Scott Apps, head of distribution for development finance at HTB

HTB funds £3.2m eco-friendly rural development

HTB has completed a £3.195m finance facility to fund an eco-friendly development project in rural Oxfordshire.

The project will involve the demolition of existing farm buildings at Andersey Farm in Wantage, Oxfordshire — these will be replaced with five residential eco-buildings.

These buildings have high energy efficiency ratings and the developer has confirmed the project is progressing on time and on budget.

Such energy ratings for buildings in a rural setting is rare, according to Adam Stiles, mortgage broker at Helix Financial Partners, who introduced the deal.

“It’s really unusual to secure such high energy efficiency ratings on rural properties, but the developer was clear about what they wanted to achieve,” said Adam.
“HTB excels in delivering a personal service on development cases, getting to know the borrower and understand their plans, which is why they were the perfect funding partner on this project.”

Scott Apps, head of distribution for development finance at HTB (pictured above), said this project is part of the firm’s wider goal to improve the efficiency status of housing stock across the UK.

“We are proud to have built a broad team of regional lending directors, who are able to bring their own local knowledge and expertise to determining the viability of potential projects,” added Scott.

“That experience is also crucial when it comes to working with inexperienced developers, as was the case here — even if a developer doesn’t have an extensive portfolio, if they have a quality team around them then we will look for ways to support them.”

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