Hampshire Trust Bank (HTB) has launched two specialist five-year fixed-rate residential and semi-commercial products, for professional landlords borrowing up to £25m.

The specialist lender says these products have been launched now service levels have recovered to normal levels following the turmoil in the mortgage market after the ‘mini Budget’ in September.

The two products have been added with differing early repayment charges, ERC Plus and ERC Lite.

HTB says this is to allow brokers to choose between the two products depending on the client’s particular affordability requirements and rate preference.

The options are available in HTB’s specialist buy-to-let (BTL), houses of multiple occupancies (HMO) and multi-unit freehold block (MUFB) ranges as well as its semi-commercial offering at up to 75% loan-to-value (LTV).

ERC Plus offers borrowers a lower rate, starting from 6.79%, in exchange for an increase in the typical ERC payable by 1% in any year for the life of the loan upon exit.

The ERC Lite product is at a higher rate, starting from 6.99%, but with HTB’s existing ERC profile applicable.

For both products, clients will be able to benefit from up to 10% of the original loan amount repayable per annum without charge.

HTB managing director of specialist mortgages Chris Daly comments: “We are delighted to announce this enhancement to our specialist investment loan proposition.”

“The bank has been listening carefully to brokers who have been outlining landlords’ difficulties with affordability, especially since the ‘mini Budget’ in late September 2022 and the subsequent turmoil in the lending markets.”