Hampshire Trust Bank completes £22m Nottingham refinance
Hampshire Trust Bank has completed £22 million of lending across a mixed property portfolio in Nottingham, three weeks after issuing offers. The specialist bank structured two 10-year facilities to refinance existing borrowing and raise additional capital against a portfolio comprising purpose-built student accommodation, houses in multiple occupation (HMOs) and semi-commercial property.
The transaction formed part of a wider refinancing that involved a second specialist lender and represented a new client relationship for the bank. The deal was introduced by Graphene Funding directors Tom Bamber and Jack Poxon, with Arch Law acting on the legal side.
Expedited completion process
According to the bank, underwriting and valuation assessments were completed early in the process, with legal instructions issued ahead of schedule. The team visited the properties and met those responsible for running the portfolio to align all parties to a single completion timetable.
Wes Baker, regional account director at Hampshire Trust Bank, said: “Large portfolio transactions can involve a lot of moving parts, particularly when you have different property types and several parties all working towards the same completion. For us, the important thing is getting into the detail early and making sure the right people are involved from the start.”
Portfolio lending complexity
Andrea Glasgow, sales director for specialist mortgages at Hampshire Trust Bank, noted the growing complexity in the market for professional landlords with larger portfolios. “Refinancing is rarely just about replacing one facility with another. Borrowers are looking at how assets are structured, where they want to release capital and how their funding needs to support the next stage of the portfolio,” she said.
The transaction reflects broader trends in the specialist lending market, where commercial landlords face increasing compliance burdens from mixed-use portfolios. The deal also follows recent developments in specialist lending platforms designed to streamline complex property finance arrangements.
The three-week completion timeframe from offer to finalisation represents a relatively quick turnaround for a transaction of this scale involving multiple property types and parties.
