It sets the ratio of commercial to residential at 50:50
Following feedback from brokers, Hampshire Trust Bank (HTB) has enhanced its semi-commercial lending criteria.
The bank has revised the ratio of commercial to residential to 50:50 to match the requirements of brokers and open the door to more semi-commercial lending opportunities.
HTB deals with a wide variety of complex assets, including pubs, barbers, betting shops, and offices, among others. With the criteria change, the bank will be able to consider an increased number of properties with living accommodation above commercial premises.
HTB will lend up to £15 million and 75% net loan to value (LTV). There are no minimum income or maximum age requirements and HTB will lend to limited companies, expats, trusts, and offshore vehicles and foreign nationals.
“At Hampshire Trust Bank, we constantly listen to feedback from brokers and today’s change is the direct result of that,” Marcus Dussard, sales director at Hampshire Trust Bank, said. “The criteria change means we can lend on an increased number of properties and assets and highlights our appetite to lend in the semi-commercial space. We have a number of further enhancements to our offering lined up as we continue to meet the demands of brokers and their clients.”
