HTB improves BTL criteria to support MMC investments
news | 3 weeks ago | Beth Fisher

HTB improves BTL criteria to support MMC investments

Hampshire Trust Bank (HTB) has boosted its BTL criteria, empowering landlords to invest in properties developed with modern methods of construction (MMC).

The bank has confirmed it will consider any type of MMC as security that is approved by the Build Offsite Property Assurance Scheme (BOPAS).  

The lender has also increased its appetite for first-time landlords.

HTB will now accept applications from non-home owning first-time landlords with an income of over £60,000 per annum, but it will need to be satisfied that the applicant is not intending to live in the property.

First-time landlords can secure up to £500,000, with a maximum portfolio size of four units.

“At HTB, we're not one for sitting on our hands; when brokers speak, we listen,” said Andrea Glasgow, sales director of specialist mortgages at Hampshire Trust Bank (pictured above).

“We recognise that we’re in a key position to influence the quality of the nation’s housing stock through our lending decisions.

“And, alongside increasing support for the next generation of property investors, we are helping to positively shape the future of the investor market.”  

Last month, Alex Upton became HTB’s managing director of specialist mortgages as the bank reshuffled its leadership team.

Commenting at the time, Alex said she aimed to take “HTB’s biggest business to the next level”.

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