West One BTL Buy To Let Update: Enhanced criteria available including CCJ’s and Defaults up to 250 pounds
Important Product Update – Changes to Credit Tiers.
Enhanced criteria available including CCJ’s and Defaults up to £250
As the Buy-to-Let landscape evolves, West One is committed to meeting the changing needs of Landlords and Advisers.
West One are therefore excited to announce some new enhancements to our Buy-to-Let offering with immediate effect.
Key Changes
- West One can now consider applicants with small CCJ’s or Defaults up to £250 as follows:
- W1 product – Allow up to 1 CCJ or Default (Satisfied or Unsatisfied) up to the value of £250 in the last 72 months
- W2 Products – Allow up to 1 unsatisfied CCJ or Default up to the value of £250 within the last 36 months
- W3 Products (By Referral) – Disregard unsatisfied CCJ’s and Defaults up to the value of £250
- W1 Product: Improved criteria for unsecured arrears
- West One will now allow a day one remortgage on our Buy-to-Let product range at open market value up to 75% LTV, subject to plausible evidence and comparables
- West One will now consider Self-employed First-Time buyer/First-Time Landlords by referral up to 75% LTV:
- Must demonstrate income of £25,000
- Minimum of 2 year’s trading and SA302’s
- Minimum age 25 at point of application
To discuss a case call 0330 127 0000
or email newbusiness@allmoneymatters.co.uk
Refer your case to us call 0330 127 0001
or email info@allmoneymatters.co.uk