HTB cuts semi-commercial mortgage rates

Reduced rates apply to all existing ERC Plus and ERC Lite products, as well as Fee Plus

HTB cuts semi-commercial mortgage rates

Hampshire Trust Bank (HTB) has announced reductions in its semi-commercial mortgage rates, including both two- and five-year fixed rate products, with decreases up to 50 basis points.

The new rates now start at 6.19% for two-year fixed rates and at 6.59% for their five-year counterparts.

The lender has implemented the reductions to all its existing ERC Plus and ERC Lite products, as well as to the Fee Plus option.

For semi-commercial loans, HTB has set a minimum income-contingent repayment (ICR) at 125% and a maximum loan-to-value (LTV) ratio at 75%.

The bank offers specialised residential and semi-commercial loans up to £25 million, targeting professional investors. These loans are available to limited companies, offshore entities, expatriates, and foreign nationals.

“It’s critical to us that brokers see HTB as a lender which listens and acts,” said Chris Daly (pictured), managing director of specialist mortgages at Hampshire Trust Bank. “We’re committed to the semi-commercial market and constant innovation to help meet the needs and demand from landlords and property investors who see semi-commercial as an area which will help them positively diversify their portfolios.

“With today’s reduction in pricing across all our semi-commercial products, we’re supporting landlords to achieve their goals by addressing their issues with mortgage affordability.

“While it’s only February, we’ve already made many positive changes to pricing and criteria across our specialist mortgages range this year; that said, we aren’t resting on our laurels. We have a responsibility and appetite to support all landlords, whether old or new, and will be revealing more about this shortly.”

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