Hampshire Trust Bank’s (HTB) development finance division has set a new completions record in June, marking the most successful month in the department’s history.

The achievement comes after the lender reached a credit approvals record in April, with the division currently on track to double its credit approvals record compared with 2022.

The completed facilities ranged from £500,000 to £25m, including residential and mixed-use developments, purpose-built student accommodation, land purchases and developer exit loans, secured against an array of assets including land, existing commercial and mixed-use buildings and portfolios.

Managing director for development finance at HTB, Neil Leitch, said: “We are really proud of this milestone which could not have been achieved without the team's exceptional commitment and dedication. This is just the beginning - there is much more to come and we go into the second half of 2024 with confidence, determined to maintain and build on this momentum.”

Deputy managing director for development finance at HTB, Uliana Kuzmis, added: "June was a true buzz month. At some point, we had deals completing every day and on occasions, multiple completions in a single day. Yet, our underwriting and quality assurance teams delivered every completion on time like clockwork.”

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