HTB delivers £4m semi-commercial facility for London landlord

• We’ve delivered a £4m facility to refinance two semi-commercial properties in Whitechapel.
• The deal released equity for portfolio growth and converted bridging finance into a 10-year term.
• Shows how we back landlords with flexible, pragmatic solutions.

The landlord originally used bridging finance to buy the assets before improving planning and strengthening the rental profile.

We stepped in to refinance the bridge and release equity based on the new market value, giving the landlord the ability to pay off old debt and fund further portfolio growth.

The case was introduced by Vishal Verma from Key Capital.

We combined two buildings, each with a lock-up shop and nine flats above, into a single 10-year, interest-only facility at 77% gross loan-to-value (LTV).

Joseph Lethbridge, Business Development Manager (BDM), and Kris Siva, Underwriter, supported the deal from start to finish, working with the broker to create a straightforward structure.

Completion required releasing a debenture from another lender, which we resolved quickly.

Verma said:

Many lenders were not prepared to look past the original purchase price, but HTB recognised the genuine uplift and took a pragmatic view.
Their collaborative approach not only refinanced the bridge but released capital for further investment, giving my client confidence to keep expanding.
It shows the benefit of a specialist lender that understands how landlords operate in today’s market.

Lethbridge said:

This case had a number of moving parts, from recognising the uplifted value to resolving the additional security requirements, but by working directly with Vishal and with Kris as underwriter we were able to get the structure right quickly.
It shows the benefit of HTB’s flexible approach to criteria, where we look at the client’s business model and apply our expertise to achieve the right outcome for both broker and borrower.

Andrea Glasgow, Sales Director, Specialist Mortgages & Bridging Finance at HTB, said:

Brokers often bring us clients who have added value to assets but find that many lenders will not recognise it. This case shows how we can step in, work with brokers to reflect the true position and help clients move from bridging into long-term funding. That is where we make the difference, giving brokers confidence that HTB will back them on complex cases and support their clients’ future growth.