Meanwhile for HMOs with over six bedrooms they are dropping to 140% for a company and 155% for individuals.
Hampshire Trust Bank has reduced its minimum income cover ratio thresholds for portfolio buy-to-let landlords to 125% for acompany and 140% for an individual.
Meanwhile for HMOs with over six bedrooms they are dropping to 140% for companies and 155% for individuals.
Anna Lewis (pictured), head of sales, specialist mortgages, at Hampshire Trust Bank, said: “We are committed to the broker sector and to providing the financial solutions they need.
“This is the latest enhancement we have made to our buy-to-let and HMO product and we believe this will help our broker partners to better support their portfolio landlord customers. We have more enhancements in the pipeline."
The bank has also appointed Richard Winston as business development manager in the specialist mortgage division from Mortgages for Business, while he previously had relationship management roles at Santander and HSBC.
Hampshire Trust Bank provides a range of specialist mortgage solutions including bridging, development exit finance, buy-to-let and HMO.
