Hampshire Trust Bank increases buy-to-let and HMO LTV and max loan value

Michael Lloyd

April 19, 2018

Hampshire Trust Bank has increased the loan-to-value ratio on its buy-to-let and house in multiple occupation (HMO) 5-year fixed rate to 75% and increased the maximum loan size to £5m.

The rate is 4.39% and 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.

David Whittaker, managing director at Mortgages For Business and Keystone Buy to Let Mortgages, said: “It’s good to see they now have the capacity to lend to 75% and can do larger deals.

“This starts to bring them more into the main arena for larger buy-to-let and larger loans which brings more competition and is welcome to the market.”

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.

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