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TODAY'S OTHER NEWS

CSF and West One introduce new semi-exclusive BTL products

Crystal Specialist Finance (CSF) has teamed up with West One to launch a new range of buy-to-let semi-exclusive products with West One.

The mortgage range includes improved options for first-time landlords, HMOs, MUFBs, Expats, holiday and Airbnbs lets. 

Rates on the new mortgage products, which are aimed at both individuals and limited companies, start from 3.79% up to 70% loan-to-value (LTV) with a maximum loan of £500,000.

The new range provides 125% debt-service coverage ratio up to 70% LTV for limited companies/LLPs and lower rate taxpayers, with rental stress calculation based on rates of 5% or pay rate of five-year fixed product. 

Jason Berry, interim group sales director, commented: “During lockdown, West One have certainly been there for Crystal and our brokers. They have continued to underwrite and take a pragmatic view on cases which has ensured our brokers have been able to serve their customers through these incredible times.

“These new products underline the strength of the relationship we have and we are sure they will prove popular and provide greater options for property investors.”

Properties owned for less than six months, high rise flats over five storeys, ex-local authority properties and deck access flats will be considered by West One Loans. 

Andrew Ferguson, managing director, BTL, West One Loans, said: “We are pleased to offer these attractive products to a selection of our master broker partners, including Crystal.

“It’s been a challenging few months but we have continued to work closely with our key distribution partners, supporting the specialist needs of landlords and are confident our product tweaks will help continue the recent trend we are seeing of growing enquiry and application volumes.”

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