Hampshire Trust Bank’s Bridging Finance team has successfully delivered a £3.2m development exit loan to support a high-value residential scheme in York.

The portfolio included a mix of HMOs, purpose-built flats, converted units, and terraced houses.

The new development aims to bring much-needed homes to Sheffield while supporting the city’s wider regeneration.

The client, having reached borrowing limits with other providers, sought a funding partner that could structure a solution suited to their complex portfolio and governance...

The transaction was complex and involved a share purchase structure and bespoke financing requirements

Hampshire Trust Bank has successfully provided a bespoke refinancing facility of £11.5m for a property comprised of 55 luxury apartments.

The new product, designed to support larger, more complex projects, follows 'overwhelming demand' from brokers and their clients for flexible refurbishment funding solutions.

The bank provided a £16.3m residential development facility for the project, across a 15-month term.

Initially launched in April for loans from £100,000 to £1m, the lender has now raised the limit to £25m following feedback from brokers.

Despite strong sentiment among the vast majority of homeowners for the government to step up its efforts to address the housing crisis and reduce the cost of homeownership, less than...