Hampshire Trust Bank

HTB increases max LTV on short-term lending product




Hampshire Trust Bank's commercial mortgages team has announced changes to its short-term lending product.

The specialist bank has increased the maximum LTV on its short-term lending product from 70% to 75%, including interest roll up and fees.

Hampshire Trust Bank decided to make the changes in response to feedback from its broker network.

Anna Lewis, head of production, commercial mortgages at Hampshire Trust Bank, said: “We listened to our brokers and enhanced our short-term lending product in direct response to their feedback.

“We are focused on continuing to improve the service we provide to intermediaries and are committed to working with them to support the growth of their businesses.

“In October, the commercial mortgages team had its busiest month on record and it achieved this while still upholding its broker service standards, which is key for us.

“We expect to be announcing more enhancements and improvements in the coming months.”

Hampshire Trust Bank’s commercial mortgages team offers bridging and term finance secured against buy-to-let, semi-commercial and commercial properties.

Loan amounts range from £100,000-2.5m.

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