The specialist lender will now accept 10 short-term lets in a portfolio, up from a cap of four. The maximum exposure has also been increased from £2m to £5m.
The top loan amount on a single unit has risen to £1.5m. This compares to £1m previously.
HTB provides holiday let mortgages for limited companies, offshore entities, expats and foreign nationals and first-time landlords.
Louisa Sedgwick, managing director, specialist mortgages at Hampshire Trust Bank (pictured), said: “We are delighted to announce this improvement to our holiday let proposition. These changes are not minor; rather, they allow the Bank to significantly increase its support for landlords who are meeting demand for staycations.
“This, in tandem with the recent increase in our maximum loan size across our specialist buy-to-let range to £25m, shows how serious we are about growing market share in this area.”
