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
New rates and expanded mortgage range
At HTB we understand how important product choice and affordability is going to be for you and your clients in 2024.
We’ve launched a broader product range and lower rates, effective immediately, so you and your clients can start the year positively.
HTB has reintroduced it’s 2 Year Fixed rates across all buy-to-let and semi-commercial products, considerably broadening options for clients requiring short-term options.
This is coupled with a significant reduction in rates across buy-to-let and semi-commercial, ensuring your clients maximise affordability across their property portfolios.
As of today, the following changes apply across our specialist buy-to-let and semi-commercial product range for cases between £100k to £5m:
- 2 Year Fixed rates reintroduced across buy-to-let and semi-commercial.
- Buy-to-let rate reductions of up to 0.35% with 2 Year Fixed rates starting from 5.84% and 5 Year Fixed rates starting from 6.34%.
- Semi-commercial rate reductions of up to 1% with 2 Year Fixed rates starting from 6.49% and 5 Year Fixed rates starting from 6.99%.
We’ll continue to offer bespoke pricing for cases above £5m in acknowledgement of larger deals often being more complex and requiring flexibility in pricing and criteria.
Broader choice with ERC Plus, Lite and Fee Plus
As a reminder, ERC Plus, ERC Lite and Fee Plus each offer greater choice depending on your client’s affordability requirements and rate preference.
ERC Plus offers borrowers a lower rate in exchange for an increase in the typical ERC payable by 1% in any year for the life of the loan upon exit. ERC Lite offers a higher rate with our existing ERC profiles.
Fee Plus includes a 5% Arrangement Fee and is available on an ERC Lite basis only with an Early Repayment Charge of 4% in years one and two and 3% in years three to five. The minimum Interest Cover Ratio (ICR) and Early Repayment Charges (ERCs) are standard.
Don’t forget, we love complex cases
Our flexibility and can-do approach are ideally suited to helping you champion your landlords and professional investors with innovative mortgage solutions, however complex.
Our broad range of products and evolving criteria mean you can deliver the funding your landlord and professional investor clients need. Plus, with the strength and certainty of a bank, offering specialist residential and semi-commercial loans from £100k up to £25m to a wide range of client and property types, you know we’ll always be there for you.
And, with a Business Development Manager supporting you throughout the journey, our award-winning service offers you certainty when your clients’ need it most, because complex deals don’t have to be complex, and nor does the relationship with your lender.
Please do get in touch with your Business Development Manager to discuss any of the above and how we can support your landlord and property investor clients with our award-winning service.