Hampshire Trust Bank (HTB) has announced the launch of a new special edition buy-to-let 5.99% five-year fixed rate product for loans between £100,000 and £1m.
The product has a 5% arrangement fee which can be added to the loan, the lender confirmed.
HTB also stated that the minimum interest cover ratio (ICR) and early repayment charges (ERCs) for the new offering will be standard.
The new product will provide more choice across HTB’s product range and enables increased affordability for clients looking to refinance.
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.
“Our new BTL Special Edition is another example of HTB’s ability to evolve our product offering based on valuable broker feedback,” HTB managing director, specialist mortgages, Chris Daly, commented.
“Our broker partners can now access a range of products to suit their clients’ needs, all safe in the knowledge that our broad criteria, quick decisions and market leading customer service remains. This means we’re truly able to deliver for our brokers, all whilst championing and supporting small property investors.”
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