Hampshire Trust cuts rates and launches two-year fixes

Rates on five-year landlord mortgages have fallen by to 130 basis points to start from 5.99 per cent.

And the new two-year fixed rates start from 5.69 per cent.

At the same time, the bank has simplified loan size bandings into three levels: £100k – £1m; £1m – £5m and, £5m and above.

The recently launched ‘ERC Plus’ and ‘ERC Lite’ options have also been extended across both the two-year and five-year fixed rate specialist buy-to-let, HMO and MUFB and semi-commercial ranges.

HTB provides professional investors with specialist residential loans up to £25m for limited companies, offshore entities, expats and foreign nationals, as well as mixed use portfolios and semi-commercial properties.

HTB: ‘Highlighting our appetite for business from portfolio landlords’

Chris Daly (pictured), managing director, specialist mortgages at Hampshire Trust Bank, said: “These positive changes to our specialist investment loan proposition highlight our appetite for business from portfolio landlords and professional investors, with our £1m-£5m band being particularly competitively priced.

“These reductions put our fixed rates firmly in a sweet spot for investors, and with our service back at SLA levels, we are ready to manage demand for these attractively priced products.

“As illustrated with our recent ERC product launches, we do not believe high fees/lower rate products meet the needs of landlords; rather, we think it is prudent to offer options for brokers to recommend the best product to meet their clients’ requirements for leverage and affordability, as demonstrated with today’s changes.”