Chal­lenger bank opens re­gional HQ to ex­pand in the North.

Yorkshire Post - Business - - FRONT PAGE - Greg Wright DEPUTY BUSI­NESS ED­I­TOR @greg­wrightyp

HAMP­SHIRE Trust Bank’s (HTB) de­vel­op­ment fi­nance divi­sion has re­vealed that it is open­ing a new north­ern head­quar­ters in Leeds city cen­tre.

Since com­plet­ing its first loan in Septem­ber 2014, HTB’s de­vel­op­ment fi­nance divi­sion has con­tin­ued to grow in Lon­don and the South East.

The divi­sion has also been op­er­at­ing in the North for two years. In 2018 alone, the North­ern team sanc­tioned more than £127m in loans spread across 40 bor­row­ers.

A spokesman said: “The ad­di­tion of a per­ma­nent of­fice in Leeds will es­tab­lish the bank in that re­gion and help ce­ment these re­la­tion­ships.”

The North of Eng­land op­er­a­tions are led by Neil Leitch, a di­rec­tor in de­vel­op­ment fi­nance.

He is sup­ported by David White­house, the re­gional lend­ing man­ager for York­shire and The Hum­ber, and Paul Fel­lowes, the re­gional lend­ing man­ager for Manch­ester and The North West.

The new of­fice will aim to ex­pand HTB’s pres­ence across the North East, the North West, and York­shire.

David Al­cock, inset, man­ag­ing di­rec­tor (de­vel­op­ment fi­nance) at HTB, said: “We have wit­nessed huge growth in Lon­don and the South East and now feel it is the right time to ex­pand our on-the­ground op­er­a­tions in the North of Eng­land, a re­gion that has tra­di­tion­ally been un­der-banked in prop­erty de­vel­op­ment lend­ing.

“To­day’s an­nounce­ment is the cul­mi­na­tion of nearly two years’ plan­ning by the team and I have ev­ery con­fi­dence that we will repli­cate our suc­cess in this key re­gional hub.

“In Neil, we have an ex­pe­ri­enced prop­erty fi­nance pro­fes­sional who possesses a deep un­der­stand­ing of that re­gion. “The North of Eng­land has huge un­tapped po­ten­tial. Our deep un­der­stand­ing of the prop­erty fi­nance mar­ket, cou­pled with our new Leeds HQ, po­si­tions us well to be­come the go to lender for SME house builders through­out the re­gion.

“HTB’s DNA is ex­cel­lence through spe­cial­ism and in Neil, David, Paul and the rest of the de­vel­op­ment fi­nance divi­sion, we have the right in­gre­di­ents in place to of­fer clients an un­par­al­leled ser­vice.”

The Leeds of­fice is based at 6 East Pa­rade. Hamp­shire Trust Bank has ded­i­cated spe­cial­ist busi­ness fi­nance, de­vel­op­ment fi­nance and spe­cial­ist mort­gages di­vi­sions. It also pro­vide sav­ings ac­counts to in­di­vid­u­als and busi­nesses. A spokesman said: “Since we lend only to busi­nesses, our savers can be sure their money will be used to boost the British econ­omy.”

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