Andrea Glasgow

HTB expands criteria to support modern construction and first-time landlords

Hampshire Trust Bank (HTB) has broadened its specialist buy-to-let criteria to provide more support for first-time landlords and those interested in properties built with modern methods of construction (MMC).

Unlike many lenders, HTB will consider any type of MMC as security, provided it is approved by the Build Offsite Property Assurance Scheme (BOPAS).

This approach was influenced by feedback from intermediaries, highlighting the affordability challenges faced by landlord clients and the need to enhance the quality of Britain’s housing.

Additionally, HTB will now accept applications from non-home owning first-time landlords with an income exceeding £60,000 per annum.

The maximum loan size for first-time landlords is £500,000, allowing for a portfolio of up to four units, with the condition that the applicant does not intend to live in the property.

HTB offers landlords and professional investors specialist buy-to-let, residential, and semi-commercial investment loans of up to £25m for limited companies, offshore entities, expats, and foreign nationals.

Andrea Glasgow, sales director, specialist mortgages at Hampshire Trust Bank, said: “At HTB, we’re not one for sitting on our hands. When brokers speak, we listen.

“We recognise that we’re in a key position to influence the quality of the nation’s housing stock through our lending decisions.

“And, alongside increasing support for the next generation of property investors, we are helping to positively shape the future of the investor market.”