HTB funds portfolio expansion with £6m facility

Published on

Hampshire Trust Bank (HTB) has provided funding to the tune of £6 million to support the expansion of a professional landlord’s HMO portfolio.

The property investment firm, which has a structured growth strategy, required a lender that could accommodate both its immediate investment needs and long-term expansion plans, with ambitions to secure up to £25 million in financing.

Having reached borrowing limits with other providers, the landlord sought a funding partner capable of structuring a solution suited to its complex portfolio and governance requirements. Bircroft Private Ltd acted as the broker on the deal, working with HTB to develop a funding arrangement that offered both flexibility and the potential for future growth.

A key challenge in the deal was the client’s shareholding structure, which required a legal framework that maintained decision-making control with the principal shareholder while meeting the lender’s security requirements. HTB collaborated with Arch Law to establish a structure that ensured shareholder approvals were in place while maintaining the business’s operational integrity.

To ensure a smooth approval process, the broker and client engaged early with HTB’s underwriting team, allowing for a detailed review of the business strategy and financial position.

Joseph Lethbridge (pictured), business development manager at HTB, said: “This wasn’t just about financing a deal – it was about structuring a solution that aligned with the client’s long-term ambitions. Early engagement allowed us to work through complexities upfront and put a facility in place that supports their continued portfolio growth.”

The two loans were structured with a 10-year term, with a tailored rate designed to support the client’s investment objectives. With funding now secured, further transactions totalling £3m are already in discussion.

Tom Robinson, director at Bircroft Private Ltd, added: “We worked closely with HTB to ensure the right funding structure was in place for our client. Their ability to take a strategic view and work through the complexities of the deal made a real difference. The process was efficient, and we look forward to working with them on further transactions.”

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

Financial services firms sign skills pact ahead of Chancellor’s Mansion House speech

More than 20 financial services organisations have signed a new agreement with government aimed...

Brilliant Solutions partners with Box Socials

Brilliant Solutions has partnered with Box Socials to give its members discounted access to...

Mortgage rates fall at fastest pace in almost two years

Fixed mortgage rates have recorded their biggest monthly reductions for almost two years, as...

Solo first-time buyers face almost a decade of saving before they can buy

Solo first-time buyers face saving for almost a decade before they can afford to...

Redwood Bank strengthens underwriting team with senior appointment

Redwood Bank has appointed Omkar Hushing as senior underwriting manager as it continues to...

Latest publication

Other news

Q&A: Claire Cherrington, PMS and Bankhall

Mortgage Soup fires the questions at Claire Cherrington, director of PMS and Bankhall. Mortgage Soup...

Financial services firms sign skills pact ahead of Chancellor’s Mansion House speech

More than 20 financial services organisations have signed a new agreement with government aimed...

How brokers can secure better client outcomes in a volatile market

Experience has always counted in the mortgage market. Brokers who worked through the financial...