Hampshire Trust Bank (HTB) has launched a new Special Edition 5.99% five-year fixed rate buy-to-let product for loans between £100,000 to £1m.
The product has a 5% arrangement fee which can be added to the loan. The minimum Interest Cover Ratio (ICR) and Early Repayment Charges (ERCs) are standard.
HTB says its new product provides more choice and enables increased affordability for clients looking to refinance during uncertain times.
Chris Daly (pictured), managing director, specialist mortgages at Hampshire Trust Bank, said: “Our new buy-to-let Special Edition is another example of HTB’s ability to evolve our product offering based on valuable broker feedback. Our ERC Lite and ERC Plus products have shown a strong demand for higher-fee, lower-rate products to support buy-to-let investors with their affordability challenges, and this Special Edition takes this one step further.
“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.”
