Hampshire Trust Bank (HTB) has announced significant enhancements to its specialist buy-to-let (BTL) mortgage offering, with reduced fixed rates and simplified loan size bandings.

The bank has confirmed that its five-year fixed rates have been reduced by up to 130 basis points, starting from 5.99%, while its new two-year fixed rates are starting from 5.69%.

HTB has also simplified its bandings into three levels: £100k - £1m; £1m - £5m and £5m+. Its recently launched “ERC Plus” and “ERC Lite” options are also now extended across both the firm’s two-year and five-year fixed rate specialist BTL, HMO and MUFB and semi-commercial ranges.

Managing director, specialist mortgages at HTB, Chris Daly, commented: “These positive changes to our specialist investment loan proposition highlight our appetite for business from portfolio landlords and professional investors, with our £1m to £5m band being particularly competitively priced.

“These reductions put our fixed rates firmly in a sweet spot for investors, and with our service back at SLA levels, we are ready to manage demand for these attractively priced products.”

HTB provides professional investors with specialist residential loans up to £25m for limited companies, offshore entities, expats and foreign nationals, as well as mixed use portfolios and semi-commercial properties.

Daly added: “We think it is prudent to offer options for brokers to recommend the best product to meet their clients’ requirements for leverage and affordability, as demonstrated with today’s changes.”

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