This facility will finance the development of 12 homes in Blagdon, Upper Langford, near Bristol.

These seven five-bedroom and five four-bedroom homes will all be built to zero carbon specifications.

As well as being designed with EC charging, mechanical ventilation and triple glazing, locally sourced materials - including FSC-certified timber frames - will be used in their construction.

These properties will also be eligible for the ‘zero bills’ tariff created by Octopus Energy.

This is the third Octopus-accredited ‘zero bills’ site delivered by Verto and funded by Octopus Real Estate.

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“It is the responsibility of the property finance sector to support developers as they work to deliver homes that reach the highest green standards possible,” said Jenna Hollins, investment manager at Octopus Real Estate.

“We only support the development of quality, sustainable homes that are fit for the future, so we’re delighted to work with the Verto team again.

“They are innovative, passionate housebuilders whose ethos very much aligns with our own.”

Tom Carr, co-founder at Verto Homes, added: “We’re thrilled to be working with Octopus Real Estate again on another pioneering ‘zero bills’ development.

“This partnership underscores the shared commitment we have to delivering homes that aren’t just energy-efficient, but genuinely sustainable.”