However this year the trade body expects both remortgage and product transfers to be as strong as last year.
The oversubscribed deal included £202.2m of note, equivalent to 87% of the pool, rated Aaa/AAA by Moody’s and DBRS.
Hampshire Trust provides a range of specialist buy-to-let products, including products for portfolio landlords, student accommodation, landlords with DSS tenants, Houses of Multiple Occupation (HMOs), holiday lets and expats.
The lender, which announced that it was re-entering the market this week following the completion of a long-term funding deal, has a relationship with CSF going back over four years.
Highlights include two rates both with a free valuation and £950 product fee. There’s a 2.19% product available for house-purchasing landlords with a 40% deposit and £500 cashback, and for landlords with the same equity looking to remortgage, the 2.19% rate will also be available with £250 cashback and free legals.
In addition, TMW will launch zero fee range of 2 and 5-year fixed and tracker buy-to-let mortgage products, including purchase and remortgage options, at up to 65% and 75% loan-to-value.
The lender’s Property Investor Survey showed almost half (42%) of property investors said they had struggled to secure a mainstream buy-to-let mortgage in the last 12 months, with 54% citing affordability criteria as the primary barrier to mainstream funding.
Under the terms of the latest agreement, the comprehensive VAS Panel database will be used on all commercial loan security valuations to ensure the most relevant third-party RICS-qualified surveyors are instructed based on location, deal type and value.
The buy-to-let lender has secured a long-term funding deal which should see Fleet complete over £1bn in new lending.
While landlords with an average of 12.8 properties and over 20 years’ experience in the private rented sector (PRS) remain engaged in the sector, they are now prioritising measures to bolster financial strength over portfolio expansion.