The challenger bank partnered with Enterprise Finance who were acting on behalf of a London-based borrower who was looking to refinance their buy-to-let property to clear a bridging loan.

The £550,000 loan had an LTV of 50% and Harry Landy, Sales Director at Enterprise Finance, said it was delighted to be involved in the completion of Hampshire Trust’s first commercial mortgage.

“I have been very impressed with Hampshire Trust’s pragmatic approach to this transaction, also with the speed and simplicity of the application process. 

“The legal process has been handled very efficiently and it was refreshing to see such open dialogue between all sides, which has resulted in a very speedy turnaround. 

“It is great to have another competitive option for our clients and I am sure that this is the first of many mortgages we will be completing with the team at Hampshire Trust Bank.”

Hampshire Trust Bank also managed to complete its second commercial mortgage deal the day after its first and said it had many more applications in the pipeline.

“We have been working really hard at Hampshire Trust Bank to build the division and it is really exciting and rewarding to have our first completions,” Colin Bell, Managing Director of Commercial Mortgages at Hampshire Trust Bank, stated.

“Progressing an enquiry through to completion in six working days is a real credit to the teams at Enterprise and HTB – it demonstrates what working in partnership with the right people can achieve.”