Hampshire Trust Bank (HTB) has completed a £9.8m portfolio refinance across 40 properties in the North West, replacing existing debt and releasing capital for further acquisitions.
The specialist bank provided two facilities of £7.7m and £2.1m across separate borrowing entities. The portfolio spans buy-to-let, semi-commercial and commercial assets, most of them in Bolton and Manchester, with further properties in Northwich and Cheadle.
The borrower, an existing HTB customer, had 30 properties in one facility and a further 10 in the second.
Because the portfolio refinance involved two borrowing entities and a mix of assets, HTB considered the facilities together rather than as standalone applications. It worked with the broker before submission to settle the proposed structure and how it would assess the wider portfolio.
Aimee Amphlett worked with the introducing broker, Eugen Grosz of Starglow, from the outset of the portfolio refinance. The wider team on the case was:
- Denis Arefyev, underwriter, and Chelsea Flack, completions officer, who supported the case through underwriting and completion
- Arch Law, which handled the legal work
- Grant Stanley Limited, which acted as surveyor
“With a portfolio like this, looking at each property or facility in isolation only tells you part of the story,” said Aimee Amphlett, regional account manager at Hampshire Trust Bank (pictured).
“We had 40 properties across two borrowing entities and a mix of buy-to-let, semi-commercial and commercial assets. Getting involved early meant we could understand how the different elements fitted together and work through the structure with the broker before submission.
“That is where a specialist approach matters. It is about understanding what the customer is trying to achieve and being able to structure the lending around the portfolio in front of you.
“This was a significant refinance and capital raise for an existing customer. By working through the structure early and keeping close to the broker throughout, we were able to deliver the funding needed to support their next acquisitions.”
“For established landlords, refinancing is not simply about replacing existing debt,” noted Andrea Glasgow, sales director, specialist mortgages & bridging finance at Hampshire Trust Bank.
“It is also an opportunity to review how their funding is structured and whether it supports their plans for further investment. Where landlords hold different property types across multiple borrowing entities, it is important to have a lender that understands the wider property business and how the financing fits with their longer-term objectives.”
“This is a good example of how specialist lending can support that next stage of growth. We have helped an existing customer refinance a substantial portfolio while releasing additional capital for further acquisitions, with the facilities structured around the wider portfolio.
"That is the kind of long-term relationship we want to build with professional landlords. We want to understand their plans, engage early and provide the specialist funding they need as their businesses develop.”
If you’re exploring bridging or development finance, get in touch and we can connect you with the right lender.
