HTB launches large loan BTL deal
Hampshire Trust Bank (HTB) Specialist Mortgages has launched a large loan buy-to-let offering.
The product is a 60% LTV 5-year fix at 3.25%.
It is only available for buy-to-let and the minimum loan amount is £1m, with the maximum being set at £15m.
Marcus Dussard, sales director at HTB, said: “I’m genuinely thrilled to be able to offer our lowest ever 5-year rate.
“This will be welcome news to our broker partners as they continue to make the most of the opportunities and strong demand from borrowers.
“It will also give a further boost to help stimulate activity and support our brokers in finding the best solutions for borrowers”.
Alex Upton, commercial director at HTB, added: “This proposition fills an obvious gap in our offering and provides brokers with even greater choice and flexibility.
“It would be an easy win to open the floodgates and offer this on all lending.
“We have decided to focus on deals over £1m to ensure we continue to service all new and existing business to the same high standard and turnaround times our brokers are used to.”