Hampshire Trust Bank provides £12.1m specialist buy-to-let loan


Chris Daly

The specialist mortgage division at Hampshire Trust Bank (HTB) has completed another large loan as it seeks to support the lending needs of larger and more complex property investors as well as buy-to-let landlords.

In this instance, the bank provided a £12.1 million loan facility for an eight-property portfolio in Islington, London N1.

The client was seeking to refinance and raise £4.7m in capital for future property investments, in addition to light redecorating and refurbishment works to existing Multi-Unit Freehold Blocks (MUFBs).

The broker, Joe Aston of Aria Finance, contacted Mia House, business development manager at HTB as they knew the Bank’s flexible and extensive criteria would accommodate for professional portfolio landlords, and the complexity of this deal.

There were several inter-company loans in play and the properties needed transferring from one limited company to another upon completion.

The portfolio consisted of a mixture of semi-commercial and MUFB properties, including flats above a retail unit.

The total amount lent was £12.1m at 65% loan to value (LTV).

HTB increased its maximum loan amount to £25m from £15m in August 2022, highlighting its appetite for larger loan sizes and reinforcing its credentials as a serious player for property investors with larger portfolios.

Joe Aston, Sales and Commercial Director, Aria Finance, commented: 

“Aria Finance and HTB have worked together for many years on complex, specialist transactions such as this one, and I’m delighted with the service received from all within the bank in getting this deal across the line.

Working in partnership with senior figures within the bank and within Aria Finance, we were able to mitigate various perceived risks and use a ‘common sense’ approach in taking this transaction through to completion.

A real win for all parties, not least the portfolio landlord. This difficult case was yet another example of HTB supporting Aria and the wider specialist intermediary market with great success.”

Chris Daly, managing director – specialist mortgages, Hampshire Trust Bank, added:

“I am delighted that we have provided a £12.1m loan to support a professional property investor in partnership with Aria Finance.

Our continued appetite to support larger loans underscores our commitment to support an increasingly broad range of clients in the residential and mixed-use property investment sector, and we are thrilled to have worked alongside Aria Finance to bring this transaction to a successful close.

We believe that our flexibility, property expertise, and collaborative approach with our introducer partners sets us apart in the market, and we look forward to the opportunity to support more investors in achieving their goals.”