HTB bolsters development finance division

03 February 2022

Hampshire Trust Bank (HTB) has invested in its development finance proposition by almost doubling the team size to deliver greater levels of support for property developers and the intermediary market.

The ambitious plans have been overseen by Alex Upton who is the newly appointed managing director of the development finance division. Prior to her appointment, Alex was instrumental in the successful growth of HTB’s Specialist Mortgages division.

HTB has invested heavily in its development finance team and has steadily doubled its resources over the past six months. This has allowed the specialist lender to assemble a strong sales team and extensive support network for brokers and property developers whilst maintaining access to its flexible range of end-to-end property financing solutions.

New additions include new lending directors to originate and manage facilities; eight new relationship managers to assist the lending directors in providing top quality service to brokers and borrowers; and two new BDMs to work closely with intermediary partners in supporting them and their clients.

Alex Upton, Managing Director, Development Finance at Hampshire Trust Bank, commented.

“Here at HTB, we have always provided an exceptional proposition and service to developers. This won’t change. However, we recognise increased demand from brokers for a development finance partner who can support them throughout the process from initial enquiry to completion and beyond. This is why we have aligned the business to actively recognise the value that intermediaries bring to the market.

“I’m looking forward to being able to offer full and seamless support to our borrowers and our broker partners from initial land purchase, through development and into either development exit or term investment.

“I’m proud to be leading such an energised, enthused and highly capable team of experts. The market is buoyant and I’ve got a spring in my step for 2022.”