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West One Loans reintroduces buy-to-let second charge

Rental Property

Specialist lender West One Loans has reintroduced its buy-to-let second charge product range.

The lender accepts applications from self-employed borrowers up to 75% loan-to-value, while it accepts AVMS on Apex 1 plans up to 65% LTV.

The lender has removed restrictions on acceptable loan purposes.

Marie Grundy, sales director for West One said: “I am extremely proud that West One has continued to support the second charge market during turbulent times.

“This latest set of changes validates our commitment to our broker partners seeking to support those customers who are able to demonstrate long term affordability.

“We have always looked for opportunities to provide access to products for underserved borrowers, with our buy to let second charge range being a great example of this, but this takes on increased significance at a time when product options across the sector are in shorter supply.”