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West One Loans expands second charge offering via Promise

Packager Promise Specialist Lending has added West One Loans to its sourcing platform.

The move will allow Promise brokers to have access to all of second charge lender West One’s products.

The agreement comes after Promise assisted West One in testing its new products and procedures.

West One announced that it would launch into the second charge market in May.

Promise managing director Steve Walker (pictured) says: “The test phase and loan completions so far have made it clear that West One will help brokers to place more cases and at better rates.

“From first glance at the criteria it isn’t obvious where West One will fit in to the panel. However, the products have been designed cleverly to suit customers with a variety of circumstances and an experienced underwriter will identify more business for West One than they might expect, in some cases beating other lenders by 2 per cent.”

West One sales director Marie Grundy says: “Launching our second charge proposition is an exciting milestone in the development of our long-term lending, and it’s exciting to see this now rolled out and put into practice. This is especially the case when we are able to partner with firms like Promise, who have in-depth knowledge and expertise of the second charge market place.”

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