Hampshire Trust ups LTV and loan size

  • 19/04/2018
  • 0
Hampshire Trust ups LTV and loan size
Hampshire Trust Bank has increased the loan-to-value (LTV) ratio on its buy-to-let (BTL) and houses in multiple occupation (HMO) five-year fixed rate product to 75%.

It has also increased the maximum loan size it will accept to £5m and a valuation refund of up to £1,000 has been introduced for loans over £1m.

The lender allows full arrangement fees to be added to the loan and has no administration fee.

Hampshire Trust Bank head of sales for specialist mortgages Anna Lewis (pictured) said: “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 broker 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.”

There are 0 Comment(s)

You may also be interested in

Read previous post:
worried mortgage customers
Open Banking: Eight out of 10 do not want banks to share data – Trustpilot

Open Banking could run into major problems after a survey showed more than eight out of 10 consumers are unwilling...