"“We’ve deliberately built this product to support complex property strategies, from permitted development and commercial-to-residential conversions to heavy internal reconfiguration"
- Andrea Glasgow - Hampshire Trust Bank
Hampshire Trust Bank has announced that it has introduced key improvements to its heavy refurbishment bridging proposition, including an increase in the maximum Day 1 loan-to-value from 70% to 75%, bringing heavy refurbishment in line with HTB’s standard bridging range.
In addition, for cases where the loan-to-gross-development-value is 65% or below, HTB can now fund refurbishment costs up to 100% of the property’s Day 1 value. These updates give brokers more flexibility to structure ambitious projects, particularly where clients are converting, extending, or repositioning property, and do so with confidence in the numbers.
The product continues to offer staged drawdowns in arrears, milestone verification by an Asset Manager, and no exit fees. Brokers benefit from direct access to underwriters and a lending model focused on speed, clarity, and specialist support throughout the deal.
“Brokers are telling us they need more flexible funding options, especially when their clients are taking on more ambitious refurbishment projects," explained Andrea Glasgow (pictured), Sales Director, Specialist Mortgages & Bridging at HTB, "These updates give them exactly that without losing the control and structure HTB is known for,"
She adds, “We’ve deliberately built this product to support complex property strategies, from permitted development and commercial-to-residential conversions to heavy internal reconfiguration. It’s a product that gives brokers options and gives their clients the confidence to push ahead.”
Alex Upton, Managing Director, Specialist Mortgages & Bridging, added: “HTB’s strength in refurbishment lending lies in our ability to back the right deals with speed and certainty. We understand the complexities of these projects, we know how to structure the right solution, and brokers trust us to deliver.
"These enhancements reflect our confidence in the product and our belief in the specialist lending market. As refurbishment continues to play a key role in investors’ long-term strategies, particularly as projects become more complex and varied, we remain focused on supporting brokers with consistent decision-making and solutions that go beyond the basics.”
