"Our entry into the market also puts us among a very small group of specialist lenders offering mortgage products across the whole of the UK."
- Marie Grundy - West One
West One has announced that it is expanding its buy-to-let mortgage products into Northern Ireland.
The launch aims to provide greater access to specialist BTL mortgage products in a jurisdiction that West One says has been historically underserved in this regard.
Buy-to-let mortgages will be available up to 75% LTV with a maximum loan size of £2m. West One’s bespoke BTL offering, largely built for the needs of the portfolio landlord, will also be available on a referral basis for larger loan sizes, portfolios up to £15m, and higher complexity cases.
"Northern Ireland presents an amazing growth opportunity for West One, allowing us to serve more brokers and borrowers with a range of specialist mortgage products that could help underserved clients obtain a mortgage deal," Marie Grundy, managing director of mortgages at West One.
"Our entry into the market also puts us among a very small group of specialist lenders offering mortgage products across the whole of the UK."
Paul Huxter, head of intermediary sales & distribution at West One, added: "The buy-to-let market in Northern Ireland is unique in the sense that undersupply of rental properties dominates the discussion.
"Yet many would-be landlords who don’t qualify for a high street mortgage have very limited options and face tough barriers to entry as a result.
"From minor credit issues and consumer buy-to-let (CBTL) cases to portfolio growth, limited company lending and non-standard property types, we have the specialist expertise to consider cases that high street lenders won’t accommodate."
