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 increased rates
As is regularly reported the cost of funds continue to increase beyond anything we have witnessed in recent years, and as such this naturally impacts our pricing strategy. As a result we will be increasing our rates by 0.25% including all 2 and 5 year fixed rates for both Buy to Let and Semi-Commercial products. Again, as I have communicated to you in the past, our rates could well increase further but we will take a cautious approach as and when we need to, to ensure you have clarity.
As part of our commitment to you, we will continue to give you as much notice of any rate increase to help you manage your business as we understand your clients have complex mortgage requirements.
To enable you to manage your application pipeline and indeed your client’s expectations, we will accept any dips on current rates up to close of business on Friday, 9 September, with our new rates coming into effect on Monday, 12 September. We will honour the Dip Accept until Wednesday, 12 October, this is subject to the valuation having been instructed and all documents uploaded on to the PUMA portal – please remember to click SUBMIT.
So, from Monday, 12 September, our rates will increase and an updated rate card will be available on the website and in PUMA