Hampshire Trust Bank's commercial mortgages team has reduced its remortgage buy-to-let (BTL) and house in multiple occupation (HMO) five-year fixed rate to 399%.
The specialist bank has announced the rate cut having recently launched a February fee incentive for brokers on its residential short-term lending product.
As part of the remortgage BTL and HMO deal – which is applicable to loans ranging from £200,000-1m – there is no application fee, subject to terms and conditions.
Anna Lewis, head of sales for commercial mortgages at Hampshire Trust Bank (pictured above), said it was delighted to be launching another deal for its 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 BTL and HMO space.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
-
Revolut granted European banking licence
Revolut has announced that it has secured its European banking licence...
-
Starling hires head of SME banking
Starling Bank has announced the appointment of Stuart Doignie as its head of SME banking...
-
Local brewery secures backing from Development Bank of Wales
The Development Bank of Wales has part-funded a £134,000 capital investment project by Wild Horse Brewing Company...
-
Metro Bank adds international payments to mobile app
Metro Bank has enhanced its mobile app with the introduction of international payments for its personal and business customers...
-
How digital technology can help high street banks innovate
As society moves more and more towards a digital future, the closure of retail bank and building society branches is anticipated to accelerate...
-
Mortgage Industry Collective releases charity single
A group of mortgage professionals have collaborated to release a Christmas charity single to raise money for End Youth Homelessness...
-
City of London Group appoints first NED for Recognise
City of London Group PLC (COLG) has named Simon Wainwright (pictured above) as the first non-executive director for its subsidiary Recognise Financial Services...
-
BBB names network director for North and Midlands
The British Business Bank (BBB) has appointed Geoff Whiteland as its new UK network director for the North of England and the Midlands...
-
Wyelands Bank completes ABL deal for stainless steel supplier
Wyelands Bank has completed a seven-figure, asset-based lending deal for AD Bird Stainless Limited...
-
Axis Bank names new MD and CEO
Axis Bank Ltd has announced that Shri Amitabh Chaudhry will become its new CEO and managing director...
-
Co-operative Bank to apply for grants from RBS fund
The Co-operative Bank has announced it will apply for funding from the RBS alternative remedies package as it looks to grow its presence in the business banking market...