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
Full product suite now available
I am writing to advise you that as of today, Tuesday, 6 June, our full product suite is once again available.
Buy to let rates now start from 6.49%, with our Special Edition higher-fee product at 6.49% for deals between £100k to £1m. Semi-commercial rates now start at 6.89%. Both buy to let and semi-commercial products are offered with our ERC Plus and Lite options.
I’d like to take this time to reiterate our strong appetite to support experienced property investors whilst continuing to offer the award-winning service you expect. That includes our extensive criteria, quick turnaround times for DIPs and underwriting decisions, and innovative products for your professional portfolio landlord and property investor clients.
To enable you to manage your application pipeline for any applications on our historic rates, 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.
So, as of today, Tuesday, 6 June, our rates will increase and an updated rate card is now available on the website.
If you have any questions, please contact your BDM or call the Specialist Mortgages team on 020 7862 6244.