Hampshire Trust Bank (HTB), has announced an increase in LTVs with immediate effect, lifting the maximum LTV on borrowing to 75%.
Charles McDowell, pictured, Managing Director at HTB, said:
“It is more important than ever that we continually review our lending criteria as more information comes to light. With immediate effect we are increasing our maximum LTV to 75% for the right type of deals - the right properties, the right yields and the right borrowers”.
Marcus Dussard, Sales Director at HTB, added:
“The whole team is buzzing about being able to deliver these criteria changes to our brokers and their clients. We all work with our intermediaries on a case-by case-basis and can’t wait to deliver our specialist lending in what is likely to be a resurgence, albeit a cautious one, in the property market”.
HTB LTV Criteria – 18 May 2020
Maximum LTV |
Criteria |
Up to 65% |
All BTL, HMO and Semi Commercial deals are eligible for 65% LTV providing they meet our standard criteria |
Up to 70% |
As per 65% but with the following additional restrictions:
|
Up to 75% |
As per 65% but with the following additional restrictions:
|