West One Loans has launched a new range of first charge standard and specialist buy-to-let mortgages including products for holiday lets and Airbnb properties.
For now, the new range will be available through a select number of launch partners which includes Enterprise Finance, Vantage Finance, Brightstar, Dynamo, and Connect for Intermediaries, but there will be wider distribution in the near future.
Mortgages in the standard range will be available to both individual and limited company borrowers secured against standard property types, according to West One.
Also, the specialist products will oblige for houses in multiple occupation (HMO), multi-unit freehold blocks (MUFB), ex-pats, holiday lets, and Airbnb properties.
The Enra Group CEO, Danny Waters, said that the launch into the first charge buy-to-let mortgage market marked an exciting new chapter for West One.
H also added that it was the next step in the growth of the company, following the successful launch of development finance last year and second charge mortgages in 2017.
He added: “We are committed to providing a wider reach of specialist lending products to meet the needs of borrowers who would benefit from a common-sense approach to lending.
“Our extensive experience within the property finance market means we are well-positioned to understand the complexities of the market, in addition to focusing on making the process of obtaining a buy-to-let mortgage as painless as possible.”
The products also include two and five-year fixed-term mortgages, with a maximum loan-to-value of 80% and loan sizes up to £2 million and with rates starting from 3.39%. A fast track remortgage option is also available to individual borrowers remortgaging up to a loan size of £750,000.
Managing director of Dynamo for Intermediaries, one of the launch partners, Ying Tan, said: “We believe this will be a valuable and competitive addition to the marketplace and look forward to officially adding West One to our lending panel to provide an even wider range of options to landlords.”