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%.
- HTB enhances BTL and HMO lending criteria
- HTB promises to improve intermediary service
- Will the downward pressure on commercial rates continue?
“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.
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