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
I’m pleased to announce that HTB has significantly reduced the costs of our five-year fixed rate buy-to-let mortgages as well as introducing new, two-year fixed rate products. In addition, following our ongoing conversations with brokers, we have simplified our loan bandings.
From today, five-year fixed rates have been reduced by up to 130 basis points (starting from 5.99%), with our new two-year fixed rates starting from 5.69%.
We have restructured our loan bandings into just three levels: £100k – £1m; £1m – £5m and £5m+ in order to keep things as simple and transparent as possible for investor clients.
These product changes follow the recent introduction of our new ‘ERC Plus’ and ‘ERC Lite’ products, which allow brokers to choose between the two products depending on the client’s particular affordability requirements and rate preference, and are available in HTB’s
specialist BTL, HMO & MUFB range, as well as its semi-commercial offering at up to 75% loan to value (LTV).