Hampshire Trust Bank (HTB) has provided a £12.1m BTL loan for an eight-property portfolio in Islington, London.
The 65% LTV facility for the portfolio — consisting of a mixture of semi-commercial and MUFB properties — was brokered by Joe Aston at Aria Finance after contacting HTB’s business development manager, Mia House.
The loan was used to refinance and raise £4.7m in capital for future property investments and to conduct redecoration and refurbishment works to existing MUFBs.
There were several inter-company loans in play and properties needed transferring from one limited company to another upon completion.
Chris Daly, managing director of specialist mortgages at HTB (pictured above), said: “I am delighted that we have provided [this] loan to support a professional property investor.
“Our continued appetite to support larger loans underscores our commitment to support a broad range of clients in the residential and mixed-use property investment sector, and we are thrilled to have worked alongside Aria Finance to bring this transaction to a successful close.”
HTB increased its maximum loan size from £15m to £25m in August 2022.
