Hampshire Trust Bank business banking review
Hampshire Trust Bank (HTB) is a UK-based specialist bank offering business banking, property finance, and savings solutions. It primarily serves SMEs, property investors, and high-net-worth individuals, providing tailored financial services.
Key features of Hampshire Trust Bank
1. Business banking and commercial finance
- Commercial property loans: Funding for property investors and developers.
- Asset finance: Helps businesses acquire essential equipment and vehicles.
- Invoice finance: Unlocks working capital tied up in unpaid invoices.
- Specialist SME lending: Tailored funding options for growing businesses.
2. Property finance and bridging loans
- Buy-to-let mortgages: Competitive rates for landlords and portfolio investors.
- Development finance: Loans for residential and commercial property projects.
- Bridging finance: Short-term funding for property purchases and refurbishments.
- Specialist mortgage solutions: Designed for complex property investments.
3. Business and personal savings accounts
- Fixed-term savings: Competitive interest rates for long-term deposits.
- Notice accounts: Higher returns with withdrawal notice requirements.
- Instant access savings: Flexible accounts for quick access to funds.
- FSCS protection up to £85,000: Ensuring deposit security.
4. Digital banking and customer support
- Online account management: Secure digital platform for savings and finance.
- Dedicated relationship managers: Personalised service for business clients.
- Limited physical branch network: Primarily a digital and telephone-based bank.
Hampshire Trust Bank fees and pricing
1. Business and commercial finance fees
- Loan arrangement fees: Typically a percentage of the loan amount.
- Interest rates: Customised based on risk assessment and loan type.
- Early repayment fees: Apply to some fixed-term commercial loans.
2. Savings account fees
- No monthly maintenance fees.
- Early withdrawal penalties may apply on fixed-term savings accounts.
3. Property finance fees
- Valuation and legal fees: Required for property and bridging loans.
- Broker fees: Some loans require intermediary services.
Pros and cons of Hampshire Trust Bank
Pros
- Specialist lender for SMEs and property investors.
- Competitive fixed-term savings rates.
- FSCS protection for eligible deposits.
- Tailored commercial and asset finance solutions.
- Dedicated relationship management for business clients.
Cons
- No personal current accounts, only savings and business finance.
- Limited branch access, as banking is primarily digital.
- Strict lending criteria for property and business loans.
- Early repayment fees apply on some finance products.
How Hampshire Trust Bank compares to competitors
| Feature | Hampshire Trust Bank | Shawbrook Bank | Aldermore Bank | Cynergy Bank |
|---|---|---|---|---|
| Business banking | Yes | Yes | Yes | Yes |
| Property finance | Yes | Yes | Yes | Yes |
| Fixed-term savings | Yes | Yes | Yes | Yes |
| Instant access savings | Limited | Yes | Yes | Yes |
| FSCS protection | Yes (£85,000) | Yes (£85,000) | Yes (£85,000) | Yes (£85,000) |
| Ideal for | SMEs, property investors | SMEs, landlords | SMEs, savers | Business owners, HNWIs |
Who should use Hampshire Trust Bank?
- SMEs needing asset or invoice finance: Provides specialist lending for business growth.
- Property developers and landlords: Offers buy-to-let mortgages and development finance.
- Investors looking for high-interest savings: Competitive fixed-term and notice savings accounts.
- Businesses requiring dedicated financial support: Personalised relationship management services.
Our verdict
Hampshire Trust Bank is a specialist financial provider offering business banking, property finance, and savings solutions tailored for SMEs and property investors. Its competitive savings rates, specialist lending, and relationship-driven approach make it a strong choice for businesses and individuals needing tailored financial solutions.
However, its lack of personal current accounts and limited branch presence may not suit those looking for everyday banking services. For businesses and investors seeking specialist finance and high-yield savings, Hampshire Trust Bank presents a trusted and focused alternative to mainstream banks.