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
Reduce admin fatigue with DIP validity now extended to 90-days
As part of our commitment to champion experienced landlords and property investors, we’re constantly engaging with brokers on ways to further boost our award-winning service.
I’m pleased to announce that effective immediately all Decision in Principle (DIP) validity periods for those issued from today have been extended to 90-days in order to work through valuation, underwriting and any other pre-offer requirements. Note that a DIP must be accepted within 30 days by instructing a valuation.
This now conveniently aligns with offer periods, also valid for the same period, simplifying the number of deadlines you need to track to progress a case.
We’re continuously fine-tuning our service and are confident that this small change will have a big impact for you, and your clients. Removing multiple, confusing deadlines means streamlined communications, reduced administrative burden to progress a deal and ultimately more time for you to focus on your clients.
Our team of property specialists remain ready to support you with your buy-to-let, semi-commercial and holiday let lending requirements through our suite of innovative products and broad criteria. Coupled with a strong appetite to support and champion experienced landlords and property investors, this enhancement to our award-winning service will further support our broker partners.