West One Loans has introduced a combination of 11 offerings to its first charge residential proposition.

The most significant changes focus on new criteria applied to applications from those with skilled worker, health and care and UK ancestry visas.

Those borrowers that have lived in the UK for a minimum of 24 months and possess recent credit history will be able to apply for loans of up to 90% loan-to-value (LTV).

The lender has also widened its AVM criteria to include remortgage, unencumbered and transfer of equity applications for loans of up to £300,000.

The maximum property value has also gone up to £1m and will be available up to 70% LTV.

A summary of other highlights include: • An increase to a maximum of 85% LTV on new build properties • An increase in the loan size of £2.5m by referral for prime plus cases up to 65% LTV • Minimum property value reduced from £100,000 to £75,000 • Maximum age of interest only customers increased from 70 years to 75 years at the end of loan term • Up to 100% of second job income now considered for affordability when applicants have held the role for 12 months • Return to work income for borrowers on maternity leave can be considered if employers confirm they are returning to work within six months.

West One Loans director of residential mortgages and second charges Marie Grundy says: “We are always analysing the market carefully and listening to our customers to see what they need and how we can provide it. After careful consideration we have found yet more ways we can enhance our offering to help real people get the mortgage they need to match their own circumstances.”