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Hampshire Trust Bank to issue new documentation ahead of PRA changes

Tom Belger | 14:37 Monday 18th September 2017

Hampshire Trust Bank has created a new suite of documentation for brokers ahead of the PRA-regulated changes for the portfolio buy-to-let sector.

The new information required from applicants includes a portfolio schedule, business plan, cash flow for the previous 12 months and a future cash flow forecast.

The bank's commercial mortgages team will issue the suite of documentation later this week and will assist intermediaries in providing the required additional information.

Mark Sismey-Durrant, chief executive officer at Hampshire Trust Bank, said: “The buy-to-let landscape has faced a period of unprecedented change, with a number of new regulations being implemented that have impacted the market.

“Our approach has largely anticipated these changes already.

“We remain committed to the portfolio buy-to-let sector and in supporting our broker partners with their business.

“Our new documents are designed to make it a simple and straightforward process for brokers to provide us with the new information that will be required.

“As a specialist lender, we are focused on providing timely and balanced decisions on buy-to-let deals, helping to ensure that introducers and borrowers do not miss out on the opportunity to grow their businesses.”

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