UTB to fund £7.2m redevelopment project by Hawkfield Homes

16 June 2020 | General

United Trust Bank is funding a Hawkfield Homes project to provide 22 homes in the Gloucestershire town of Wotton-under-edge.

The redevelopment will see Hawkfield Homes demolish the existing buildings at Dryleaze Court and construct 10 four bedroom semi-detached and 12 two bedroom semi-detached and terraced contemporary homes.

The new homes should be eligible for ‘Help to Buy’ assistance with the first units available to purchase from summer 2021.

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

Hawkfield Homes has been developing and building new homes in and around Bristol and the South-West for 12 years.

The firm typically completed four to five developments per year.

Jonathan Nail, director of property development at United Trust Bank, said: “Hawkfield Homes is one of the South West’s SME success stories. By building well designed schemes in sought after locations, James Kilmartin and his team have established a great reputation for providing homes people want to buy and enjoy living in.

“United Trust Bank is keen to support growing regional house builders and I’m delighted to be working with James and Hawkfield Homes as they bring much needed quality new homes to the Bristol area.

“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.”

This post has originally been featured in Property Wire.