Specialist bank completes £9.8m portfolio refinance
Hampshire Trust Bank has completed a £9.8m portfolio refinance across 40 properties in the North West, replacing existing debt and releasing capital for the landlord to pursue further acquisitions.
The specialist bank provided two facilities of £7.7m and £2.1m across separate borrowing entities. The portfolio spans buy-to-let, semi-commercial and commercial assets, with the majority located in Bolton and Manchester, and additional properties in Northwich and Cheadle.
Multi-entity structure
The borrower, an existing customer of the bank, held 30 properties in one facility and a further 10 in the second. Due to the involvement of two borrowing entities and a mix of asset types, Hampshire Trust Bank assessed the facilities together rather than as standalone applications.
The transaction comes as UK mortgage lending faces headwinds, with specialist lenders playing an increasingly important role in serving professional landlords with complex portfolios.
Aimee Amphlett, regional account manager at Hampshire Trust Bank, said: “We had 40 properties across two borrowing entities and a mix of buy-to-let, semi-commercial and commercial assets. Getting involved early meant we could understand how the different elements fitted together and work through the structure with the broker before submission.”
The bank worked with introducing broker Eugen Grosz of Starglow from the outset to settle the proposed structure and assessment methodology for the wider portfolio. The underwriting team included Denis Arefyev as underwriter and Chelsea Flack as completions officer, with legal work handled by Arch Law and surveying by Grant Stanley Limited.
Refinancing trends
Andrea Glasgow, sales director for specialist mortgages and bridging finance at Hampshire Trust Bank, noted that for established landlords, refinancing serves purposes beyond replacing existing debt. “It is also an opportunity to review how their funding is structured and whether it supports their plans for further investment,” she said.
The transaction reflects broader trends in the buy-to-let sector, where landlords with diverse portfolios spanning residential and commercial assets require lenders capable of assessing complex structures. The approach contrasts with standard residential mortgage lending, where individual properties are typically evaluated in isolation.
The refinance enabled the landlord to extract capital for additional property acquisitions while consolidating existing debt across the 40-property portfolio. The deal represents the type of relationship-based lending that specialist banks are pursuing with professional landlords as the market evolves.
