Hampshire Trust Bank PLC provide a wide range of services to consumers, including high-value property development finance for residential and commercial use.
Hampshire Trust Bank is a long-standing lender with a forward-looking mentality, and they combine traditional lending values with the flexibility and agility of a modern approach. A key part of their lending product lineup is their bridging finance and property development loans, which they provide to clients based not on a check-box criteria, but on an individually-assessed appraisal of a customer’s strengths.
Lending in the short-term finance sector demands the exceptional attention to detail that enables lenders to develop bespoke financial solutions for each and every client. Hampshire Trust Bank fulfil this need by dedicating highly-trained staff with a wealth of experience to handling each client, ensuring that customers always receive the very best treatment.
The products on offer from Hampshire Trust Bank are also highly adaptable, and suit a wide variety of different applications. As a provider of both residential and commercial loans, Hampshire Trust Bank are also well-placed to offer clients expert advice when it comes to designing the perfect financial solution, and are able to create a loan structure that suits their client’s business objectives. For developers, investors and private individuals, Hampshire Trust Bank PLC offers loans to meet every need, and have the professional attitude and experience to back it up.
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A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Commercial bridging loans are, as their name implies, bridging loans that are secured against commercial property.
There are many ways in which businesses can use a commercial bridging loan. Common uses are to cover short-term cashflow issues or to finance tax liabilities. More positively they can be used as working capital and by new businesses as a cashflow injection to acquire additional stock or even to acquire new equipment or premises for the business. Beyond these examples there are a huge variety of ways in which commercial bridging loans can be used.
To qualify for a commercial bridging loan the overall use of the property being used as collateral will need to be at least 40% commercial. For example, if the property is a rental unit with a flat above the commercial part of the property would have to represent more than 40% of the total property. Furthermore, most lenders would also insist on a separate entrance to the flat.