Hampshire Trust Bank’s commercial mortgages team has reduced its remortgage buy-to-let and house in multiple occupation (HMO) five-year fixed rate to 3.99%.

Last week the specialist bank launched a fee incentive on its residential short term lending product to brokers. As part of the remortgage buy-to-let and HMO deal, which is applicable to loans ranging from £200,00 to £1m, there is no application fee, subject to terms and conditions.

The commercial mortgages team offers bridging and term finance secured against buy-to-let, semi-commercial and commercial property with loan amounts from £200,000 to £2.5m.

Anna Lewis, head of sales, commercial mortgages, at Hampshire Trust Bank, said: “We are delighted to be launching another deal to our brokers. We are committed to continually improving our service and driving product enhancements wherever possible.

“We understand that this is a challenging time and want to help our brokers to make the most of opportunities in the remortgage buy-to-let and HMO space.”