Hampshire Trust Bank tweaks semi-commercial criteria

Published on

Hampshire Trust Bank (HTB) has made changes its semi-commercial lending criteria following feedback from brokers.

The bank has adapted the ratio of commercial to residential to 50:50 to match the requirements of brokers and open the door to more semi-commercial lending opportunities.

HTB can deal with a wide variety of complex assets, including pubs, barbers, betting shops, offices and more. With this criteria change, they will be able to consider an increased number of properties with living accommodation above commercial premises.

It will lend up to £15m and 75% net loan to value (LTV). There are no minimum income or maximum age requirements and HTB will lend to limited companies, ex-pats, trusts and offshore vehicles and foreign nationals.

Marcus Dussard (pictured), sales director at Hampshire Trust Bank, said: “At Hampshire Trust Bank we constantly listen to feedback from brokers and today’s change is the direct result of that. The criteria change means we can lend on an increased number of properties and assets and highlights our appetite to lend in the semi-commercial space.

“Unlike many lenders in this market, we consider the commercial and the residential income for both investment and owner-occupied commercial properties due to our years of expertise and flexible underwriting approach in the specialist arena.

“We have a number of further enhancements to our offering lined up as we continue to meet the demands of brokers and their clients.” 

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...

Mortgage product availability surpasses 25,000 for the first time

The number of mortgage products available in the UK has reached an all-time high,...

ASG Finance launches loan for HNW investors

ASG Finance has introduced its latest funding initiative: the ‘Base Rate Beater’ secured investment...

Other news

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...