West One Loans has added Right to Buy and shared ownership and widened credit criteria, and has also increased second charge loan sizes.
Within its residential range, West One Loans has brought out a range of “zero” lender fee products in its Right to Buy and shared ownership ranges.
The shared ownership products are priced from 6.89% and the products are available up to 100% loan to share value.
The Right to Buy variation will have rates starting from 7.09% up to 100% of the discounted purchase price.
Credit eligibility criteria for its Prime Plus Core, Prime Plus LTI Boost, shared ownership and Right to Buy range have also been improved, so two missed payments in 12 on unsecured credit will also now qualify.
On the second charge side, loans will be available up to £1m and loan to incomes (LTIs) across its Apex 1 and Apex 2 products have been increased to offer more options to self-employed borrowers, those needing more flexible income multiples and borrowers with credit issues.
Marie Grundy (pictured), managing director of residential mortgages and second charges at West One Loans, said: “We are always considering how we can make West One’s products more accessible, flexible and competitive for our brokers and borrowers. These completely new products and enhancements to our existing range show our full commitment to that process. We have also looked carefully at eligibility criteria and taken steps not to try and not limit borrower eligibility through inflexibility where we can.
“Our commitment to finding the very best blend in our residential and second charge offering is an ongoing process. We are working on more major enhancements in the coming weeks to help drive greater choice, flexibility and convenience for borrowers and brokers alike.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
