Case study: HTB & The Buy-to-Let Broker complete complex £1.2m deal in 15 days

The two firms managed to get the deal over the line in record time, saving the client a 'substantial' six-figure sum in Stamp Duty Land Tax.

Related topics:  Finance,  Residential,  Case Study
Property | Reporter
21st June 2024
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"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"
- Andrea Glasgow - Hampshire Trust Bank

Hampshire Trust Bank partnered with The Buy to Let Broker to complete the purchase of nine leasehold flats. The £1.2m deal was finalised in just 15 working days and overcame significant obstacles including the presence of vulnerable tenants, two sets of ILAs, and one unit lacking an Energy Performance Certificate to achieve a successful outcome.

HTB’s expertise in unusual cases and proactive approach were called upon due to the complexities and because bridging finance was not a viable option for the client.

Wes Baker, Business Development Manager 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.”

Matt Hardman from the Buy to Let Broker said: "To say the HTB team is collaborative is an understatement. They 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."

Andrea Glasgow, Sales Director at HTB, 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."

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