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Hampshire Trust Bank change BTL and HMO interest cover ratio

Hampshire Trust Bank (HTB) has enhanced the lending criteria on its buy-to-let and home in multiple occupation (HMO) five-year fixed rate deals, enabling customers to potentially borrow more.

HTB will now assess eligible buy-to-let mortgage applications using a minimum of 125% rental cover for companies and 140% for individuals.

The lender has also reduced the minimum ICR thresholds for HMOs with over six bedrooms to 140% for companies and 155% for individuals.


“This is the latest enhancement we have made to our BTL and HMO product and we believe this will help our broker partners to better support their portfolio landlord customers,” said Anna Lewis, head of sales of specialist mortgages at Hampshire Trust Bank.

“We have more enhancements in the pipeline,” she added.

HTB provides a range of specialist mortgage solutions including bridging, development exit finance, buy-to-let and HMO, with loan amounts of up to £5m, and commercial and semi-commercial mortgages, with loan amounts of up to £2.5m.

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