The challenger bank’s new offering includes bridging finance with rates from 0.6% a month and a loan-to-value (LTV) of up to 70% (net).

Last week, Bridging & Commercial revealed that Hampshire Trust had funded a £10.8m bridging loan for a development in central London.

The four new products, which also include buy-to-let and commercial, refurbishment and development exit finance, can be used for loans from £100,000 to over £5m.

Colin Bell, Managing Director of Commercial Mortgages at Hampshire Trust Bank said it was an exciting day for the challenger bank and the introducer market.

“It is a credit to the calibre of staff that work in the team that we have got here so quickly and now we need to demonstrate to our partners that we are here to deliver best in class service, balanced and tailored underwriting with some great products. 

“Our focus at Hampshire Trust Bank is on specialist lending, delivered with a great service proposition something our partners and their clients will benefit from.”

James Hardwick of Charleston Financial said the brand new commercial market offering was fantastic news for its introducers and for SMEs struggling to source finance.

“The team behind Hampshire trust have already demonstrated their ability to bring change and competition to the challenger arena. 

“I fully expect them to make a further impact with their new launch at Hampshire Trust - they are offering a broad suite of products from bridging finance through to full commercial term loans at competitive pricing and LTVs, coupled with a flexible approach to underwriting. 

“With an appetite and strong desire to lend, [it] will be a complement to the products that Charleston [is] currently able to offer [its] introducers.”

Brian Walters, Director at Newsource Commercial Finance, said he was looking forward to working with Hampshire Trust as one of its key intermediary partners.

“As experienced master brokers in the specialist lending market, we enjoy dealing with lenders who want to do deals, are both innovative and practical, and who deliver great products and service.

“I have no doubt whatsoever that Colin and his team will deliver that and more, and, at Newsource, we are very excited at the prospect of the forthcoming launch.”

Hampshire Trust also revealed that it had appointed ex-Interbay Commercial loan manager, Kim McGinley, as its Commercial Lending Manager. 

To find out more about Hampshire Trust’s commercial offering click here.