Formerly ‘Hampshire Trust Bank’, HTB is a UK-based specialist ‘challenger’ bank founded in 1977 and relaunched under new management in 2014. The bank markets itself as a combination of ‘new’ and ‘old’ banking and focuses its business in four strands: asset finance, commercial finance, property finance and savings accounts.
HTB Products and Services
HTB provides asset finance services to sectors including agriculture, manufacturing, construction and healthcare. Assets that can be financed with Hampshire include:
Material handling equipment
HTB’s business finance arm offers hire purchase and leasing options for businesses and individuals. It also offers automotive finance for private or business use (cars and light commercial vehicles only).
Hire purchase allows for businesses to spread the cost of an asset they might want to acquire, paying set instalments over a fixed term (plus interest) to make something more affordable. Leasing allows customers to pay a set fee over a period without taking ownership of it.
HTB also has a property finance division, which offers custom services to experience property developers, who can access between £1m and £15m (with some flexibility for the right project). The property finance team are all specialists in this field and can offer expert, responsive advice.
HTB’s personal savings accounts offer straightforward, competitive savings solutions for customers. Customers can also be sure that their money is used to boost small local businesses operating in the UK.
Business and charity savings accounts are available to small local authorities, credit unions, small financial institutions, clubs and some trusts. They are designed to provide a better rate of return than business current accounts.