Hampshire Trust plc the private bank based in Fareham has introduced new open-ended residential bridging loan product. The Bank's Associate Director for New Business, Steven Dixon says: "Hampshire Trust have recognised the need for a bridging product that combines competitive pricing with a simple and straightforward application procedure and swift progress to completion, but which can also be used in open ended bridging situations. In response we have designed a completely new facility with extremely competitive terms, coupled with a fast track application and administration procedure to ensure that the whole process is as efficient and painless as possible for our customers and their professional advisors."

Key features of the facility are the highly competitive interest rate, no minimum term, no redemption fee, no up-front fees, minimal valuation and legal fees, 100% of purchase price is available (subject to maximum overall loan to value of 70%), and the fast track application and processing procedure, - the whole process form initial enquiry to completion can take as little as five working days.

For more information regarding this exciting new product, or to discuss an application, telephone Trevor Jones at Hampshire Trust on 01329 234294. Alternatively, visit the bank's website at www.hampshire-trust.co.uk/resbridging.

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