Hampshire Trust Bank has launched a new buy-to-let residential range called Flow, offering lower rates for simpler cases.
The lender’s mortgages now fall into three main categories: Flow, Core and Bespoke.
In the new Flow range, prices are 55 basis points lower than comparable Core deals with the same arrangement costs to reflect a lower risk profile.
Rates start from 5.54% for a two-year term, fixed at 75% loan-to-value with a 5% fee.
The Flow range is available for buy-to-let cases up to £2.5 million, including multi-occupancy houses and multi-unit blocks, where the ownership structure of the deal and ownership is clearly defined.
The Core range, which remains unchanged, continues to provide funding for specialist cases including semi-commercial, purpose-built student accommodation and complex ownership structures up to £5 million.
HTB’s Bespoke range continues to apply to transactions over £5 million and includes dedicated support for relationship managers and commercial terms to be agreed on a case-by-case basis.
HTB director of specialist mortgages and bridging finance Alex Upton says: “Flow introduces clearly defined parameters for buy-to-let residential properties, with pricing 55 basis points below our Core equivalents.
“That difference is intentional.
“It recognizes where the risk is clearly understood and allows us to compete with greater precision, without compromising the underwriting discipline that underpins every decision we make.
“Core and Bespoke continue to support complexity and scale.
“That remains central to our proposition.
“We don’t limit our appetite.
“Every case continues to be assessed manually.
“What we have done is a tighter alignment between pricing, engagement and deal profile.”