Specialist lender West One has launched a range of first charge buy-to-let mortgage products.
The new range will initially be released through a select number of launch partners before enjoying wider distribution “in the near future”.
The products start from 3.39 per cent at 80 per cent LTV on loan sizes of up to £2m over a two- or five-year fixed rate.
The firm has also released a ‘fast track’ remortgage product on maximum loan sizes of £750,000.
Alongside this news, the lender has two more announcements: first, that it has developed a new broker portal alongside the launch of these products, and second, that Andrew Ferguson has joined the lender from Foundation Home Loans, where he worked as commercial director.
West One Enra Group chief executive Danny Waters says: “Our launch into the first charge BTL mortgage market is an exciting new chapter for West One, and is the next step in our growth following the successful launch of development finance last year, and second charge mortgages in 2017.”
On the hiring of Ferguson, he comments, “he has a track record of building lending business in the buy-to-let sector, and his wealth of knowledge and experience will be an asset.”
Dynamo managing director Ying Tan, whose company is one of West One’s launch partners, adds: “We are delighted to be extending our partnership with the team at West One Loans to include a range of BTL mortgage products. We believe this will be a valuable and competitive addition to the marketplace.”