United Trust Bank

UTB to fund £7.2m 22-home project

United Trust Bank (UTB) has agreed to fund the £7.2m development of 22 new homes in market town Wotton-under-Edge, Gloucestershire.

It is the first time the specialist bank has financed a Hawkfield Homes scheme, which will see the developer demolish the existing buildings at Dryleaze Court.

It will construct 10 four-bedroom semi-detached, and 12 two-bedroom semi-detached and terraced homes, with the first units set to be available to purchase from summer 2021. 

“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,” commented Jonathan Nail, director of property development at United Trust Bank.

Hawkfield Homes employs its own construction team and completes around four to five developments each year, providing areas with homes for families and first-time buyers and regular employment for local construction workers. 

It builds “future-proof” designs, supporting flexible lifestyles and working from home. 

“Hawkfield Homes has grown substantially in the last 10 years and we are aiming for the next 10 to be equally exciting,” said James Kilmartin, director at Hawkfield Homes.

“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.”

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