Hampshire Trust Bank (HTB) has increased the maximum loan size of its BTL and HMO five-year fixed rate product to £5m
The specialist bank has also increased the LTV ratio on the product to 75%.
In addition to these changes, HTB will offer a valuation refund of up to £1,000 for loans over £1m.
Full arrangement fees can be added to the loan and there is no administration fee with the interest cover ratio stressed at fixed rate.
Anna Lewis, head of sales at Hampshire Trust Bank (pictured above), said it was delighted to be able to launch such a competitive product.
“We have listened to feedback from our brokers and have increased our BTL and HMO LTV and loan size accordingly.
“We are committed to continuing to enhance our service and products to support our broker partners.”
Tony Sutton, managing director at Specialist Commercial Finance, one of HTB’s broker partners, added: “Hampshire Trust Bank has once again listened to its brokers and launched a product that meets the needs of our customers and introducers.
“We are looking forward to continuing to work together now and in the future.”
As well as the BTL and HMO product, HTB also provides a range of specialist mortgage solutions, including bridging, development exit finance and commercial and semi-commercial mortgages.
Last month, the lender launched its Specialist Mortgages brand.
