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

Beverley enhances SIPP income assessment

Beverley Building Society has introduced a tiered approach to assessing income from self-invested personal...

Commonhold and RTM: do not mistake control for simplicity

Commonhold is presented as a fairer form of flat ownership. Right to Manage (RTM)...

Conveyancing costs hold at 0.53% of house prices

Conveyancing costs remained unchanged as a proportion of UK house prices during the year...

No holidays: advice firms need a plan for a busy August

Every summer, the same quiet risk runs through the intermediary market. Advisers, case managers...

OPDA welcomes Rayner’s return to housing brief

The Open Property Data Association has welcomed Angela Rayner’s return as housing secretary and...

Latest publication

Other news

Beverley enhances SIPP income assessment

Beverley Building Society has introduced a tiered approach to assessing income from self-invested personal...

Commonhold and RTM: do not mistake control for simplicity

Commonhold is presented as a fairer form of flat ownership. Right to Manage (RTM)...

Conveyancing costs hold at 0.53% of house prices

Conveyancing costs remained unchanged as a proportion of UK house prices during the year...