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 Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...