Bridging
Connect and HTB complete £5.4m court conversion deal
Hampshire Trust Bank (HTB) Specialist Mortgages has completed a £5.4m loan for a property located in Camberley, Surrey.
The loan provided finance for a former magistrates’ court that had been converted into 30 apartments.
The property, situated in the town centre, is expected to be suitable for both investors and first-time buyers.
The facility was brokered by Connect IFA.
Adam Butler, lending manager at HTB, said: “All parties worked closely with the client to fully understand the deal and what they are looking for and I am chuffed that we could get this completed.”
Episode 6: What’s next for the industry? : Powered by Partnership podcast from Newcastle for Intermediaries
Sponsored by Newcastle for Intermediaries
Kevin Thomson, sales director at Connect, added: “This case typified the benefits of lender, network and broker working together for the same goal of satisfying the client’s requirements.”