HTB increases specialist buy-to-let loan sizes
Hampshire Trust Bank has increased the maximum loan size across its specialist buy-to-let range from £15m to £25m.
"We are very pleased to announce this significant increase in our maximum loan size across our specialist buy-to-let range."
Its specialist buy-to-let range includes products for limited companies (trading, SPVs and new SPVs), offshore entities, expats and foreign nationals and first-time landlords.
The Bank provides lending on HMOs, MUFBs, semi-commercial, new build flats, short-term lets, plus allow DSS and sitting tenants.
Louisa Sedgwick, managing director of specialist mortgages at Hampshire Trust Bank, commented: “We are very pleased to announce this significant increase in our maximum loan size across our specialist buy-to-let range. It illustrates our appetite for larger loan sizes and cements our credentials as a serious player for property investors with larger portfolios.
“In our experience, writing specialist buy-to-let cases needn’t be complex and so this enhancement, along with more changes that we have planned, is aimed at removing unnecessary barriers and making the complex as simple as possible.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
CHL Mortgages
CHL enhances bridging range with AVMs and enhanced adverse credit criteria
Housing Market
July housing transactions dip 2% amid 'cautious market': HMRC