West One enters Scottish buy-to-let market

Its range of BTL products is distributed exclusively through intermediaries

West One enters Scottish buy-to-let market

Specialist lender West One Loans has launched its buy-to-let lending services in Scotland, marking the first time its products are available to landlords in the region.

The expansion enables brokers to access the lender’s first charge buy-to-let range for clients seeking to purchase or remortgage properties in Scotland. Until now, West One’s buy-to-let products were limited to properties in England and Wales.

The lender’s range is designed to meet the needs of both amateur and professional landlords and is distributed exclusively through intermediaries. Interest rates start from 2.59%.

West One Loans entered the Scottish residential market last year.

“Entering the Scottish market is an exciting milestone, and we believe Scotland’s dynamic housing sector, supported by nearly 238,000 buy-to-let landlords, presents significant opportunities for us as a lender,” said Andrew Ferguson (pictured), managing director of buy-to-let at West One Loans.

“While competition is strong, we believe our market-leading products, flexible criteria and commitment to tailored underwriting will be warmly received by brokers and landlords across the country.”

Jez Quinn, head of sales of buy-to-let and bridging for the North at West One Loans, said the expansion aims to offer significant support to Scottish intermediaries.

“This is a huge step forward for us and we’re keen to make an instant impact on the Scottish market,” he added. “The buy-to-let market is more complex than ever, and intermediaries need a flexible, solution-focused lender they can trust – we’re here to be that lender for brokers.

“We’re taking this move very seriously, which is why we have a dedicated northern based field BDM, Rick Davey, plus office support to ensure West One provide Scottish brokers with expert support on criteria and case enquiries.”

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