Hampshire Trust Bank (HTB) has just completed on a £3.6m finance package following an introduction from Callum Taylor of Portway Finance.
The package included a £900k residential refurbishment bridge and a £2.7m BTL remortgage of a seven-bed HMO.
The refurbishment project was experiencing the all-too-common challenge of planning delays combined with an unsympathetic and inflexible bridging lender. The client had to seek an alternative solution. By releasing equity from their wider investment portfolio, they could repay the existing lender and continue with their refurbishment plans. HTB’s full spectrum of property expertise, from development finance, to bridging, to specialist mortgages, meant they were able to provide a seamless solution to the client.
The client was introduced by Callum Taylor of Portway Finance who has experience of working with the HTB on a variety of bridging and specialist BTL cases. He immediately recognised HTB as being the right option for these particular transactions.
Lorenzo Satchell, sales director for bridging, Hampshire Trust Bank, commented:
”Callum’s experience of working with HTB meant that he presented these cases perfectly, which enabled us to make a quick decision on how we could support his client.
“Forming these types of close relationships has been vital in our growth within the specialist lending space and, once a broker has worked with us, our intermediary partners fully appreciate how accommodating we can be from a product, criteria, and service perspective.
“The complexity involved in this transaction highlights how our borrowers and introducers can benefit from the different specialist lending divisions we have across the Bank, and how these can provide the perfect platform to generate and deliver multi-faceted solutions in a responsible and appropriate manner.”