have access to West One’s range of products for residential second charges including prime and near prime plans.

The second charge mortgage products include access to five-year fixed rates starting from 4.65%, LTVs up to 85% and loan sizes up to £500,000.

To facilitate access for Scottish based clients, West One has partnered with independent specialist finance brokers The Lending Channel. Based on the banks of the river Tay in Perth, Scotland, the secured loan brokers will provide greater distribution and local market knowledge.

Marie Grundy, sales director at West One, said: “We’re delighted to bring West One Secured products to the Scottish market, to increase the choice available to consumers who would benefit from second charge mortgages. We’re delighted to work with award winning brokerage The Lending Channel on bringing this product to market.

“Murray and Alistair Ewing lead a highly experienced and professional team and we are delighted that they will now be able to extend second charge options for their intermediaries and clients by adding us to their lending panel.”

Alistair Ewing, managing director of The Lending Channel, said “As an independent broker, we work with clients who wish to raise finance for a variety of purposes without disturbing their existing first charge mortgage – and this gives them a wider range of options.

“Many parts of Scotland are becoming UK property hotspots, and recent reports show we’re experiencing the highest year-on-year house price growth here since April 2008, creating second charge borrowing opportunities for residential property owners.”