West One’s BTL division has launched its first mortgage club with Dynamo for Intermediaries.
The partnership aims to provide greater choice in the market, as more brokers will have direct access to the lender’s BTL product range.
The move is a key step in West One’s growth strategy for 2021, as it opens its proposition to networks and mortgage clubs, supplementing its master broker channel, and making its offering more accessible to mortgage brokers.
This follows the lender’s company-wide rebrand, including a website redesign, which provides more detail on the product ranges available.
Andrew Ferguson, managing director of BTL at West One (pictured above), said: “Extending our distribution through mortgage clubs and networks will support [our growth] strategy, and Dynamo for Intermediaries is a perfect partner to start that extension with.
“Dynamo already works with us on a packager basis, so extending our partnership to include a club route allows us to work even more closely, and ensures brokers have choice on the most appropriate submission route for their needs.
“Next year we want to ensure our specialist BTL proposition becomes a go-to option for an increasing number of brokers.
“It will appeal to brokers who need a flexible and pragmatic approach from a lender with a deep understanding of the property market."
Ying Tan, founder and chief executive at Dynamo, said: “West One has a strong BTL proposition, and demand for its offering has been increasing, so the addition of the club route is extremely welcome.
“We’re delighted that Dynamo for Intermediaries is the first partner to be able to offer both the packaged and direct submission option.
“We look forward to working with Andrew and his team in developing this channel and bringing West One’s proposition to life with our mortgage club members.”
