Hampshire Trust Bank’s (HTB) specialist mortgages division has provided a £15m loan to a landlord with a large property portfolio.
Brokered by Landlord Mortgages, the facility, which has a LTV of 66%, will finance 56 units across eight properties in East London. This will include four residential purpose built blocks and four semi-commercial buildings.
Charles McDowell, HTB’s managing director of specialist mortgages, said: “Our specialist mortgages team is best in class, adopting a pragmatic, holistic and personal approach to underwriting and this deal is no different. Moreover, it shows that we have the appetite, hunger and desire to successfully process and turnaround, in good time, large multi-million pound deals.
“We pride ourselves on strong relationships with our introducer partners and look forward to working with Landlord Mortgages again, helping their clients access the funding they need to grow their residential and commercial property portfolios.”
Lee Grandin, director of Landlord Mortgages, added: “As an experienced landlord, with a large property portfolio, my client has high expectations. I’m delighted to say that HTB worked hard to achieve the right outcome for my client and the Specialist Mortgages team all went above and beyond throughout the process.”