West One launches BTL mortgages in Northern Ireland

West One has announced the expansion of their BTL mortgage products into Northern Ireland.

BTL mortgages will be available up to 75% LTV with a maximum loan size of £2m.

West One’s bespoke BTL offering, aimed at portfolio landlords, will also be available on a referral basis for larger loan sizes, portfolios up to £15m, and higher complexity cases.

Marie Grundy, managing director of mortgages at West One (pictured above), said: “Northern Ireland presents an amazing growth opportunity for West One, allowing us to serve more brokers and borrowers with a range of specialist mortgage products that could help underserved clients obtain a mortgage deal.

“Our entry into the market also puts us among a very small group of specialist lenders offering mortgage products across the whole of the UK.”

Paul Huxter, West One’s head of intermediary sales and distribution, added: “The BTL market in Northern Ireland is unique in the sense that undersupply of rental properties dominates the discussion.

“Yet many would-be landlords who don’t qualify for a high street mortgage have very limited options and face tough barriers to entry as a result.

“From minor credit issues and consumer BTL cases to portfolio growth, limited company lending and non-standard property types, we have the specialist expertise to consider cases that high street lenders won’t accommodate.”