HTB’s Specialist Mortgages division has provided a £15m loan to an experienced landlord with a large property portfolio. Brokered by Landlord Mortgages, the facility, which has a LTV of 66%, will finance 56 units across 8 properties in East London. This will include 4 residential purpose built blocks and 4 semi-commercial buildings.
This deal comes off the back of a number of senior appointments. The Specialist Mortgages division has recently appointed both Alex Searle (née Upton) as Sales Director and Charles McDowell as Managing Director.
Lee Grandin, Director of Landlord Mortgages, commented: “As an experienced landlord, with a large property portfolio, my client has high expectations. I’m delighted to say that HTB worked hard to achieve the right outcome for my client and the Specialist Mortgages team all went above and beyond throughout the process.”
Commenting on today’s deal, Charles said: “Our Specialist Mortgages team is best in class, adopting a pragmatic, holistic and personal approach to underwriting and this deal is no different. Moreover, it shows that we have the appetite, hunger and desire to successfully process and turnaround, in good time, large multi-million pound deals. We pride ourselves on strong relationships with our introducer partners and look forward to working with Landlord Mortgages again, helping their clients access the funding they need to grow their residential and commercial property portfolios.”
HTB’s Specialist Mortgages division provides a range of specialist mortgage solutions including bridging, refurbishment, development exit finance, BTL and HMO and semi-commercial mortgages with loan amounts of up to £15m. For more information about Specialist Mortgages, please click here.