The revisions are in response to feedback from its broker partners and provide clarity and simplification of the proposition.
Its rate card now provides rates for loans up to £5m, an increase from £3m previously. Loans from £5m to £15m will be priced on application. Other key features include:
- For loan sizes between £500k and £5m rates start at 3.78% for 2 year fixed and 4.09% for 5 year fixed; and
- The semi-commercial offering is expanded to allow properties where the residential value is at least 50% of the value of the whole property, previously only properties where the residential value was at least 60% were permissible.
Alex Upton, Sales Director at HTB Specialist Mortgages, commented: “We already consider our lending offer to be market-leading in terms of flexibility and ability to cater for complex propositions however we always listen to feedback. This refresh gives our brokers additional certainty from the outset of what we can offer, empowering them to deliver fantastic and bespoke finance solutions to their clients.”
Read more information on Hampshire Trust Bank’s Specialist Mortgages division.
ENDS
For additional information or to arrange an interview, please contact:
Andrew Bullock
Head of Marketing & Communications
Hampshire Trust Bank
Tel: +44 (0) 20 7886 4722
Email: andrew.bullock@htb.co.uk
Notes to editors
Hampshire Trust Bank is a specialist bank, staffed by experts focused on helping UK businesses realise their ambitions. Our dedicated Specialist Business Finance, Development Finance and Specialist Mortgages divisions ensure that businesses receive the outstanding service, lasting relationships, integrity and expertise they need to prosper. We also provide savings accounts to individuals and businesses and since we lend only to businesses, our savers can be sure their money will be used to boost the British economy. The bank is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority.