Hampshire Trust Bank (HTB) has introduced a new heavy refurbishment product to its specialist property finance offering. The product starts at a rate of 0.90% per month with terms available up to 24 months. It offers day-one lending up to 70% LTV, with minimum loan sizes starting from £150,000. It is designed to support larger, more complex projects and comes after HTB gained demand from brokers and their clients for flexible refurbishment funding solutions.
Metro Bank has cut rates by up to 30 bps on its two-year buy-to-let (BTL) product range. The reductions include the bank’s limited company BTL product, which was launched in July. Two-year fixed rates now start from 3.69% and 3.89% at 65% and 75% LTV respectively. Both products come with a 5% product fee.
Melton Building Society has made changes to its BTL criteria with a tiered approach to its ICR calculation for BTL mortgage applicants. The changes will see the introduction of a lower rate for basic mortgage payers. The updated tiers will be 125% for basic rate taxpayers and 145% for higher rate tax payers. The Melton said the new lower band for basic or nil rate taxpayers will offer flexibility when it comes to affordability.
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Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
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In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
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In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
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