MORTGAGE Advice Bureau (MAB)’s adviser firms in Scotland have been selected as the chosen partner of West One to exclusively launch their range of residential first charge mortgage products.
As one of the fastest growing specialist mortgage and property finance lenders, West One offers a comprehensive product range that includes bridging finance, buy-to-let mortgages, development finance, and second charge mortgages.
The lender launched into the residential mortgage market in late 2022, and is now extending their range to Scottish homeowners and first time buyers. MAB’s Scottish adviser firms have been given exclusive access to this product range for a limited period.
West One’s products are designed to help borrowers who need options outside of mainstream lending. Designed to maximise a customer’s borrowing potential, customers with more complex financial circumstances, such as an inconsistent credit history, CCJs, defaults, and arrears, can become eligible for a mortgage.
Key highlights from the residential mortgage range include automated affordability assessments, LTVs up to and over 5x income, and the latest SA302 income taken into account for self-employed borrowers, to name a few.
Danny Belton, Head of Lending, Mortgage Advice Bureau, said: “We’re thrilled to have been chosen as the exclusive partner of West One to launch their innovative range of residential mortgage products. This partnership allows us to help more customers in Scotland to achieve their homeownership goals, ensuring those whose financial circumstances may not necessarily fit the high street are accommodated for.”
Marie Grundy, Managing Director, Residential Mortgages and Second Charges, West One, added: “We’re really excited to be working with Mortgage Advice Bureau (MAB) to launch our range of residential mortgage products in Scotland. MAB firms have a strong and established presence in the Scottish mortgage market, making them the perfect partner to offer our comprehensive product range to borrowers with more complex borrowing requirements.”