HTB completes £3.6m BTL/bridging finance package

Published on

Hampshire Trust Bank (HTB) has 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 buy-to-let remortgage of a seven-bed HMO.

By releasing equity from their wider investment portfolio, the client could repay the existing lender and continue with their refurbishment plans.

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 buy-to-let cases.

Lorenzo Satchell (pictured), sales director for bridging, Hampshire Trust Bank, said: ”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.”

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

Broker Conveyancing launches £175 remortgage package

Broker Conveyancing has introduced a fixed-price remortgage conveyancing package through its new online hub. The...

Buckinghamshire BS cuts residential and specialist rates

Buckinghamshire Building Society has reduced mortgage rates across its residential and specialist lending ranges,...

Final call for views on FCA mortgage reforms

The mortgage industry has until tomorrow to respond to Financial Conduct Authority proposals intended...

One in five borrow to fund private healthcare

Almost one in five people who recently accessed private healthcare used a credit card...

Digital mortgage ID checks unaffected by government U-turn

Digital identity verification used by mortgage lenders, brokers and other regulated firms is unaffected...

Latest publication

Other news

Broker Conveyancing launches £175 remortgage package

Broker Conveyancing has introduced a fixed-price remortgage conveyancing package through its new online hub. The...

Buckinghamshire BS cuts residential and specialist rates

Buckinghamshire Building Society has reduced mortgage rates across its residential and specialist lending ranges,...

Mortgage maturity: A golden opportunity for advisers

Around 1.8 million fixed-rate mortgage deals are due to come to an end in...