West One Loans has added PMS Mortgage Club to its residential broker panel as the specialist lender expands its distribution network.   

The move will give the more than 6,000 directly authorised advisers of the club – which is part of the Sesame Bankhall Group — access to the firm’s full range of specialist residential mortgage products.  

The lender’s residential range is aimed at borrowers who have non-standard borrowing requirements, such as the self-employed, older applicants and those who struggle to meet the credit scoring requirements of high street lenders.  

It offers loans of up to 85% loan to value, automated affordability decisions, loan-to-income ratios of over five times income, subject to eligibility requirements, and a fast-track remortgage service from the firm’s in-house legal team.   

The lender has struck a series of partnerships with networks and clubs since it launched into the owner-occupied market last October.  

West One managing director, residential and second charge divisions Marie Grundy says: “In only six months since launching our first-charge offering, we have built up an extensive and highly-competitive residential intermediary panel.  

“Our mission is simple, we want to support as many borrowers as we can who are poorly served by traditional, high-street lenders.   

“In order for us to do that, it is vital that we are able to partner with distributors such as PMS Mortgage Club who are able to broaden our reach into the market.”  

Sesame Bankhall Group strategic relationships director Stephanie Charman adds: “Their [West One Loans] recent entry into the first-charge market provides borrowers that may not meet standard credit criteria with a wide range of choice and flexibility.  

“Improving access to this form of finance is incredibly important and with demand on the rise, we want to ensure that we are catering for the full range of residential borrowing requirements.”  

Last week, West One Loans launched a range of residential mortgages with rates up to 94 basis points lower than its existing suite of products. Its Platinum range offers five- and two-year fixed-rate loans, which start at 5.45% and 5.59%, respectively.