Hampshire Trust Bank (HTB) has announced rate reductions across all its two and five-year commercial mortgage products, with cuts of up to 50 basis points (bps).

Rates now start from 6.19% for a two-year fixed rate and 6.59% for a five-year fixed rate.

HTB’s reduced semi-commercial rates will apply to all existing ERC Plus and ERC Lite products, as well as Fee Plus.

Semi-commercial loans have a minimum ICR (income-contingent repayment) of 125% and maximum LTV (loan to value) of 75%.

HTB provides professional investors with specialist residential and semi-commercial loans up to £25m for limited companies, offshore entities, expats and foreign nationals.

Hampshire Trust Bank  managing director, specialist mortgages  Chris Daly commented:

“It’s critical to us that brokers see HTB as a lender which listens and acts. We’re committed to the semi-commercial market and constant innovation to help meet the needs and demand from landlords and property investors who see semi-commercial as an area which will help them positively diversify their portfolios”.

He added: “With today’s reduction in pricing across all our semi-commercial products, we’re supporting landlords to achieve their goals by addressing their issues with mortgage affordability”.