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

Barclays reduces rates across residential and remortgage ranges

Barclays Mortgages has reduced rates across a wide range of residential purchase, remortgage and...

Hanley widens rent to own mortgage to cover England, Wales and Scotland

Hanley Intermediaries has expanded its rent to own mortgage across England, Wales and Scotland...

The Exeter appoints James Shepherd as non-executive director

UK health and life insurer The Exeter has appointed James Shepherd to its board...

Time Finance appoints broker manager to support £300m lending target

Time Finance has strengthened its asset finance team with a new broker appointment as...

L&G updates protection underwriting to improve accuracy and customer outcomes

L&G’s Retail Protection business has introduced a series of underwriting changes aimed at simplifying...

Latest publication

Other news

Barclays reduces rates across residential and remortgage ranges

Barclays Mortgages has reduced rates across a wide range of residential purchase, remortgage and...

Hanley widens rent to own mortgage to cover England, Wales and Scotland

Hanley Intermediaries has expanded its rent to own mortgage across England, Wales and Scotland...

The Exeter appoints James Shepherd as non-executive director

UK health and life insurer The Exeter has appointed James Shepherd to its board...