Buy to Let

Hampshire Trust Bank prepares for PRA underwriting standards

Hampshire Trust Bank has created a new set of documents to assist intermediaries in providing the additional information required under the upcoming PRA underwriting standards.

New information that needs to be submitted under the PRA standards, which comes into effect on the 30 September, includes a portfolio schedule, business plan, and future cash flow forecast.

Mark Sismey-Durrant, chief executive officer at Hampshire Trust Bank, said: “The buy-to-let landscape has faced a period of unprecedented change.

“We remain committed to the portfolio buy-to-let sector and in supporting our broker partners with their business.

“Our new documents are designed to make it a simple and straightforward process for brokers to provide us with the new information that will be required.”

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