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

Average cost of moving hits £13,018

The average cost of moving home has reached £13,018 for those buying and selling...

Equity Release Supermarket calls for greater collaboration

The Equity Release Supermarket (ERS), part of the Equity Release Group (ERG), has called...

Redwood Bank launches valuation fee cashback offer

The new valuation cashback offer gives landlords 100% of their valuation fee back on...

Build, baby, build? Well we will need to fund more than the usual suspects

There was a noticeable sense of optimism at UKREiiF this year. That may sound...

Later life lending group launches

Sovereign Life Group has been formed to bring together established specialist businesses from across...

Latest publication

Other news

Average cost of moving hits £13,018

The average cost of moving home has reached £13,018 for those buying and selling...

Equity Release Supermarket calls for greater collaboration

The Equity Release Supermarket (ERS), part of the Equity Release Group (ERG), has called...

Redwood Bank launches valuation fee cashback offer

The new valuation cashback offer gives landlords 100% of their valuation fee back on...