Hampshire Trust Bank (HTB) has introduced a new special edition five-year fix for loans between £100,000 and £1m to its BTL range.
The new option, priced at 5.99%, has a 5% arrangement fee, which can be added to the loan.
The minimum ICR and ERCs are standard.
The bank introduced the product to provide more choice across its range, and enables increased affordability for clients looking to refinance during the current volatile market.
Chris Daly, managing director for specialist mortgages at HTB (pictured above), commented: “Our new BTL special edition is another example of HTB’s ability to evolve our product offering based on valuable broker feedback.
“Our ERC Lite and ERC Plus products have shown a strong demand for higher-fee, lower-rate products to support BTL investors with their affordability challenges, and this special edition takes this one step further.
"Our broker partners can now access a range of products to suit their clients’ needs, all safe in the knowledge that our broad criteria, quick decisions and customer service remains.”
