West Brom takes further step into BTL

Amanda Jarvis

March 13, 2006

Highlights include:

• Standalone rental cover reduced to 120 per cent at the lowest product payrate in our Buy to Let range
• Maximum individual loans increased to £500k at 85 per cent LTV and £1m at 75 per cent LTV
• Maximum portfolio size increased to £10m

Commenting, Paul Marland, intermediary sales director at the West Brom, said: “The changes we have made make us one of the most flexible Buy to Let lenders in the market. We are the only lender that allows you to choose any product in our Buy to Let range and calculate rental cover using our lowest payrate. When you combine this flexibility with market leading products and the first class service we’re renowned for, the West Brom has a truly compelling proposition.

“The increasing presence of strong mutual building societies like the West Brom, in sectors once occupied by specialist lenders, is great news for the customer. Service levels are forced to improve and increased competition forces prices down across the industry.”

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