Hampshire Trust Bank (HTB) has enhanced its special-edition five-year fixed-rate BTL deal by increasing its maximum loan to £25m from £1m.
According to the lender, this decision was made to open up access to more experienced and larger portfolio property investor clients.
The special-edition BTL product — which was introduced in April this year — is priced from 6.99% with a 5% arrangement fee, which can be added to the loan.
The option is available as ERC Lite or ERC plus, and has standard minimum ICR and ERCs.
Chris Daly, MD of specialist mortgages at HTB (pictured above), commented: “Our BTL special-edition product was introduced two months ago on the back of valuable broker feedback.
“By making the deal a continued part of our product range, we are providing assurance at a time of widespread uncertainty around rates and improving affordability for the wider BTL market.
“At HTB, we are dedicated to championing and supporting landlords and property investors of all sizes, and this move further highlights our unwavering commitment to specialist BTL brokers and their clients.”
