HTB launches 5:2 fixed product

The specialist BTL and HMO 5:2 product goes up to 75% LTV, at a rate of 4.99% when lending between £100,000 and £500,000.

If the loan is between £500,000 and £5m, the rate is 4.69% at 75% LTV, and 4.65% at 70% LTV.

The semi-commercial 5:2 product has a rate of 5.35% when lending between £100,000 and £5m with 75% LTV, and 5.20% at 70% LTV.

Deals above £5m for the semi-commercial 5:2 products are priced on application.

Alex Upton, commercial director of specialist mortgages at HTB (pictured above), said: “I’m really excited to announce this new solution, it allows brokers to offer the best of both worlds to their clients.”

She stated that a borrower can get the certainty and leverage provided by a five-year fix, but with the flexibility of a two. 

“This enables more control in managing their portfolio as plans change and opportunities arise.

“Yes, this is a difficult time with unusual challenges, but we need to stop navel gazing, start looking forward and continue to innovate.

“Decisive innovation, together with continued investment in our people and process, is what makes us an agile and genuinely specialist lender.”