L&C brokers will have access to West One Loans’ full range of specialist residential and buy-to-let (BTL) mortgage products, which will open up a huge number of potential new borrowers for the lender.
West One Loans offers mortgages to borrowers unable to obtain a high street home loan due to complex personal circumstances.
The lender announced major enhancements to its product range and eligibility criteria in July, which it said was the most significant shake-up of its offering since it was launched in October 2022.
The lender updated its first charge residential criteria for applications from people with skilled worker, health and care, and UK ancestry visas. It will now allow borrowers who have lived in the UK for at least two years and have recent credit history to apply for loans of up to 90% loan to value (LTV). West One Loans also expanded its automated valuation model (AVM) criteria to include remortgage, unencumbered and transfer of equity applications for loans of up to £300,000.
Paul Huxter, head of intermediary sales and distribution at West One Loans, said: “This is a highly significant announcement for us in terms of scale. We have earmarked this as a growth year for West One and announcements such as this show that we are making great strides toward that goal.”
Simon Hendy (pictured), chief relationship officer at L&C, said: “L&C is committed to finding the very best solutions for its customers from right across the market and we’re confident that West One will help us achieve that by meeting the complex needs of our customers.”
