Marcus Dussard

HTB introduces new BTL loan product

Hampshire Trust Bank's specialist mortgages division has launched a new five-year fixed-rate product for BTL loans over £1m.

It offers a 3.25% rate and up to 60% LTV, and is available for loans between £1m - 15m.

The new product will fall under the same standard criteria as other BTL lending.

Thsi is said to be the lender’s lowest-ever five-year rate.

Marcus Dussard, sales director at HTB Specialist Mortgages (pictured above), commented: “This announcement today is a testament to HTB’s confidence in the BTL market.

“This will be welcome news to our broker partners, as they continue to make the most of the opportunities and strong demand. 

“It will also give a further boost to help stimulate activity and support our brokers in finding the best solutions for borrowers.”

Alex Upton, commercial director at HTB Specialist Mortgages, added: “This proposition fills an obvious gap in our offering, and provides brokers with even greater choice and flexibility.

“We have decided to focus on deals over £1m to ensure we continue to service all new and existing business to the same high standard and turnaround times our brokers are used to.

“I’ve said it before — this is about knuckling down and supporting the return to normality. 

“Our experience and knowledge combined with being a specialist bank lender means we are able to be agile in uncertain times and deliver innovative products where there is market demand."

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