The product range now offers loans up to £1.5m per single unit (previously £1m), and is allowing a maximum of 10 short-term lets in a single portfolio.
In addition, the maximum exposure to short-term lets in a portfolio is now £5m, increased from £2m.
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Louisa Sedgwick, managing director for specialist mortgages at HTB (pictured above), said: “We are delighted to announce this improvement to our holiday let proposition.
“These changes are not minor — rather, they allow the bank to significantly increase its support for landlords who are meeting demand for staycations.
“This, in tandem with the recent increase in our maximum loan size across our specialist BTL range to £25m, shows how serious we are about growing market share in this area.”
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