“The short-term flexibility it offers allows borrowers to adapt to changing personal and market circumstances”
– Chris Daly, managing director of specialist mortgages at HTB

Hampshire Trust Bank has launched a new ‘Flex’ tracker mortgage, a limited-edition two-year discounted tracker available across its buy-to-let and semi-commercial offerings.

Flex offers all the benefits of a tracker mortgage plus the ability to either sell the property or lock-into a fixed term within the two-year discount period, without incurring early repayment charges.

Flex is ideal for investors and developers who want the flexibility to move with their local market. This product may not be suitable for borrowers wishing to refinance to another lender during the initial term as ERCs will still apply.

The new mortgage tracker is available up to a maximum net LTV of 75%, with buy-to-let rates starting from 7.80% for Fee Plus, 8.80% for ERC Plus and 9.30% for ERC Lite. Rates start from 8.00% for Fee Plus, 9.00% for ERC Plus and 9.50% for ERC Lite across semi-commercial.

Chris Daly, managing director of specialist mortgages at Hampshire Trust Bank, commented: “We’re committed to innovation, and our new flexible mortgage tracker is a bold step forward.

“Driven by broker feedback and a desire to try something new that will genuinely add value for brokers, we’ve reimagined a conventional tracker to be more flexible. This product will appeal to developers who are happy to tenant new developments, before selling down over time as well as giving existing investors the ability to track, fix or even sell during the initial term depending on their needs.

“The short-term flexibility it offers allows borrowers to adapt to changing personal and market circumstances, recognising that we can’t always accurately predict the future. By empowering investors and developers with better strategic decision-making tools, this tracker enables them to navigate uncertainty, effectively.”