The development includes four two-bedroom bungalows and larger family houses.

Potential delays were avoided by bringing in the borrower’s original solicitor, speeding up the completion.

The number of HMOs in the UK has dropped by 9.5% since 2018.

Hampshire Trust Bank (HTB) has announced that it has completed a £20m+ development finance facility to refinance a substantial strategic land portfolio on behalf of a UK-based...

The deal marks the bank’s first direct loan in the social housing space.

This latest deal follows the completion of an £8.25m loan facility against a former airport hotel property earlier this month.

The portfolio comprises a mix of 4 and 5-bed homes due for completion in June next year.

The loan was secured at 78% LTV on a 24-month term.

The first phase is set to deliver 134 apartments and 12 houses.

The deal completed at 70% loan-to-value with a 1.10% flat rate over 12 months.