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.”
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