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In a strategic move to bolster its position in the specialist property finance market, Hampshire Trust Bank (HTB) has unveiled significant enhancements to its heavy refurbishment bridging proposition. These updates are designed to provide brokers and property investors with greater flexibility and confidence when tackling complex and ambitious property projects.
At the heart of these updates is an increase in the maximum Day 1 loan-to-value (LTV) ratio, which has been elevated from 70% to 75%. This adjustment brings the heavy refurbishment product in line with HTB’s standard bridging range, aligning it more closely with market demands and competitor offerings. By increasing the LTV, HTB is offering borrowers more capital upfront, allowing them to undertake larger and more complex projects with greater ease.
Moreover, in cases where the loan-to-gross-development-value (LTGDV) does not exceed 65%, HTB will now fund refurbishment costs up to 100% of the property's Day 1 value. This enhancement is particularly significant for projects requiring substantial investment in renovations or conversions, such as permitted development and commercial-to-residential schemes.
Key Enhancements to HTB’s Heavy Refurbishment Offering:
HTB’s heavy refurbishment product is tailored to support complex property strategies that are increasingly popular among investors. Projects such as conversions, extensions, and substantial reconfigurations require not only significant capital but also a deep understanding of the refurbishment process. By offering flexible funding solutions, HTB is empowering brokers to structure ambitious projects with confidence, knowing they have the financial backing needed to see them through.
One of the most significant areas where HTB’s enhanced offering will have an impact is in permitted development and commercial-to-residential conversions. These projects, while lucrative, often require extensive planning, multiple permits, and substantial financial investment. By providing a flexible funding framework, HTB is helping to remove barriers that might otherwise deter investors from pursuing these opportunities.
Beyond conversions, HTB also supports heavy internal reconfigurations. These projects can transform underutilized spaces into highly valued properties, but they often demand significant financial resources and intricate planning. With the enhanced heavy refurbishment offering, investors can tackle these complex reconfigurations with greater confidence, knowing they have access to a structured and supportive funding solution.
The specialist lending market has welcomed HTB’s enhancements as a positive sign of its commitment to innovation and customer needs. According to industry leaders, the demand for flexible and adaptable financing solutions has never been higher, driven by investors who are increasingly seeking to maximize returns through creative property strategies.
As Alex Upton, Managing Director of Specialist Mortgages & Bridging at HTB, noted, “HTB’s strength in refurbishment lending lies in our ability to back the right deals with speed and certainty. We understand the complexities of these projects, and brokers trust us to deliver.” This trust, combined with HTB’s willingness to innovate, positions the bank as a key player in the specialist property finance sector.
Hampshire Trust Bank's decision to enhance its heavy refurbishment offerings reflects a broader trend in the property finance market—towards greater flexibility and support for complex projects. As investors continue to seek out opportunities in renovation and conversion projects, HTB is well-positioned to meet this demand with its updated product. By providing more comprehensive financing options, HTB is not only boosting its own market position but also contributing to the resilience and innovation of the specialist lending sector as a whole.
For brokers and investors, these enhancements mean more than just access to capital; they represent a commitment to understanding and supporting the complex needs of modern property projects. Whether it's a commercial-to-residential conversion or a substantial internal reconfiguration, HTB's enhanced heavy refurbishment offering is poised to empower ambitious property strategies across England and Wales.
As the property finance landscape continues to evolve, HTB is at the forefront, offering innovative solutions that address the needs of today's investors while positioning itself for future growth in an increasingly competitive market.
