Hampshire Trust Bank (HTB) has made enhancements to its specialist BTL and semi-commercial mortgage offering with reductions to its five-year fixed rates.
Five-year fixed rates have been reduced by up to 70bps across ERC lite and ERC plus ranges, with rates starting from 7.29%.
HTB is launching a new ‘fee plus’ product available at a five-year fixed rate of 6.89% (for loans over £1m) and 7.29% (for loans between £100,000 to £1m) for BTL.
This product, also available on semi-commercial properties, comes with a 5% arrangement fee and is available on an ERC lite basis only, with an ERC of 4% in years one and two and 3% in years three to five.
Chris Daly, MD of specialist mortgages at HTB (pictured above), commented: “These incredibly positive changes across our BTL and semi-commercial products mean we can support even more experienced landlords and property investors with their specialist property finance requirements with our lower rates.
“The introduction of fee plus — an evolution of our popular special edition — means that investors across not only BTL, but also semi-commercial portfolios, can now access the affordability benefits on offer.
“Our commitment remains to drive our proposition through innovation, providing products that combat affordability and ensure that we continuously champion as many landlords and property investors as possible.”
