Hampshire Trust Bank slashes five-year fixed rates

Hampshire Trust Bank (HTB) has reduced rates on five-year fixes across its specialist buy-to-let and semi-commercial mortgage offering.

The lender has slashed five-year fixed rates by up to 70 basis points (bps) across its ERC Lite and ERC Plus ranges, with rates starting from 7.29%.

HTB is also launching a new Fee Plus product, replacing the special edition product, available as a five-year fixed rate of 6.89% for loans over £1 million and 7.29% for loans between £100,000 to £1 million on buy-to-let.

The new product, also available on semi-commercial properties, comes with a 5% arrangement fee and is available on an ERC Lite basis only with an early repayment charge of 4% in years one and two and 3% in years three to five.

The bank provides landlords and property investors with specialist residential loans of up to £25 million for limited companies, offshore entities, expats, and foreign nationals, as well as mixed-use portfolios and semi-commercial properties.

“These incredibly positive changes across our buy-to-let and semi-commercial products mean we are able to support even more experienced landlords and property investors with their specialist property finance requirements with our lower rates,” commented Chris Daly (pictured), managing director of specialist mortgages at Hampshire Trust Bank.

“The introduction of Fee Plus, an evolution of our popular Special Edition, means that investors across not only buy-to-let, but also semi-commercial portfolios, can now access the affordability benefits on offer.

“Our commitment remains to drive our proposition through innovation, providing products that combat affordability and ensure that we continuously champion as many landlords and property investors as possible.”

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