Hampshire Trust Bank (HTB) is extending its Decision in Principle (Dip) from 30 to 90 days across its specialist mortgage product range.

HTB says the extension provides a single, simplified deadline, reducing multiple timeframes before and after the issuance of a Dip and pre-offer.

It adds that it will reduce administrative burden and give brokers more time to support their clients.

A Dip must be accepted within 30 days by instructing a valuation.

HTB managing director, specialist mortgages, Chris Daly says: “Providing an extended DIP is our way of simplifying the number of deadlines brokers need to track and progress a case.

“It’s a small change with big impact, reducing the administrative burden of a deal, and giving back valuable time which in turn allows brokers to focus more on their clients and the options available to them.

“Indeed, regardless of market conditions, we’re still lending and have the same strong appetite to support and champion experienced landlords.”

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