Hampshire Trust Bank announces new specialist BTL criteria
Today, Hampshire Trust Bank (HTB) has expanded its specialist Buy-To-Let (BTL) criteria to deliver greater support to both first-time landlords and those looking to invest in properties built with modern methods of construction (MMC).
"Alongside increasing support for the next generation of property investors, we’re helping to positively shape the future of the investor market."
- Andrew Glasgow, Sales Director of Specialist Mortgages at HTB
Hampshire Trust Bank (HTB) will now consider any type of modern methods of construction (MMC) as security, as long as they’re approved by the Build Offsite Property Assurance Scheme (BOPAS).
This new criterion was driven by feedback from intermediaries championing the affordability difficulties faced by landlords, as well as the need to enhance the overall quality of the UK housing market.
Furthermore, HTB will now accept applications from non-home owning first-time landlords with an annual income of over £60k, “paving the way for the next generation of property professionals.”
Andrew Glasgow, Sales Director of Specialist Mortgages at HTB, said “We’re not one for sitting on our hands. When brokers speak, we listen.” He recognises that HTB is in a “key position to influence the quality of the nation’s housing stock through our lending decisions.”
“And, alongside increasing support for the next generation of property investors, we’re helping to positively shape the future of the investor market,” he concluded.
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