Hampshire Trust Bank
Mortgage TypeBridging Lenders
Property Value (min)£133,333 - minimum loan has to be £100,000
£2,500,000 per property
Term (Max)12 months - any longer is an exception
Minimum Age21 years
Maximum AgeNo maximum
Family Cash Gift DepositYes, considered
Family Gift of Equity DepositYes, considered
Income (min)No minimum income required, but exit must be feasible.
RestrictionsExtent of works: The works should not exceed more than £350,000.
Refurbishment – Suitable uses
Decoration, light central heating and electrical work, internal re-configuration of non-load bearing nature, replacement windows/doors/flooring, full rewiring, installation of new bathrooms/kitchens
Refurbishment – Unsuitable uses
No works requiring planning permission, building regulations or re-configuration of load-bearing walls
Short Term Lending
Secured against residential security where there is no element of refurbishment or construction.
Secured against recently completed and compliant residential security where the construction phase has completed – pending a sale.