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HTB increases maximum lending LTV, eases ICR and re-enters holiday lets

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  • 21/07/2020
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HTB increases maximum lending LTV, eases ICR and re-enters holiday lets
Hampshire Trust Bank (HTB) will increase its maximum lending to £15m for loan to value (LTV) of up to 75 per cent.

 

In May, the lender increased loan limits to 75 per cent LTV along with the return of physical valuations, but was only offering maximum loans of £750,000 in London and £500,000 nationally at this level. 

At the time, HTB lifted interest cover ratios (ICR) by up to 15 per cent but as of today, they have been lowered back down to pre-Covid levels for all deals. 

HTB will also resume lending on holiday lets. 

Marcus Dussard (pictured), sales director, specialist mortgages said: “Throughout the last few months, we have been steadfast in support for our brokers. To all intents and purposes, we have been operating a full service, albeit with some changes to our appetites.  

“I’m excited the changes announced today which mean we can continue to support the market from the front.” 

 

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Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors. Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies. This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector. She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021. In her spare time, Shekina likes to read, travel, listen to music and socialise with friends. She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content. Follow her on Twitter at @ShekinaMS

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