West One Loans has updated its buy-to-let product range and is resuming physical valuations.
The specialist lender is relaunching a range of products at 70% loan to value, subject to some specific parameters:
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- Maximum loan size of £250k
- Maximum property value of £400k (£300k for flats)
- The 65% range will still cater for loans up to £750k, but subject to revised product pricing.
Andrew Ferguson, managing director for West One BTL, said: “We are keeping a constant eye on market developments at this time and is it pleasing to be able to make some positive changes to support our broker partners and clients.
“The improvement in the valuation position is very welcome news for lenders and brokers and I expect we will see continued growth in activity over the weeks ahead.”