Alex Searle

HTB completes £5.8m semi-commercial loan for 16 luxury apartments

Hampshire Trust Bank (HTB) specialist mortgages division has completed a £5.8m semi-commercial loan, which was brokered by Kingswood Associates.

The loan was provided for a development which comprises 16 luxury apartments as well as three vacant ground-floor commercial units.

HTB sourced a surveyor that could present a valuation report to meet a tight deadline and reviewed the client’s additional investment properties, trading businesses and main residence to allow further equity to be released.

“This transaction is typical of the competitive and dynamic approach HTB provides its brokers and their clients,” said Alex Searle, sales director of specialist mortgages at HTB (pictured above).

“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.”

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