Hampshire Trust Bank (HTB) has introduced key improvements to its heavy refurbishment bridging proposition to give brokers greater scope to structure complex cases. The changes include an increase in the maximum day 1 LTV from 70% to 75%, bringing heavy refurbishment in line with HTB’s standard bridging range. Furthermore, for cases where the LTDGV is 65% LTV, HTB can now fund refurbishment costs at up to 100% of the property’s day 1 value. These updates are designed to give brokers more flexibility to structure ambitious projects, particularly where clients are converting, extending or repositioning property.

Foundation Home Loans has refreshed its buy-to-let (BTL) product range, which includes an increase on maximum loan sizes on most 65% LTV products, now available up to £3m. On its F1 two-year fixed BTL mortgage, rates now start from 5.60% at up to 75% LTV with a 1% fee. A new F2 two-year fixed rate HMO limited edition product has been launched at 5.75% at up to 75% LTV with a 1% fee. Furthermore, Foundation has introduced new F1 and F2 five-year green ABC+ products at up to 70% LTV, starting from 5.79%, with a 1.25% fee. It comes with no application fee, a free valuation and a maximum loan size of £2m.

United Trust Bank Mortgages (UTB) has launched an upgraded version of its broker API. Using the new API, brokers can now complete mortgage applications including running credit searches, checking affordability, uploading documents and running a decision in principle. Furthermore, brokers will be able to create mortgage applications and select products, use UTB’s loan and affordability calculators and provide underwriting requirements.

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