Here is an update from the BTL and Commercial Mortgage lender, Hampshire Trust Bank. For full details see their latest product information here. This is a packaged only lender so give our team a call and we can talk you through any enquiries you may have.
HTB Announcement
Advanced notice of product withdrawal
I am writing to advise you that effective from 9am, Saturday, 27 May, all buy-to-let and semi-commercial products will be unavailable. New products will be available after the bank holiday weekend with increased pay rates.
To enable you to manage your application pipeline, below is a reminder of our existing validity periods:
• Issued DIPs are valid for 30 days subject to the valuation having been instructed and all documents correctly uploaded to the PUMA Portal.
• For cases at valuation please ensure all documents and questions from the underwriters are responded to quickly.
• Offers must be accepted within 30 days and are valid for 90 days in total.
Should you have any questions, please speak to your BDM or call the Specialist Mortgages Team on 020 7862 6244.