finova's members gain access to its specialist mortgage proposition
Specialist lender Hampshire Trust Bank (HTB) has partnered with finova Payment and Mortgage Services, allowing members of finova’s mortgage club access to its specialist mortgage proposition.
The lender 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. It offers residential and commercial bridging.
HTB has recently made enhancements to its offering: five-year fixed rates were reduced by up to 130 basis points and bandings were simplified into three levels: £100,000 to £1 million, £1 million to £5 million, and £5 million-plus.
The lender’s recently launched ‘ERC Plus’ and ‘ERC Lite’ options have been extended across both the two-year and five-year fixed rate specialist buy-to-let, house in multiple occupation (HMO) and multi-unit freehold blocks (MUFB), and semi-commercial ranges.
Melanie Spencer (pictured left), head of finova Payment and Mortgage Services, commented: “Our mortgage panel has never been stronger with the addition of Hampshire Trust Bank.
“At a time when landlords are struggling with affordability, its specialist products provide much needed options for brokers, helping them to select the right product to meet their clients’ requirements.
“We’re very pleased to welcome HTB to our panel, offering more specialist lending options during these challenging economic times.”
Sally Wright (right in picture), head of intermediary distribution of specialist mortgages at Hampshire Trust Bank, said that she was pleased that HTB was now working with finova.
“We choose our partners carefully because it’s the quality, not quantity, of relationships that counts,” she added. “At HTB, we strive to support our intermediaries by providing the best possible service and complex solutions available.”
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