West One Loans has opened its BTL range to foreign nationals, first-time buyers, and other borrower types as part of a major criteria refresh.
The specialist lender will now consider lending — with rates starting from 6.79% — to foreign nationals who are non-UK passport holders, living in or outside the UK and without indefinite leave to remain.
West One Loans will also consider first-time buyers who don’t currently own a residential or BTL property, with rates starting at 6.09%.
Andrew Ferguson, managing director for BTL at West One Loans (pictured above), said: “We pride ourselves on having one of the most diverse and accommodating set of criteria in the market.
“But that doesn’t mean we aren’t constantly looking for areas to improve.
“Through regular discussions with brokers, we know there is significant demand for foreign national, first-time buyer, ex-local authority, investor-led, and sub-let solutions — and so we have acted.
“We want brokers to know that if they have a case that’s out of the norm, we are always willing to have a discussion to see if we can make the deal work where overall credit quality is good.”
