Hampshire Trust Bank’s (HTB) market leading Development Finance division today announces the opening of its new Northern HQ, based in Leeds city centre.
Since completing its first loan in September 2014, HTB’s Development Finance division has built a strong presence and reputation in London, the South East and adjoining regions. The division has also been operating in the North for nearly two years, developing strong borrower relationships. In 2018 alone, the Northern team sanctioned over £127m in loans spread across 40 borrowers.
The addition of a permanent office in Leeds will further establish the bank in that region and help cement these relationships. North of England operations are led by Neil Leitch, a Director in Development Finance. He is currently supported by David Whitehouse, Regional Lending Manager (Yorkshire and The Humber) and Paul Fellowes, Regional Lending Manager (Manchester and The North West). The new office will be focused on expanding HTB’s presence in that region, including the North East, the North West, Yorkshire and Humber.
David Alcock, Managing Director (Development Finance) at HTB, said: “We have witnessed huge growth in London and the South East and now feel it is the right time to expand our on the ground operations in the North of England, a region that has traditionally been under-banked in property development lending. Today’s announcement is the culmination of nearly two years planning by the team and I have every confidence that we will replicate our success in this key regional hub. In Neil, we have an experienced property finance professional who possesses a deep understanding of that region.
“The North of England has huge untapped potential. Our deep understanding of the property finance market, coupled with our new Leeds HQ, positions us well to become the go to lender for SME housebuilders throughout the region. HTB’s DNA is excellence through specialism and in Neil, David, Paul and the rest of the Development Finance division, we have the right ingredients in place to offer clients an unparalleled service.”
HTB’s Development Finance division offers creative and customised financing solutions to experienced property professionals across the UK, all centred on a traditional relationship-based approach to banking. Typical finance facilities range between £1m and £15m. For more information about the Development Finance division, please click here.