Hampden & Co sees lending jump to

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The private bank says its loans and advances lifted 14% to £434m due to demand for its residential, retirement, buy-to-let, guarantor, multi-property and self-build mortgages.

It adds that applications for these home loans was “most marked in London and the South East, accounting for around two-thirds of total lending in the first half, while lending in Scotland also remained strong”.

Lending for retirement mortgages jumped 80% in the period, while the bank’s self-build mortgage product, launched around a year ago, finished the period at £3.6m.

The bank’s portfolio lending service, which lets clients of wealth managers borrow against their investment portfolios, grew 40% to £35m. It adds that lending introduced by advisers and intermediaries including mortgage brokers, wealth managers, solicitors and other professionals grew 30% to around £100m.

The lender says that deposits in the period lifted 21% to £731m.

The business hired Hannah Berridge as head of professional partnerships in May, to build the bank’s relationships with professional service firms and intermediaries.

Hampden & Co chief executive Graeme Hartop says: “Our continued and consistent growth for the first half of 2022 is testament to our relationship-driven approach with clients and the professional advisers that serve them.

“With some private banks moving away from traditional service models, our results show that clients still want and value having access to a named banker and a tailored proposition.”