Hampshire Trust Bank (HTB) has unveiled new rate reductions across all its two and five-year commercial mortgage products, with cuts of up to 50 basis points (bps).

Rates now start from 6.19% for a two-year fixed rate and 6.59% for a five-year fixed rate.

HTB’s reduced semi-commercial rates will apply to all existing ERC Plus and ERC Lite products, as well as Fee Plus, offering brokers and borrowers more options in response to affordability requirements and rate preferences.

Semi-commercial loans have a minimum ICR (income-contingent repayment) of 125% and maximum loan to value (LTV) of 75%.

Chris Daly (pictured), managing director of specialist mortgages at Hampshire Trust Bank, said: “It’s critical to us that brokers see HTB as a lender which listens and acts. We’re committed to the semi-commercial market and constant innovation to help meet the needs and demand from landlords and property investors who see semi-commercial as an area which will help them positively diversify their portfolios.

“With today’s reduction in pricing across all our semi-commercial products, we’re supporting landlords to achieve their goals by addressing their issues with mortgage affordability.

“While it’s only February, we’ve already made many positive changes to pricing and criteria across our specialist mortgages range this year; that said, we aren’t resting on our laurels. We have a responsibility and appetite to support all landlords, whether old or new, and will be revealing more about this shortly.”