The products are available through Hampshire Trust Bank’s group of master brokers, including; buy-to-let (BTL) & commercial with annual margins from 3.45% for BTL and 5.1% for Commercial and a loan-to-value (LTV) up to 75% (net); bridging finance, with rates from 0.6% a month and LTV up to 70% (net); refurbishment finance, with rates from 0.6% a month and LTV up to 70% (net); and development exit finance, with rates from 0.7% a month and LTV up to 70% (net).
Hampshire Trust Bank’s Commercial Mortgages team provides structured specialist lending with tailored solutions for SMEs, trading businesses and investors, offering bridging and term finance secured against buy-to-let, semi-commercial and commercial property.
Colin Bell, Managing Director of Commercial Mortgages at Hampshire Trust Bank, said:
“This is an exciting day for the team at Hampshire Trust Bank and the Introducer market.
“It is a credit to the calibre of staff that work in the team that we have got here so quickly and now we need to demonstrate to our partners that we are here to deliver best in class service, balanced and tailored underwriting with some great products. Our focus at Hampshire Trust Bank is on specialist lending, delivered with a great service proposition something our partners and their clients will benefit from.”
Brian Walters, Director, Newsource Commercial Finance, said:
“As experienced Master Brokers in the specialist lending market we enjoy dealing with lenders who want to do deals, are both innovative and practical and who deliver great products and service.
“I have no doubt whatsoever that Colin and his team will deliver that and more and at Newsource we are very excited at the prospect of the forthcoming launch. We look forward to working with Hampshire Trust Bank as one of its key intermediary partners and knowing the quality of the team Colin has put together I believe that the launch will be a great success.”
Hampshire Trust Bank is continuing to grow its Commercial Mortgages team. The latest addition to the team is Kim McGinley, who has been appointed as Commercial Lending Manager. Prior to joining Hampshire Trust Bank, Kim, with more than 14 years’ experience in the mortgage sector, was Loan Manager at InterBay Commercial.
