Hampshire Trust Bank

HTB's specialist mortgages division provides its largest ever loan

Hampshire Trust Bank’s (HTB) specialist mortgages division has provided a £15m facility to an experienced landlord with a large property portfolio.

The loan – which was brokered by Landlord Mortgages – will be used to finance 56 units across eight properties in east London: four residential purpose-built blocks and four semi-commercial buildings.

The loan was provided at 66% LTV.

The bank’s specialist mortgages division recently appointed Alex Searle (née Upton) and Charles McDowell (pictured above) as sales director and managing director respectively.

Commenting on the deal, Lee Grandin, director at Landlord Mortgages, said that as an experienced landlord with a large property portfolio, his client had high expectations.

“I’m delighted to say that HTB worked hard to achieve the right outcome for my client and the specialist mortgages team all went above and beyond throughout the process.”

Charles added: “Our specialist mortgages team is best in class, adopting a pragmatic, holistic and personal approach to underwriting and this deal is no different. 

“Moreover, it shows that we have the appetite, hunger and desire to successfully process and turnaround, in good time, large multi-million-pound deals.   

“We pride ourselves on strong relationships with our introducer partners and look forward to working with Landlord Mortgages again, helping their clients access the funding they need to grow their residential and commercial property portfolios.”

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