Secured Loans from West One Loans
Discover West One’s range of secured loans. Learn about their lending niche, from bridging finance to second charges.
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Spotlight on West One Loans
West One Loans is a specialist lender offering secured loans and second-charge mortgages across the UK. They cater to homeowners who need flexible borrowing solutions, with competitive rates and bespoke terms. West One has lent a total of £10 billion to homeowners, landlords, and others since 2002.
Loan amounts and terms
West One's second‑charge mortgages allow you to borrow against the equity in your property. Here's what you can expect:
- Loan size: From £10k to £1m
- Repayment terms: 5-40 years (up to age 85)
- Loan-to-value: Up to 85% combined loan-to-value (LTV)
- Interest rates: 2, 3 and 5 year fixed rates
- Fast valuation: Automated valuations up to 80% LTV for extra speed
Why choose West One Loans?
West One designs loans around your needs - not automated credit scores. Here's why they stand out:
- Tailored underwriting considers what you can really afford
- Suitable for the self-employed or those with lower credit scores
- Interest-only second-charge loans are available with a minimum income of £15,000
- Suitable for most purposes - debt consolidation, home improvements, investments, tax bills, etc.
- Dedicated second-charge team and exclusive panel of master brokers
- No early repayment charges (ERCs)
Summing up
West One Loans' second‑charge mortgages unlock property equity from £10k to £1m, repayable for up to 40 years. No early repayment charges and fast decisions make this a smart way to consolidate debts, fund home improvements, or invest in your future. It's ideal if you're comfortable using your home as collateral - but remember that this puts your home at risk if you fall behind.
Frequently Asked Questions: Secured Loans
What sets West One apart?
West One combines cutting-edge tech with a personal underwriting approach. Their product range spans bridging finance, secured lending (first- and second-charge), development finance, buy-to-let, and commercial mortgages.
What sets West One apart?
West One combines cutting-edge tech with a personal underwriting approach. Their product range spans bridging finance, secured lending (first- and second-charge), development finance, buy-to-let, and commercial mortgages.
What sets West One apart?
West One combines cutting-edge tech with a personal underwriting approach. Their product range spans bridging finance, secured lending (first- and second-charge), development finance, buy-to-let, and commercial mortgages.
What is a second-charge mortgage?
A second-charge mortgage is a loan that uses your home as security. It's like your main mortgage, but it's a second loan on your property. It lets you borrow extra money without losing the benefits of your current mortgage deal.
What is a second-charge mortgage?
A second-charge mortgage is a loan that uses your home as security. It's like your main mortgage, but it's a second loan on your property. It lets you borrow extra money without losing the benefits of your current mortgage deal.
What is a second-charge mortgage?
A second-charge mortgage is a loan that uses your home as security. It's like your main mortgage, but it's a second loan on your property. It lets you borrow extra money without losing the benefits of your current mortgage deal.
What can I use West One second charge for?
You can use your West One loan for nearly any legal purpose - debt consolidation, home renovation, school fees, business funding, deposits, or gifts. It's flexible capital that doesn't disturb your first mortgage.
What can I use West One second charge for?
You can use your West One loan for nearly any legal purpose - debt consolidation, home renovation, school fees, business funding, deposits, or gifts. It's flexible capital that doesn't disturb your first mortgage.
What can I use West One second charge for?
You can use your West One loan for nearly any legal purpose - debt consolidation, home renovation, school fees, business funding, deposits, or gifts. It's flexible capital that doesn't disturb your first mortgage.
Who is eligible to apply for a West One second charge?
To apply, you'll typically need an existing first-charge mortgage, a minimum income of £15,000 per year, with one year of trading history (self employed) or three months' employment history (employed). You'll be manually assessed rather than credit-scored, so it may suit people with minor financial issues.
Who is eligible to apply for a West One second charge?
To apply, you'll typically need an existing first-charge mortgage, a minimum income of £15,000 per year, with one year of trading history (self employed) or three months' employment history (employed). You'll be manually assessed rather than credit-scored, so it may suit people with minor financial issues.
Who is eligible to apply for a West One second charge?
To apply, you'll typically need an existing first-charge mortgage, a minimum income of £15,000 per year, with one year of trading history (self employed) or three months' employment history (employed). You'll be manually assessed rather than credit-scored, so it may suit people with minor financial issues.
How quickly can I get the funds?
West One offers quick turnaround and automated valuation models (AVMs) to speed up the process. Approval times depend on each case but the system is designed to be fast.
How quickly can I get the funds?
West One offers quick turnaround and automated valuation models (AVMs) to speed up the process. Approval times depend on each case but the system is designed to be fast.
How quickly can I get the funds?
West One offers quick turnaround and automated valuation models (AVMs) to speed up the process. Approval times depend on each case but the system is designed to be fast.
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