Featured, Mortgage Guide
Client: An existing client, who is a professional portfolio landlord, approached us with a refinance required on numerous properties. Director Julian Ingall and Specialist Broker Matt Karagul worked together on this complex case, deciding that breaking the properties down into three groups, and structuring three separate finance facilities was the best route for the client.
Requirement: The properties held a total value of £15m, and the client required a loan £11m including almost £1m capital raising for further investment purposes. Julian and Matt approached Hampshire Trust Bank who were keen to get the ball rolling and find a way to facilitate these loans. However, issues arose when the rental affordability didn’t fit their standard stress test, which meant they had to use the client’s other incomes to boost this, as well as bespoke the product to allow for further borrowing. On top of this, we were asking HTB to reach 74% Loan to Value on high-value assets which has proven difficult with the majority of lenders over the last few years due to market conditions.
Facility: Hampshire Trust worked through all of the potential bumps in the road on this enquiry and thanks to the evidence provided by the client, and Julian and Matt’s understanding of the project being relayed to the bank readily, the deal was something the bank felt extremely comfortable with and were happy to press on. They then pulled out all the stops and thanks to great communication and an extremely efficient solicitor process via Glovers, which only took four and a half weeks post-offer, Hampshire Trust were able to complete the deal within a matter of just a few months from start to finish – an incredible testament to the relationships held by the bank, their solicitors and ourselves!
We know that all our clients are unique, and therefore the finance you require needs a different approach. We pride ourselves on providing a client focussed journey built around your needs and goals.
Our team always expresses their professionalism through their authenticity, high level of work ethic, and can-do attitude. We always find the best way for our clients to succeed.
Our progressive and forward-thinking outlook allows us to guarantee an exceptional level of innovative advice and service, ensuring an effortless, client-centric journey in the ever-changing financial world.
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