West One Loans relaunches fixed rates and makes trio of senior hires

The lender will offer two and five-year fixed rates covering Platinum, Prime Plus, Prime and Near Prime credit profiles.

Two-year fixed rates start from 7.21 per cent and five-year fixed rates are priced from 6.84 per cent.

West One Loans entered the residential market last year and is targeting borrowers who are “underserved by high street lenders”.

Marie Grundy (pictured), managing director of residential mortgages and second charge at West One Loans, said: “When we launched into residential mortgages last year, we didn’t want to be an also ran; we wanted to become a leading provider of specialist mortgage finance. That remains true today.

“We hope to achieve this is through offering competitive products, sensible and bespoke underwriting and maintaining a continuous dialogue with brokers to ensure we offer what borrowers want.

“I’m confident we are building a reputation as lender in the residential market that is fair, flexible and competitive, and the reintroduction of our popular Platinum, Prime Plus, Prime and Near Prime fixed rate ranges builds on that.”

Three new hires for West One

The lender has hired Steve Mannakee as its national account manager and will grow the lender’s residential offering.

He joins from Pepper Money where he was regional development manager for London for around five years, before that he was head of sales for the South for Aldermore for around eight years.

Prior to that, he was group intermediary sales manager for West London and Berkshire at Lloyds Banking Group for around five years.

West One Loans has also appointed Katie Wild and Lizzie Fonseca to its residential and second charge teams.

Wild takes on the role of business development manager for the South and was most recently national account manager at Loans Warehouse for around a year. Before that she worked at Gojoko as head of loans and credit control for nearly two years.

Fonseca will be a broker support manager and also joins from Loans Warehouse where she was head of sales for around two years. Prior to that, she worked at Loans Engine as a mortgage adviser for around three years.

Grundy added: “Any lender is only as good as the people driving it forward. And in that respect, I’m delighted with the residential team we are building here at West One.

“Steve, Katie and Lizzie are all exceptionally talented, experienced and driven individuals who will play a major part in the success of West One’s residential growth story over the coming years and I am thrilled to welcome them on board.

“We have the funding, product offering and the experience in place to make a huge splash in this area of the market in the coming months and years. Watch this space.”