HTB completes complex £3m loan in two weeks

Hampshire Trust Bank's (HTB) specialist mortgages division has completed a £3.06m facility which included a remortgage and a development loan.

The complex funding package consisted of a remortgage on a block of 20 flats, as well as a £1m capital raise to fund another development.

HTB took the deal from enquiry to completion within two weeks.

Jason Caprioli, lending director at Kingswood Associates, said: “Kingswood needed to deliver an equity release quickly for the client.

“HTB’s dedicated team and streamlined approach to lending allowed us to perform a complex term debt transaction in bridging timescales.

“This allowed the client to focus on their core business and saved them considerable time and money.”

The property contained a range of flat sizes, from studios to two-bed flats, and was located close to Ruislip tube station.

Alex Searle, sales director of specialist mortgages at HTB (pictured above), added: “HTB specialises in delivering bespoke solutions to best suit customer requirements.

“But what truly sets us apart is our expertise in dealing with complex lending, which allows us to service our customers throughout their lifecycle, from enquiry to completion.

“This transaction highlights our ability to provide a dynamic and flexible service and is another great example of our dedication to delivering excellence through specialism for our broker network.”

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