Hampshire Trust completes its largest specialist deal to date

Published on

Hampshire Trust Bank’s (HTB) specialist mortgages division has provided a £15m loan to a landlord with a large property portfolio.

Brokered by Landlord Mortgages, the facility, which has a LTV of 66%, will finance 56 units across eight properties in East London. This will include four residential purpose built blocks and four semi-commercial buildings.

Charles McDowell, HTB’s managing director of specialist mortgages, said: “Our specialist mortgages team is best in class, adopting a pragmatic, holistic and personal approach to underwriting and this deal is no different. Moreover, it shows that we have the appetite, hunger and desire to successfully process and turnaround, in good time, large multi-million pound deals.

“We pride ourselves on strong relationships with our introducer partners and look forward to working with Landlord Mortgages again, helping their clients access the funding they need to grow their residential and commercial property portfolios.”

Lee Grandin, director of Landlord Mortgages, added: “As an experienced landlord, with a large property portfolio, my client has high expectations. I’m delighted to say that HTB worked hard to achieve the right outcome for my client and the Specialist Mortgages team all went above and beyond throughout the process.”

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

The West Brom promotes Gareth Madeley to chief customer officer

West Brom Building Society has appointed Gareth Madeley as its new chief customer officer,...

Industry leaders unite behind MIMHC Lunch

HSBC UK, Virgin Money, Nottingham Building Society, Landbay and top broker firms Mortgage Advice...

Santander raises foreign national mortgage lending to 90% LTV

Santander UK has expanded its foreign national mortgage policy by increasing the maximum loan-to-value...

Keystone passes £2bn in securitisation issuance with sixth Hops Hill deal

Keystone Property Finance has completed its sixth securitisation, taking total issuance under its Hops...

Fleet Mortgages expands buy-to-let range with new products and lower rates

Fleet Mortgages has introduced new buy-to-let products, reduced rates across its Standard, Limited Company...

Latest publication

Other news

The West Brom promotes Gareth Madeley to chief customer officer

West Brom Building Society has appointed Gareth Madeley as its new chief customer officer,...

Industry leaders unite behind MIMHC Lunch

HSBC UK, Virgin Money, Nottingham Building Society, Landbay and top broker firms Mortgage Advice...

Santander raises foreign national mortgage lending to 90% LTV

Santander UK has expanded its foreign national mortgage policy by increasing the maximum loan-to-value...