The specialist bank provided the BTL purchase loan in three days at an LTV of 70%.
The loan was brokered by Specialist Commercial Finance and Tony Sutton, managing director at the Berkhamsted-based broker, praised the staff at HTB for their efforts.
“The customer had a tight completion deadline after being let down at the last moment by another lender.
“This was a case where everyone – the client, introducer, packager, lender and solicitor – had to pull out all the stops and work together to ensure completion took place in the limited time available.
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“It is refreshing to see a lender and their solicitor work so hard to achieve the right customer outcome and the staff at Hampshire Trust Bank went above and beyond.”
Anna Lewis, head of sales for commercial mortgages at HTB (pictured above), said it was focused on meeting tight deadlines to ensure the end customer achieved their acquisition.
“The BTL sector moves quickly and it is vital that we have the right team internally and solicitors in place to complete deals in the time required.
“We are delighted that we managed to turn this around quickly and are looking forward to continuing our strong relationship with Specialist Commercial Finance, who worked hard to streamline this process.”
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