Hampshire Trust Bank’s BTL and HMO LTV and loan size increases

Hampshire Trust Bank has increased the loan-to-value (LTV) ratio on its buy-to-let (BTL) and house in multiple occupation (HMO) 5 Year Fixed Rate to 75% and increased the maximum loan size to £5m.

In addition, a valuation refund of up to £1,000 has been introduced for loans over £1m. Full arrangement fees can be added to the loan, there is no administration fee and the Interest Cover Ratio (ICR) is stressed at fixed rate. For full details see the BTL and HMO 5 Year Fixed Rate product guide.

In addition to BTL and HMO, Hampshire Trust Bank provides a range of specialist mortgage solutions including bridging, development exit finance, with loan amounts of up to £5m, and commercial and semi-commercial mortgages, with loan amounts of up to £2.5m.

Anna Lewis, Head of Sales, Specialist Mortgages, at Hampshire Trust Bank, said:

We are delighted to be able to launch such a competitive product. We have listened to feedback from our brokers and have increased our BTL and HMO LTV and loan size accordingly. We are committed to continuing to enhance our service and products to support our broker partners.

Tony Sutton, Managing Director at Specialist Commercial Finance, said:

Hampshire Trust Bank has once again listened to its brokers and launched a product that meets the needs of our customers and introducers. We are looking forward to continuing to work together now and in the future.

Any property used as security may be repossessed if loan repayments and other obligations are not met.

Find out more about Hampshire Trust Bank’s Specialist Mortgages division.

Download the BTL and HMO 5 Year Fixed Rate product guide.

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