Hampshire Trust Bank has made several enhancements to its specialist BTL mortgage proposition, now featuring reduced fixed rates and simplified loan size bandings.
The lender’s five-year fixed rates have been cut by up to 130 basis points, with prices now starting from 5.99%.
It also introduced new two-year fixes, priced from 5.69%.
In addition, the bank simplified its bandings into three levels: £100,000-£1m, £1m-£5m, and £5m+.
The recently launched ERC Plus and ERC Lite options have also been extended across both the two- and five-year fixed-rate specialist BTL, HMO and MUFB and semi-commercial ranges.
Chris Daly, managing director for specialist mortgages at HTB (pictured above), commented: “These positive changes to our specialist investment loan proposition highlight our appetite for business from portfolio landlords and professional investors, with our £1m-£5m band being particularly competitively priced.
“These reductions put our fixed rates firmly in a sweet spot for investors, and with our service back at SLA levels, we are ready to manage demand for these attractively priced products.
“As illustrated with our recent ERC product launches, we do not believe high fees/lower rate products meet the needs of landlords; rather, we think it is prudent to offer options for brokers to recommend the best product to meet their clients’ requirements for leverage and affordability, as demonstrated with today’s changes.”
