Hampshire Trust relaunches bridging proposition

The new team is led by Jamie Jolly, who has recently joined the bank as director of bridging with over 20 years of experience in the market. He was most recently managing director of bridging lender SoMo, was part of the team that built and launched Revverbank and was previously head of commercial at Together for 15 years. He is supported by specific BDMs, underwriters, valuers, solicitors, and portfolio teams.

The product offering has also been overhauled, with loans available up to £25m for residential, commercial and mixed-use at a maximum LTV of 75%.

HTB will consider all refurbishment projects (from light to heavy), with loan terms up to 24 months and second charges accepted as additional security.

Jamie Jolly, head of bridging at Hampshire Trust Bank, commented: “HTB has built a great reputation across specialist mortgages and development finance, but we’ve never quite cracked the bridging market. We have taken some time to think about what we need to do and how we need to do it. It is clear is that a bridging lender can’t be successful when done off the side of the desk. What we are now offering isn’t a bolt-on or ring-fenced part of an existing team - it is an experienced team solely focused on providing bridging solutions and service to the broker market.

“As a team we understand the need for simplicity and strong lines of communication. We put all deals in front of decision makers within hours of receiving the enquiry.

“We aim to marry competitive products and criteria with award-winning service and have a team littered with experience, knowledge and a firm grasp on the market to deliver this.”