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.
I wanted to give you advance notice that from Monday 7 December, we are introducing a new tier to our rate card for loans from £100k to £200k that will reflect a 40bps increase on the current rate for loans in this range. All rates on loans from £200k to £5m will remain unchanged. You can view the rate card effective Monday by clicking on the tab below.
We have taken this decision to reflect both the commercial and operational realities of the current market. This will allow us to balance service as we approach the stamp duty deadline in March while still offering a full range of lending options to help you provide solutions to your clients with complex needs. All new and existing applications for any facilities that fall in the new tier submitted up to the end of business hours on Friday 4 December will be honoured at the existing rate card rates.
This may be a good time to remind you that as a specialist lender, we are able to help you with complex loans: providing lending solutions for limited companies, expats, trusts on and offshore as well as foreign nationals. We can lend on semi-commercial & holiday lets helping your clients to diversify their portfolios.
We’ve also been keeping busy bringing new lending solutions:
- Most recently, we have launched our new Large Loan Exclusive, giving borrowers of loans over £1m a 3.25% five year fixed-rate product for buy to let loans up to 60% LTV.
- We brought you our 5:2 product, giving your clients the certainty and leverage provided by a five-year fix with the flexibility of a two.
- We launched our Refurb IN Term product, allowing a borrower to wrap-up a light refurbishment into their normal term arrangement.