HTB revamps BTL, HMO and semi-commercial mortgages
By Tom BelgerHampshire Trust Bank (HTB) has increased the LTV and reduced rates on its BTL, HMO and semi-commercial fixed rate mortgages
Section: Semi-Commercial
The specialist bank has also upped the maximum loan size on these products to £5m, with larger transactions considered on a case-by-case basis.
The LTV has been increased to 75% on its BTL and HMO two-year fixed rate and semi-commercial fixed rate mortgages portfolio.
The reduced rates start from 3.98%.
“The bank is now announcing a significant widening of its proposition and its target market, particularly in terms of our appetite for larger transactions,” said Matthew Wyles, CEO at Hampshire Trust Bank (pictured above).
“We have the skills, systems and strength to evolve rapidly into a leading player in specialist lending.”
These changes follow recent enhancements to HTB’s BTL and HMO five-year fixed rate products.
Keywords: Hampshire Trust Bank, HTB, HTB mortgages, HTB specialist mortgages, Matthew Wyles, property finance, commercial finance, commercial mortgages, semi-commercial mortgages, commercial mortgage brokers, commercial finance brokers, BTL mortgages
Source: BTL Insider — https://btlinsider.co.uk/htb-revamps-btl-hmo-and-semi-commercial-mortgages