Hampshire Trust Bank has finalized a £9.8m refinancing arrangement covering 40 properties in the North West, substituting current debt and unlocking funds for the landlord to seek additional acquisitions.
The specialist lender extended two loan facilities totaling £9.8m, split into £7.7m and £2.1m across separate borrowing entities. The portfolio comprises buy-to-let, semi-commercial and commercial properties, primarily situated in Bolton and Manchester, with further holdings in Northwich and Cheadle.
The borrower, an established client of the bank, managed 30 properties under one facility and 10 under the second. Given the dual borrowing entities and varied asset mix, Hampshire Trust Bank evaluated both facilities as a unified package rather than individual applications.
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Regional account manager Aimee Amphlett explained: “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.”
The institution collaborated with introducing broker Eugen Grosz of Starglow from the beginning to finalize the proposed structure and assessment approach for the broader portfolio. The underwriting team comprised Denis Arefyev as underwriter and Chelsea Flack as completions officer, with legal services provided by Arch Law and surveying conducted by Grant Stanley Limited.
Sales director Andrea Glasgow for specialist mortgages and bridging finance at Hampshire Trust Bank emphasized that for seasoned landlords, refinancing offers benefits beyond simply replacing current debt. She stated, “It is also an opportunity to review how their funding is structured and whether it supports their plans for further investment.”