United Trust Bank provides £7.6m for development near Milton Keynes

22 October 2020 | General

United Trust Bank (UTB) has funded a £7.6m development of new houses and bungalows close to Milton Keynes in Buckinghamshire.

The development, in the sought after village of Newton Longville, is being completed by James Taylor Homes in a joint venture with Housing Growth Partnership (HGP).

James Hutchinson, investment director of Housing Growth Partnership, said: “HGP is delighted to deepen its strategic partnership with James Taylor Homes by embarking upon our second project together.

“We are also pleased to start a new relationship with UTB who is similarly focused on helping SMEs deliver more family homes.

“Newton Longville is a great example of HGP’s ongoing commitment to helping our partners grow and we look forward to working with James Taylor Homes and UTB.”

This scheme in Newton Longville comprises seventeen 3 & 4 bedroom houses and bungalows on an attractive low density greenfield site.

The development is within easy reach of Milton Keynes with its excellent road and rail transport links and is designed to appeal to families and downsizers.

UTB is providing £4.6m towards the purchase and development of the scheme.

Emil Sohrab, managing director of James Taylor Group, said: “We are delighted to be embarking on a new relationship with UTB and enhancing our existing relationship with HGP.

“Our experience so far, from our initial approach to draw down, is that our proposal could not have been dealt with more professionally and efficiently.

“Phil has been great to work with and we look forward to another successful project and many more to come with both UTB & HGP.”

This post has originally been featured in Property Wire.