Hampshire Trust Bank has increased the loan-to-value and reduced the rates on its buy-to-let, HMO and semi-commercial fixed rate mortgages and has increased the maximum loan size on these products to £5m.
As part of the revamp, the bank has increased the LTV ratio to 75% on its buy-to-let and HMO 2-year fixed rate and semi-commercial fixed rate mortgages portfolio, introducing reduced rates that start from 3.98%. Larger transactions are considered on a case-by-case basis.
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.”