Tag: Marie Grundy
Product highlights include rates from 3.39%, up to 80% loan-to-value.
The lender has hired Kevin Glover to provide support to brokers and property finance professionals specialising in bridging and development finance in the North of England and has appointed Sharon Clarke & Pauline Rylands as relationship managers for its second charge sales team.
In this time, the market for second charge loans has grown steadily, with annual figures from the FLA showing it has become a £1bn market.
West One is just one of nine lenders on Complete FS’s panel.
West One Secured Loans is now able to offer residential second charge mortgage products to borrowers whose main residence is located in mainland Scotland.
Paul Stringer, director of Norton Finance and Mortgages, said: “West One are a great addition to our already extensive panel of lenders; their range of products covers a number of differing customer circumstances combined with competitive interest rates.”
The lender launched its second charge lending division in 2017.
The lender said the move is part of its transition into longer-term second charge mortgages.
The latest edition of the quarterly report revealed that gross annualised lending increased from £4.3bn in June to exceed 2016’s pre-EU Referendum high of £4.4bn.
The move will allow Smart Money’s introducer partners to access West One’s second charge mortgage solutions.