David Alcock

HTB raises LTGDV to 65% for development finance



Hampshire Trust Bank’s (HTB) development finance team has today (29th July) announced an increase in its LTGDV to 65% for loans up to £6m.

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The move aims to assist smaller, experienced developers that will benefit from additional leverage and support from a bank lender.

David Alcock, managing director of development finance at HTB (pictured above), said: “We recognise the day-to-day issues smaller builders face in securing viable sites and navigating a challenging planning system.  

“There are many pressures associated with being a small housebuilder right now, so we are trying to help where we can.
 
“While we do lend up to £15m, we’ve taken the decision to provide extra leverage on loans up to £6m by increasing LTGDV up to 65% in this space.



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