Hampshire Trust Bank has increased the loan-to-value ratio and reduced the rates on its semi-commercial fixed rate mortgages, as well as on its buy-to-let and HMO products.
In addition, it has increased the maximum loan size on these products to £5m. Larger transactions are considered on a case by case basis.
As part of the revamp, the bank has increased the LTV ratio to 75% on its BTL and HMO 2 year fixed rate and semi-commercial fixed rate mortgages portfolio, introducing reduced rates that start from 3.98%. This follows a recent enhancement to its BTL and HMO 5 year fixed rates.
Matthew Wyles, Chief Executive Officer at Hampshire Trust Bank, said:
“The bank is now announcing a significant widening of its proposition and its target market, particularly in terms of our appetite for larger transactions. We have the skills, systems and strength to evolve rapidly into a leading player in specialist lending.”