West One Loans expands buy-to-let division

Specialist lender West One Loans has made a number of hires in its buy-to-let division.

Jason James has joined from Bluestone Mortgages as a national account manager, alongside Kitt Makwana from Together as a key account manager.

In addition, Paul Huxter has come on board from Enterprise to support the distribution extension strategy.

Andrew Ferguson, managing director of buy-to-let at West One Loans, said: “The buy-to-let division has strong growth ambitions for 2021, and these additions to the team are a key part of that strategy.

“We are keen to make our proposition more widely available to the intermediary market and expand our distribution through networks and mortgage clubs, in order to take full advantage of the opportunities for the specialist sector in 2021.

“Brokers will now be able to transact with us in the manner they choose, either directly through our new channels or through one of our master broker partners.”

The announcement comes after West One launched its first mortgage club with Dynamo for Intermediaries in December, as part of its strategy to extend its distribution to networks and mortgage clubs.

The company is known as a bridging lender, but is now investing in the growth of its buy-to-let division.

West One Loans was founded in 2005 and in November completed a securitisation worth £267.8m with a portfolio of loans split between second charge mortgages and first charge buy-to-let mortgages.