West One has changed its buy-to-let (BTL) products and criteria.
As part of the changes, products have been reduced by up to 0.25%, with prices now starting at 3.34%.
In addition, the lender has changed the criteria within its W1 and W2 ranges.
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The amended W1 plan now requires no defaults or registered CCJs in the past 72 months, including satisfied, no mortgage or secured arrears in the last 36 months, and no arrears in the last 36 months.
Additionally, a borrower must qualify for the area that does not need to have a bankruptcy or Individual Voluntary Arrangement (IVA), current or previous, no payday loan, current or previous, and no debt management plan (DMP), current or previous.
The W2 range will now mirror the previous Apex 0 product. The maximum individual loan size for both the standard and the specialized W1 and W2 plans has been increased to 1 million.
The maximum loan term has been reduced from 30 years to 25 years.
As in the previous month, expats are to be removed from the specialist offerings, which are fully booked.
All existing limited edition products and availability for ex-pats have now been withdrawn. Cases previously entered on the portal will be considered for the current range of products as needed, subject to the minimum application requirements and the £ 150 application fee received by close of business on November 9, 2020.