Hampshire Trust Bank has bolstered its specialist buy-to-let range – which includes limited company, multi-occupancy homes and semi-commercial options – by increasing its maximum loan size to £25m from £15m. million pounds.
The lender says its financing for LLCs includes commercial companies, special purpose vehicles and new special purpose vehicles, as well as loans to offshore entities, expatriates, foreign nationals and new homeowners.
It also offers loans on freehold multi-unit blocks, new build apartments and short-term rentals, covering DSS and incumbent tenants.
Louisa Sedgwick, chief executive of mortgage specialist Hampshire Trust Bank, said the move “illustrates our appetite for larger loans and reinforces our credentials as a serious player for property investors with larger portfolios.
She adds, “In our experience, writing specialist buy-to-let cases doesn’t need to be complex and so this enhancement, along with other changes we’ve planned, is aimed at removing barriers unnecessary and to make the complex as simple as possible. ”
Last week, the lender hired Malone Roberts as director of loans for the North West.
Malone, who is based in the firm’s specialty mortgage division, joins after spending three years at Shawbrook Bank. He reports to the company’s Head of New Business, Andrea Glasgow.
He is responsible for supporting the bank’s brokers in the North and Midlands, as well as structuring and packaging new applications.