In This Article
Who is Hampshire Trust Bank?
Hampshire Trust Bank is a specialist challenger bank that focuses on financing commercial customers.
The bank has focused on Asset Finance, Property Finance and Commercial Mortgages while offering competitive Savings accounts to businesses and individuals. It entered the bridging more recently.
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What mortgages does Hampshire Trust Bank specialise in?
As a specialist lender with the strength of a bank, Hampshire Trust can offer bespoke and complex specialist mortgage solutions that others may struggle with.
They aim to offer a nimble and straightforward approach to lending. This means they try to decide on your application and provide a bespoke solution within days.
Provide a one-stop-shop for their customers with products such as:
- Commercial Mortgages
- HMO Mortgages
- Buy To Let Mortgages
- Bridging & Auction Finance
- Secured Loans
Hampshire Trust Bank offer a range of customised and creative loans to experienced property professionals across England and Wales on facilities ranging from £1m to £15m with fixed rates for 2 or 5 years.
They offer an innovative product range with potentially up to 75% Net LTV lending, meaning that arrangement fees can be added on top of the loan.
There is no maximum age for applicants and no minimum income requirements.
They can consider lending to limited companies, ex-pats, trusts, offshore entities, and foreign nationals.
HTB can lend on large and small portfolios, holiday lets, HMOs, semi-commercial properties, development exits, properties with sitting tenants, and new build flats.
Hampshire Trust Bank interest rate
Hampshire Trust Bank could be an option for you if you’re looking for a mortgage and don’t fit the criteria of the traditional high street banks.
However, it’s important to compare interest rates, fees and the quality of the lender’s service before deciding, as Hampshire Trust Bank’s mortgage products generally have higher pricing.
Your credit score will also impact the interest rate and fees of your product. Be sure to review the loan’s terms and conditions carefully before deciding.
Can I remortgage with Hampshire Trust Bank?
You will need to speak to Hampshire Trust Bank if you are already a customer. They may be able to offer you a rate switch.
As Hampshire Trust Bank offers mortgages to more commercially minded customers with a focus on buy to let, commercial and development, you should investigate if you can remortgage to a more competitive rate with another lender.
An independent mortgage advisor can advise you on all products available in the market and find the best option for you, which may not be staying with your current lender.
How long does it take to get an offer with Hampshire Trust Bank?
The average time from application to offer for Hampshire Trust Bank is around two weeks, though this may be extended for more complicated deals, such as commercial or development finance.
Hampshire Trust Bank has declined me via a broker; what do I do now?
If you’ve been declined a mortgage from Hampshire Trust Bank, a mortgage advisor could help you find a lender willing to give you a mortgage.
Although Hampshire Trust Bank can consider a wide range of applicants, other lenders could still help you.
A mortgage advisor may be able to help you find the right lender, regardless of your financial situation. If you want more details about your credit history, you can go to Check My File to sign up for a free trial.
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Conclusion
Hampshire Trust Bank (HTB) is a specialist challenger bank focusing on financing commercial customers.
As a specialist lender with the strength of a bank, HTB can offer bespoke and complex specialist mortgage solutions that others may struggle with.
They offer an innovative product range and can consider lending to limited companies, ex-pats, trusts, offshore entities, and foreign nationals.
The bank can consider lending on large and small portfolios, holiday lets, HMOs, semi-commercial properties, development exits, properties with sitting tenants, and new build flats.
The average time from application to offer for Hampshire Trust Bank is around two weeks. However, this may be extended for more complicated deals, such as commercial or development finance.
Hampshire Trust Bank could be an option for you if you’re looking for a mortgage and don’t fit the criteria of traditional high street banks. However, an independent mortgage advisor can advise you on all products available in the market and find the best option for you. If you’ve been declined a mortgage from Hampshire Trust Bank, a mortgage advisor could still help you.
Should you want to speak to a mortgage advisor, please complete the contact form below, and I NEED ADVICE will match you with a mortgage advisor who can review the whole market.
They are experienced, which can boost your chances of being approved.
