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Thursday, January 24, 2019

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Hampshire Trust Bank funds resi development in Norfolk

Tom Belger | 16:59 Wednesday 4th April 2018

Hampshire Trust Bank has provided a loan to Greengate Homes for the acquisition of a site and construction of four new homes in Norfolk.

The Home Farm development (pictured above) in Swanton Morely has a GDV of about £2m and comprises a three- and a four-bedroom bungalow along with a four- and a five-bedroom house.

Rob Webb, co-owner and finance director at Greengate Homes, said it was delighted to be working with the specialist bank.

“As a flourishing development company, the relationship we have with our bank is critical, helping to ensure we don't miss out on the right development opportunity.

“Having a bank on board that provides a hands-on and commercial approach allows us to concentrate on delivering our very exciting project, hassle free."

John O'Donnell, director of property finance at Hampshire Trust Bank, added: “Being locally based, the firm understands the local market and the type of homes that people are looking for in the area.

“We hope to support more developments across Norfolk and the wider East Anglia region.”

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