It has a 5% arrangement fee with standard minimum ICR and ERCs
Hampshire Trust Bank (HTB) has launched a new special edition 5.99% five-year fixed rate buy-to-let product for loans between £100,000 and £1 million.
The product has a 5% arrangement fee which can be added to the loan, while the minimum interest cover ratio (ICR) and early repayment charges (ERCs) are standard.
The lender said the new special edition product provides more choice across its product range and enables increased affordability for clients looking to refinance during uncertain times.
HTB provides professional investors with specialist residential loans up to £25 million for limited companies, offshore entities, expats and foreign nationals, as well as mixed use portfolios and semi-commercial properties.
“Our new BTL special edition is another example of HTB’s ability to evolve our product offering based on valuable broker feedback,” Chris Daly (pictured), managing director of specialist mortgages at Hampshire Trust Bank, commented. “Our ERC Lite and ERC Plus products have shown a strong demand for higher-fee, lower-rate products to support BTL investors with their affordability challenges, and this special edition takes this one step further.
“Our broker partners can now access a range of products to suit their clients’ needs, all safe in the knowledge that our broad criteria, quick decisions, and market leading customer service remains. This means we’re truly able to deliver for our brokers, all while championing and supporting small property investors.”
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