West One launches BTL in Scotland
17 Jan 2025
The buy-to-let (BTL) division of West One Loans has begun lending on Scottish properties for the first time.
This will enable brokers with clients looking to purchase or remortgage a BTL property in Scotland to access West One Loans’ first charge products.
The lender’s BTL range was previously only available to landlords buying or remortgaging in England and Wales.
Its products are available exclusively through landlords and rates start at 2.59%. West One Loans will consider amateur and professional landlords.
It will assess each application on a case-by-case basis.
Andrew Ferguson, Managing Director of BTL at West One Loans, said: “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."
“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 for the North, BTL and bridging, added: “This is a huge step forward for us and we’re keen to make an instant impact on the Scottish market."
"The BTL 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 business development manager (BDM), Rick Davey, plus office support to ensure West One provide Scottish brokers with expert support on criteria and case enquiries.”
Last month, the lender made reductions across its BTL mortgage rates.