A recent distribution agreement has facilitated the inclusion of West One Loans’ residential and buy-to-let products in Quilter’s mortgage panel. This development allows the network’s appointed representative firms to offer a wide range of specialist deals from West One to their clients.
West One’s residential mortgages, which were launched in 2022, are aimed at first-time buyers, home movers, and remortgage borrowers who may face challenges in obtaining a mortgage from traditional high street lenders. The lender’s four-tier residential range, starting at 5.87%, is designed to cater to the self-employed, older borrowers, individuals with imperfect credit scores, and those with complex income requirements.
Furthermore, West One’s buy-to-let range, starting at 3.09%, serves a diverse group of borrowers, including first-time landlords, individuals with impaired credit, and portfolio landlords seeking loans of up to £10.5m. The firm also offers loans for various purposes such as houses in multiple occupation, multi-unit freehold blocks, holiday lets, ex-local authority properties, let-to-buy arrangements, and ex-pat borrowers. Importantly, West One does not rely solely on credit scores in its assessment of applicants.
Marie Grundy, the Managing Director of Residential Mortgages and Second Charge at West One, has expressed the company’s strong desire to make a significant impact in the residential mortgage sector, stating, “While we are relatively new to residential mortgages, we have big ambitions to really make a mark in this area of the market.” She emphasized the importance of ensuring that West One’s products are available to a wide array of reputable brokers.
Similarly, Andrew Ferguson, the Managing Director of Buy-to-Let at West One, highlighted the increasing professionalism in the BTL market, leading to a growing demand for specialized finance solutions. He stressed the need for brokers to have access to a range of specialist options to meet the needs of their clients.
Charlotte Nixon, Quilter’s Proposition and Distribution Director, emphasized the company’s commitment to offering mortgage advisers a diverse range of choices to accommodate all customer needs. She noted that the partnership with West One further strengthens Quilter’s position in providing a broad spectrum of mortgage solutions.
With this new collaboration between West One Loans and Quilter, brokers within the network will now have access to a broader selection of mortgage products, enabling them to cater to the diverse needs of their clients within the residential and buy-to-let market segments.