Hampshire Trust Bank’s (HTB) Specialist Mortgages division has completed a £1.7m complex loan for the purchase of a block of student flats.
The loan was for a Kenyan investor who resided between the UK and Kenya. They were introduced to the lender by Kenyan consultancy firm Waugh McDonald Wealth Management.
The property was a Grade 2 listed development with 10 flats and a total of 32 rooms in Newcastle, just outside of St James. The loan took six weeks to complete.
Alex Upton, sales director at Specialist Mortgages, said: “It is simple for a bank to market foreign national lending, but seamless and sustainable delivery is another matter especially against the tight timetable needed for this purchase.”
John Dixon, broker at Intelligent Commercial Finance, added: “Rarely have we seen such dedication, specialist know-how and efficiency from a commercial lending bank when challenged with what was a highly complex and technical case.
“The team at HTB tackled the difficult bits first, dealt with problems quickly, used efficient systems and processes and worked with professional cheerfulness throughout.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS