Hampshire Trust Bank to launch into bridging sector

By Bridging Loan Directory 11th March 2016

Hampshire Trust Bank, the specialist challenger bank, has announced it is launching into the bridging sector as it continues to strengthen its new Commercial Mortgages team.

Colin Stevens has been appointed as Head of Bridging while Iain McCarrell has joined as Senior Underwriter.

It follows the announcement earlier this year that Hampshire Trust Bank is expanding into the commercial mortgages and professional landlord sectors.

Colin Bell, Managing Director of Commercial Mortgages at Hampshire Trust Bank, said:

“Bridging loans form an important part of the mortgage funding market, providing a relatively speedy short-term solution to get people on the move. There is a growing demand for this type of funding and as a bank that is focused on supporting British businesses, we are committed to providing the flexible financing solutions our customers need to grow.

“The bridging, commercial and professional landlord’s mortgage sectors represent a wealth of opportunities for us. We are delighted to welcome Colin and Iain on board. They both have a great deal of experience in specialist lending and they are an important addition to our expanding specialist Commercial Mortgages team.”

Colin, who has more than 25 years’ experience in property lending, was self-employed before joining Hampshire Trust Bank, with previous positions including Director, Lending at Heritable Bank and Head of Mortgage Lending at Sun Bank.

Talking about why he decided to join Hampshire Trust Bank, Colin said:

“The chance to be involved in the start-up of a new business line within this growing and well-respected specialist challenger bank was just the opportunity I have been looking out for.”

Prior to joining Hampshire Trust Bank, Iain, who has 15 years’ underwriting experience, worked at Amicus. He previously held positions at companies including Platform, Preferred and Heritable Bank.

Iain said:

“I am delighted to join the team at Hampshire Trust Bank. There are a wealth of opportunities within the sector and I am hopeful that my desire to deliver superior customer service will make a positive impact to Hampshire Trust Bank, as well as our introducers.”