HTB cuts five-year BTL fixed rates by up to 60bps

Published on

Hampshire Trust Bank (HTB) has reduced rates within its specialist buy-to-let mortgage range, offering major cuts on its five-year fixed rates.

These products have been reduced by up to 60 basis points with rates starting at 6.69% for Fee Plus, 7.09% for ERC Plus and 7.29% for ERC Lite.

HTB will continue to offer bespoke pricing for loans over £5 million in acknowledgement of larger deals often being more complex and requiring flexibility across not only pricing but criteria too.

Fee Plus comes with a 5% arrangement fee and no lifetime ERC; ERC Plus also comes with a standard 2% arrangement fee and a 1% lifetime ERC; and ERC Lite comes with a standard 2% arrangement fee and no lifetime ERC.

In addition, the Bank has simplified its loan bandings for buy-to-let, with these rates available on all loans between £100k and £5 million – previously the loan bandings were split between £100k-£1m and loans £1m-£5m.

Chris Daly (pictured), managing director, specialist mortgages at Hampshire Trust Bank, said: “At HTB, we constantly review our pricing and so today have taken the immediate decision to reduce rates in order to help brokers and their landlord clients further.

“These significant rate cuts of 60 basis points across our ERC Lite, ERC Plus and Fee Plus five-year fixed-rate products, coupled with our expansive criteria and market-leading service levels, will provide advisers with an enhanced, competitive range of options for their landlord clients.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Bath launches green self-build mortgage with BuildLoan

Bath Building Society has introduced its first green self-build mortgage range, aimed at supporting...

UTB bolsters northern bridging presence with new hires

United Trust Bank has announced the appointment of two bridging underwriters, who will be...

Gen H cuts mortgage rates by up to 50bps

Specialist lender Gen H has announced mortgage rate reductions of up to 50 basis...

Knowledge Bank hires criteria and partnerships manager

Knowledge Bank has announced the appointment of Julie Bourne as criteria and partnerships manager,...

Iress event to seek to redefine the future of protection

Industry leaders from across the protection sector have been invited gather in London later...

Latest opinions

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

A home shouldn’t be out of reach for those who keep the UK running

In a housing market that has grown steadily more selective, it is often those...

Richard Pike: A conference of positivity – Global ABS Day three

It’s time for reflection of the last three days here in Barca. To readers,...

Other news

The Bath launches green self-build mortgage with BuildLoan

Bath Building Society has introduced its first green self-build mortgage range, aimed at supporting...

UTB bolsters northern bridging presence with new hires

United Trust Bank has announced the appointment of two bridging underwriters, who will be...

Gen H cuts mortgage rates by up to 50bps

Specialist lender Gen H has announced mortgage rate reductions of up to 50 basis...