HTB strengthens heavy-duty renovation propositions with enhanced flexibility – Mortgage Strategy
Hampshire Trust Bank (HTB) has improved its major renovation bridge proposal.
Effective immediately, these changes include a maximum day of loan value (LTV) increase from 70% to 75%, which brings a lot of renovations to the standard bridge range of HTB.
Additionally, for cases where the loan-to-note development value (LTGDV) is 65% or less, HTB can now fund 100% of the renovation fee for the property’s first day. These updates give brokers more flexibility to build ambitious projects, especially when clients convert, expand or reposition attributes, and have confidence in numbers.
The product continues to provide arrears, asset managers’ milestone verification, with no exit fees. Brokers benefit from direct access to underwriters and the entire transaction focusing on speed, clarity, and expert-supported loan models.
HTB Sales Director Expert Mortgage and Bridge Andrea Glasgow commented: “Brandmen tell us that they need more flexible funding options, especially when their clients accept more ambitious renovation projects. These updates allow them to accurately allow them to lose control and structure HTB.
She added: “We deliberately built the product to support complex property strategies, from allowed development and commercial transitions to heavy-duty internal reconfiguration. It is a product for brokers and gives their clients the confidence to move forward.”
