Hampshire Trust Bank (HTB) has completed a £3.6m finance package following an introduction from Callum Taylor of Portway Finance.
The package included a £900,000 residential refurbishment bridge and a £2.7m buy-to-let (BTL) remortgage of a seven-bed house in multiple occupation (HMO).
As the refurbishment project was experiencing planning delays, the client released equity from their wider investment portfolio to repay the existing lender and continue with refurbishment plans.
Lorenzo Satchell (pictured), sales director for bridging at Hampshire Trust Bank, said: ”Callum’s experience of working with HTB meant that he presented these cases perfectly, which enabled us to make a quick decision on how we could support his client.
“Forming these types of close relationships has been vital in our growth within the specialist lending space and, once a broker has worked with us, our intermediary partners fully appreciate how accommodating we can be from a product, criteria, and service perspective.
“The complexity involved in this transaction highlights how our borrowers and introducers can benefit from the different specialist lending divisions we have across the Bank, and how these can provide the perfect platform to generate and deliver multi-faceted solutions in a responsible and appropriate manner.”
