Hampshire Trust Bank completes £3.1m complex loan within fortnight

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  • 19/09/2019
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Hampshire Trust Bank completes £3.1m complex loan within fortnight
Hampshire Trust Bank (HTB) specialist mortgages division has completed a complex loan of £3.06m comprising a remortgage and capital element.

 

The loan to a family-owned business included remortgaging a block of 20 flats and providing £1m to fund a new development.

The remortgaged block was considered well located, next to Ruislip underground stop in Hillingdon borough, north-west London, and contained a mix of studios, one- and two-bed flats.

HTB saw the bespoke deal through from enquiry to completion in two weeks.

Jason Capriole, lending director at the broker Kingswood Associates, said: “We needed to deliver an equity release quickly for the client. HTB’s dedicated team and streamlined approach to lending enabled us to perform a complex term debt transaction in bridging timescales, saving considerable time and money.”

Alex Searle (pictured), sales director, specialist mortgages at HTB , added: “We specialise in bespoke solutions. This transaction highlights our ability to provide dynamic, flexible service and our dedication to delivering excellence through specialism for our broker network.”

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