Complex Buy To Let
HTB completes complex £1.5m deal in two days
Hampshire Trust Bank (HTB) has completed a complex £1.5m loan from offer to drawdown in two working days.
The facility, which was brokered by Finance 4 Business, was arranged on behalf of an expat client and involved a foreign national-owned security.
HTB said the quick turnaround meant that the client was able to avoid a £21,000 default fee on their outgoing bridge.
The specialist lender has recently launched a campaign to highlight its willingness to lend to borrowers who it claims are less well served by the market currently, such as trusts, expats and foreign nationals.
Russell Martin (pictured), managing director of Finance 4 Business, said that with complex cases like this it is important to identify which lenders can give a quick ‘yes’ and then work around the nuances of the borrower’s requirements.
Alex Searle, specialist mortgages sales director at HTB, added: “The continued growth of our specialist mortgages business demonstrates our commitment to providing tailored and flexible solutions for our brokers and client and forms part of our wider strategy to deliver excellence through specialism in our chosen markets.”
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