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
Specialist Mortgages Update: Legal Fees & Criteria Changes
I wanted to let you know about some important changes to our legal fees and criteria for buy-to-let, commercial, and semi-commercial properties. Please take a moment to review the updates below:
New Legal Fees
We have introduced a revised rate card that provides transparent information about our base fees. You can access the updated legal fees by clicking here.
Expanded Criteria
- Modern Methods of Construction (MMC): Unlike most lenders, we now consider any MMC as security if it is approved by the Build Offsite Property Assurance Scheme (BOPAS)
- First-Time Landlords: We welcome applications from non-home-owning first-time landlords with an income greater than £60,000
Thank you for your continued business and support. If you have any questions about the new fees or need further assistance, please don’t hesitate to reach out to your dedicated BDM or contact our team using the details below: