Hampshire Trust Bank (HTB) has enhanced its specialist buy-to-let (BTL) and semi-commercial product offering, with reductions to its 5-year fixed rates of up to 70 basis points.
The reduction was made across its ERC Lite and ERC Plus ranges, with rates now starting from 7.29%.
HTB also launched a ‘Fee Plus’ BTL product, replacing its Special Edition, which is available as 5-year fixed rate of 6.89% for loans over £1m, and 7.29% for loans between £100,000 and £1m.
The product was also introduced for semi-commercial properties, and has a 5% arrangement fee, with and early repayment charge (ERC) of 4% in years one and two, and 3% in years three to five.
HTB provides landlords and property investors with specialist residential loans of up to £25m for limited companies, offshore entities, expats and foreign nationals, as well as mixed-use portfolios and semi-commercial properties.
Chris Daly (pictured), managing director, specialist mortgages at Hampshire Trust Bank, said: “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.
“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.”
