The 65% LTGDV facility was provided to B-Property over a term of 18 months.

The development saw the demolition of a single house to construct five new properties and  comprises two semi-detached and two detached houses in a private close, each with their own parking space.

This collaboration marks the second scheme between B-Property and Shawbrook, following the completion of a previous project.

The project is forecasted to be completed and repaid by September 2024, four months earlier than planned — the developers have already sold out three units mid-build, on their way to replicating their past success alongside Shawbrook.

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Sarah Austin, director of B-property, commented: “We are delighted to have secured funding from Shawbrook for our latest residential project.

“Their continued support and bespoke funding facility has allowed us to progress the project smoothly and we’re excited to see the development completed this year, contributing to the development of much-needed housing in the area.”

Mark Hedley, relationship director at Shawbrook, commented: "We are thrilled to continue our partnership with B-Property on this exciting new development.

“We look forward to continuing our collaboration and supporting its future projects from blueprint to reality.”