United Trust Bank agree to fund £7.2m redevelopment project by Hawkfield Homes

By Bridging Loan Directory 15th June 2020

United Trust Bank (UTB) has agreed to fund Hawkfield Homes’ latest project providing 22 new homes in the charming Gloucestershire town of Wotton-under-edge. It is the first time UTB has funded a Hawkfield Homes development.

Hawkfield Homes has been developing and building new homes in and around Bristol and the South-West for 12 years. Founders, Lucy Page and James Kilmartin, began developing in 2008 and have successfully completed almost 40 schemes since. They employ their own construction team and have established strong relationships with many Bristol based suppliers, consultants and property professionals. Hawkfield Homes now complete around 4-5 developments each year providing the area with much needed, high quality homes for families and first-time-buyers and regular employment for local construction workers.

As a forward-looking house builder, Hawkfield Homes selects projects and builds ‘future proof’ home designs supporting flexible lifestyles and working from home. Developments benefit from good transport connections and its homes are wired to support giga-fast broadband connectivity and provide additional appliance sockets. The larger homes are typically designed to include an office or study.

The redevelopment will see Hawkfield Homes demolish the existing buildings at Dryleaze Court and construct 10 four bedroom semi-detached and 12 two bedroom semi-detached and terraced contemporary homes. The new homes should be eligible for ‘Help to Buy’ assistance with the first units available to purchase from summer 2021.

James Kilmartin, Director, Hawkfield Homes, commented:

“Hawkfield Homes has grown substantially in the last ten years and we are aiming for the next 10 to be equally exciting. As such, finding dependable lending partners is an important part of our plans.

I enjoy working with people who share my enthusiasm for building great homes and I got on well with Jonathan Nail from the start. We both appreciate straight talking and that’s especially important when things don’t go to plan. Although the Covid-19 pandemic took us all by surprise, Jonathan and the UTB team have been accessible and supportive throughout. It’s been an unusual start to a new relationship but between us we’ve been able to overcome the challenges.”

Jonathan Nail, Director – Property Development, United Trust Bank commented:

“Hawkfield Homes is one of the South West’s SME success stories. By building well designed schemes in sought after locations, James Kilmartin and his team have established a great reputation for providing homes people want to buy and enjoy living in.

United Trust Bank is keen to support growing regional house builders and I’m delighted to be working with James and Hawkfield Homes as they bring much needed quality new homes to the Bristol area. Although 2020 has presented more challenges than any of us had bargained for, I’m confident that this will be the first of many successful Hawkfield Homes developments supported by UTB.”