West One starts BTL lending in Scotland

Published on

West One Loans buy-to-let division has begun to lend on Scottish properties.

Brokers with clients looking to purchase or remortgage a buy-to-let in Scotland can now access the West One Loans’ range of first charge buy-to-let products.

Until now, the lender’s buy-to-let range was only available to landlords buying or remortgaging buy-to-lets in England and Wales.

West One’s range caters for a wide range of amateur and professional landlords and is available exclusively through intermediaries. Its rates start from 2.59%.

Andrew Ferguson, managing director of buy-to-let at West One Loans, said: “Entering the Scottish market is an exciting milestone, and we believe Scotland’s dynamic housing sector, supported by nearly 238,000 buy-to-let landlords, presents significant opportunities for us as a lender.

“While competition is strong, we believe our market-leading products, flexible criteria and commitment to tailored underwriting will be warmly received by brokers and landlords across the country.”

Jez Quinn, head of sales – north (buy-to-let and bridging), added: “This is a huge step forward for us and we’re keen to make an instant impact on the Scottish market.

“The buy-to-let market is more complex than ever and intermediaries need a flexible, solution-focused lender they can trust – we’re here to be that lender for brokers.

“We’re taking this move very seriously, which is why we have a dedicated northern based field BDM, Rick Davey, plus office support to ensure West One provide Scottish brokers with expert support on criteria and case enquiries.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Newcastle launches base rate tracker mortgage range

Newcastle for Intermediaries has launched a range of base rate tracker mortgages for new...

Quantum completes third securitisation as funding tops £800m

Quantum Mortgages has completed its third public securitisation, taking funds raised through its Bletchley...

Foundation launches limited-edition buy-to-let fixes at 75% LTV

Foundation has launched two limited-edition buy-to-let fixed-rate products for landlord borrowers at 75% loan-to-value. The...

Bailey signals Bank Rate hold as Iran conflict clouds outlook

Bank of England Governor Andrew Bailey has signalled that interest rate cuts are likely...

The cost of knowing less

There is a particular kind of risk in financial services that rarely announces itself...

Latest publication

Other news

The Newcastle launches base rate tracker mortgage range

Newcastle for Intermediaries has launched a range of base rate tracker mortgages for new...

Quantum completes third securitisation as funding tops £800m

Quantum Mortgages has completed its third public securitisation, taking funds raised through its Bletchley...

What Tony Blair’s AI manifesto means for specialist finance

In Sir Tony Blair’s first intervention in Labour’s leadership battle, the former prime minister...