HTB relaunches bridging proposition

Hampshire Trust Bank (HTB) has relaunched into the bridging market following the creation of its new bridging team.

The team will provide an overhauled product offering with the key features including loans of up to £25m; all refurbishment projects (from light to heavy); discounted purchase transactions; second charges accepted as additional security; and a loan term of up to 24 months; residential, commercial and mixed-use security; and a maximum LTV of up to 75% of market value.

Jamie Jolly, head of bridging at HTB, commented: “HTB has built a great reputation across specialist mortgages and development finance, but we’ve never quite cracked the bridging market. We have taken some time to think about what we need to do and how we need to do it. It is clear is that a bridging lender can’t be successful when done off the side of the desk. What we are now offering isn’t a bolt-on or ring-fenced part of an existing team - it is an experienced team solely focused on providing bridging solutions and service to the broker market.

“As a team we understand the need for simplicity and strong lines of communication. We put all deals in front of decision makers within hours of receiving the enquiry.

“We aim to marry competitive products & criteria with award-winning service and have a team littered with experience, knowledge and a firm grasp on the market to deliver this.”

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