View more on these topics

West One cuts unregulated bridging rates up to 0.4%

West One Loans has cut rates for its unregulated residential loans by up to 0.40 per cent.

Bridge-Construction-700.jpg
West One Loans has cut rates for its unregulated residential loans by up to 0.40 per cent.

For properties worth less than £2.5m, rates will drop to 0.55 per cent up to 50 per cent LTV, ranging to 0.85 per cent up to 74.5 per cent LTV.

West One will still lend on properties of more than £2.5m by referral.

The new rates are available to all West One’s brokers.

West One Loans sales director Marie Grundy says: “At a time when there is change afoot in the bridging loan market, we see this move to reduce the rates on unregulated residential loans as an important shift to support our core customers.”

Recommended

Boardroom-Hire-Hiring-Appointment-General-700x450.jpg

West One Loans co-founder Kreeger leaves

West One Loans co-founder Duncan Kreeger is leaving the company to focus on other interests. Kreeger says he always intended to leave the firm after it was bought by Enterprise Finance. He says: “It was always my intention to step away from the business following West One’s successful integration with the group in 2014. “Now […]

One to One: Former West One Loans founder Mark Abrahams

Teaming with Mint Bridging to form a new arm with a sensible approach to lending and a strong belief in the ‘Northern Powerhouse’ – and wanting a better beard What are your hopes for Mint’s new lending arm? Our aim is to provide liquidity for borrowers who have short-term funding needs for either property or […]

Business-Handshake-Finance-Deal-700.jpg

West One Loans makes clutch of new hires

Bridging lender West One Loans has hired Paul Simpson as director of lending operations and Luke O’Sullivan as sales manager. Simpson arrives from Morgan Stanley Bank, where he spent five years overseeing its European residential mortgage business. O’Sullivan joins from second charge lender Equifinance, where he was a director. West One Loans has also hired five […]

Qatar cover image - thumbnail

White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.