Tuesday, August 15, 2023
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Hampshire Trust Bank (HTB) has made a raft of enhancements to its specialist buy-to-let, holiday let and semi-commercial mortgage criteria. For semi-commercial transactions where the property split is less than 65% commercial by value, HTB will now apply the same lending criteria, lending up to 75% LTV, removing the previous cut off that was in place.
On holiday lets, restrictions have been removed on the maximum number of units with HTB and loan amount, subject to the bank’s existing exposure limit which is currently £25 million, plus no requirement for experience now required.
For vulnerable tenants, HTB now accepts cases where properties are let for emergency housing, rehabilitation or social transitional purposes, provided there is a credible professional operator providing appropriate management. The lender has also simplified when aggregate values apply and increased the threshold above which a mortgage debenture is required to £2 million.
Call Trinity Specialist Finance to secure funding on 020 7016 6151 or book a consultation
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