West One enhances residential range with lower rates and criteria changes

West One Loans has announced a series of major product and criteria changes to its residential mortgage range.

For a limited period, West One is waiving application fees for all purchase and remortgage transactions.

West One is also introducing a new credit tier, Premier Plus, for purchase, remortgage and shared ownership customers. The tier offers lower rates starting from 6.59%, available up to 85% LTV, and is designed for borrowers with recent minor blips on unsecured credit. It allows up to three missed payments in the last 12 months where accounts are now up to date, one small satisfied CCJ up to £500, and satisfied or unsatisfied defaults under £500. Loan-to-income (LTI) multiples are available up to 5.5 times income as standard. For shared ownership customers, the new product tier is available up to 95% and 100% of the loan-to-share-value, with rates starting from 6.74%.

In addition, the lender's LTI Boost range (offering uncapped LTIs) has been enhanced with LTVs increased to 85% across the Premier Plus, Premier, Platinum and Prime Plus LTI Boost product ranges. A new range of variable-fee products is also available from 5.99%, with 1% and 2% fee options for minimum loan sizes of £250,000.

Finally, free valuation options have also been extended throughout West One's fee-assist range, available for both purchases and remortgages. The updated range also includes fee-free remortgage options including a free valuation or AVM and a free fast-track legal service.

The fast-track legal service completes legal work by offer stage and accepts e-signed mortgage deeds, with an average completion time of 12 days for offered cases between January and August 2026, and is also available for debt consolidation remortgages, with all debts discharged directly on completion for a one-off fee of £35. AVMs are available up to 75% LTV on the standard range and up to 85% LTV on the 'extra' range, subject to eligibility.

Marie Grundy (pictured), managing director of residential mortgages at West One Loans, said: "This is one of the biggest updates we've made to our residential range, and it's all about giving brokers more ways to say yes to their clients. Now clients with very minor credit blips have access to lower rates, extended options within our LTI boost range and more fee-free and free-valuation options expand the options available to brokers with clients who need them. These changes are designed to meet real cases we see every day. We keep listening to our broker partners and evolving our products to meet them and their clients where they’re at in the current market.”