Hampshire Trust Bank (HTB) and The Buy to Let Broker have completed a £1.2m deal for a landlord looking to purchase nine leasehold flats.
The borrower required the funds urgently to acquire the properties, to expand their BTL portfolio.
Despite the transaction involving numerous challenges — including the presence of vulnerable tenants, two sets of ILAs, and one unit lacking an EPC — the lender and broker were able to complete the deal in 15 days.
HTB agreed the £1.2m, five-year fixed-rate loan at 75% LTV.
Wes Baker, BDM at HTB, commented: "HTB are geared-up to handle complex and specialist cases.
“This challenging case is a great example of how strong relationships and expert knowledge, combined with great communication and old-school underwriting expertise in the specialist sector, deliver great results.”
Andrea Glasgow, sales director at HTB (pictured above), added: "We’re proud of our reputation for taking on and successfully delivering complex and unusual cases.
“This is an excellent example of where the combined expertise of our team — lender, broker, solicitor, and surveyor — working on a challenging case delivers outstanding results.
“This successful completion underscores HTB's ability to manage intricate transactions efficiently and our commitment to providing top-tier service and solutions."
Matt Hardman, director at the Buy to Let Broker, stated: "To say the HTB team is collaborative is an understatement — the bank worked hard to find solutions to potential hurdles and challenging structures, which is rare in the specialist lending space.
“At every stage of the transaction, the team couldn’t have done more to ensure the deal met the extremely tight timeframe, supporting our new client with a six-figure SDLT saving.
“It has been a pleasure to see both our teams work in such a dedicated and collaborative way on this incredible completion."
