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Support for First-Time Landlords with Expanded Loan Criteria

Hampshire Trust Bank (HTB) has announced an expansion of its specialist buy-to-let lending criteria, targeting two unique groups: first-time landlords and those investing in properties built using modern methods of construction (MMC). This move aims to support budding property investors and contribute to enhancing the quality of the UK’s housing stock.

In a progressive shift, HTB has decided to accept all types of properties constructed through modern techniques as viable securities for loans, as long as they are accredited by the Build Offsite Property Assurance Scheme (BOPAS). This inclusivity is rare among lenders and marks a significant step toward accommodating innovative construction methods in mainstream property financing.

Feedback Driven Decisions

The bank’s decision to widen its lending criteria came after receiving valuable insights from intermediaries. These highlighted the affordability hurdles that many prospective landlord clients face, alongside a call for improvements in the quality of housing available in the UK. By adjusting their lending practices, HTB is responding directly to these industry insights, aiming to make property investment more accessible.

Special Provisions for New Landlords

HTB has opened its doors to non-home owning first-time landlords who earn over £60,000 per year. This is a game-changer for individuals looking to enter the property market as investors rather than homeowners. For these novice landlords, HTB is offering a maximum loan amount of £500,000. The loan can cover a portfolio of up to four units, with the essential stipulation that the borrower must not reside in any of these properties.

Broadening the Investment Horizon

HTB’s product offerings are comprehensive, including specialist buy-to-let, residential, and semi-commercial investment loans that can reach up to £25 million. These are available not only to limited companies and domestic investors but also to offshore entities, expatriates, and foreign nationals, making HTB a versatile player in the investment financing arena.

Andrea Glasgow, the Sales Director for Specialist Mortgages at HTB, emphasised the bank’s proactive stance in shaping the property market. She stated, “At HTB, we’re not one for sitting on our hands. When brokers speak, we listen.” This philosophy underlines HTB’s commitment to listening to their intermediaries and adjusting their policies to not only support the financial aspirations of their clients but also to influence the overall quality and sustainability of housing in Britain.


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