Alex Upton

HTB provides £1.7m development exit loan for Dorset scheme

Hampshire Trust Bank (HTB) specialist mortgages has completed a complex £1.7m development exit loan for a PD scheme in Poole, Dorset.

The 12-month facility will be used to refinance the remaining seven flats of a 13-flat conversion of a PD scheme.

The deal was brokered by Bluechip Financial.

Alex Upton, commercial director of specialist mortgages at HTB (pictured above), said the scheme was “top quality from a top developer”.

“Combine this with the fantastic Bluechip Financial, add a sprinkle of HTB expertise and we have a great deal that gives the borrower better terms and flexibility to allow them to maximise their potential.”

Nick Roberts, director at Bluechip Financial, added: “HTB provided my clients with a pragmatic and solution-led decision quickly and efficiently, in somewhat complex circumstances. 

“I have dealt with my underwriting contacts at HTB for many years and their understanding of situations and ability to think laterally to create workable solutions is, and always has been, refreshing.”

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