HTB Specialist Mortgages completes complex £5.8m semi commercial loan
Hampshire Trust Bank (HTB) Specialist Mortgages division has completed a complex £5.8m semi commercial loan for a London based client. The facility, brokered by Kingswood Associates, was provided for a development that consists of 16 spacious luxury apartments and 3 vacant ground floor commercial units. The HTB team turned the proposal around swiftly, offering an attractive deal which allowed the client to maximise the borrowing.
After sourcing a surveyor that could present a valuation report to meet the tight deadline, HTB took a wholistic approach the transaction. The client’s additional investment properties, trading businesses and main residence were then reviewed to allow further equity to be released.
Alex Searle, pictured, Sales Director, Specialist Mortgages said:
“This transaction is typical of the competitive and dynamic approach HTB provides its brokers and their clients. This fantastic result is testament to our dedication to delivering flexible solutions and demonstrates our commitment to delivering excellence through specialism.”
Jason Caprioli, Lending Director at Kingswood Associates added:
“We really appreciate when a lender puts in the hard work to look at a deal from all angles. We are grateful to have such a fantastic and flexible team of experts in HTB.”