West One has expanded its extra second charge and residential mortgage ranges, with larger maximum loan sizes, enhanced AVM criteria, and additional credit tiers.

For residential mortgages, West One has introduced a new prime credit tier offering lending up to 90% LTV.

This is for borrowers with minor historic or recent adverse credit, including those with a single missed mortgage payment, CCJs, defaults or missed unsecured credit payments.

It is available for first time buyers, home movers and remortgage customers, offering loan-to-income (LTI) multiples of up to 6.5x as standard.

Alongside the new tier, the lender has increased maximum loan sizes across its extra residential range, with borrowing now available up to £1 million at 85% LTV on in the premier extra and platinum extra product tiers.

AVM criteria, available for purchases and remortgages up to 85% has also been enhanced.

The lender has also strengthened its second charge proposition through larger maximum loan sizes, more flexible AVM criteria and the introduction of a new near prime extra product for borrowers with a broader range of adverse credit profiles.

Maximum second charge loan sizes have increased to £900,000 on selected products, while AVMs are now accepted at lower confidence levels up to 75% LTV.

West One managing director of mortgages Marie Grundy says: “These enhancements are all about removing unnecessary barriers for borrowers and giving brokers greater flexibility.”

“Larger loan sizes at higher LTVs mean more clients can access our Extra product ranges, while our updated credit criteria recognise that an isolated financial blip shouldn’t define an otherwise strong borrower.”