Hampshire Trust Bank (HTB) recently worked with the Buy to Let Broker to complete the purchase of nine leasehold flats in record time, saving the client a six-figure sum in Stamp Duty Land Tax (SDLT).
The £1.2m deal was finalised in 15 working days, overcoming significant obstacles to achieve a successful outcome.
Bridging finance was not a viable option for the client, needing a lender with the capabilities to handle a complex transaction to secure the deal. Challenges included the presence of vulnerable tenants, two sets of ILAs, and one unit lacking an Energy Performance Certificate (EPC).
Wes Baker, business development manager at HTB, said: “HTB are geared-up to handle complex and specialist cases. This challenging case is a great example of how strong relationships and expert knowledge, combined with great communication and old-school underwriting expertise in the specialist sector, deliver great results.”
Matt Hardman from the Buy to Let Broker, said: “To say the HTB team is collaborative is an understatement. They worked hard to find solutions to potential hurdles and challenging structures, which is rare in the specialist lending space.
“At every stage of the transaction, the team couldn’t have done more to ensure the deal met the extremely tight timeframe, supporting our new client with a six-figure SDLT saving. It has been a pleasure to see both our teams work in such a dedicated and collaborative way on this incredible completion.”
Andrea Glasgow (pictured), sales director at HTB, added: “We’re proud of our reputation for taking on and successfully delivering complex and unusual cases. This is an excellent example of where the combined expertise of our team—lender, broker, solicitor, and surveyor—working on a challenging case delivers outstanding results.
“This successful completion underscores HTB’s ability to manage intricate transactions efficiently and our commitment to providing top-tier service and solutions.”