News

Boost for SME developers as United Trust Bank (UTB) and Homes England launch £250m Housing Accelerator Fund

Long-standing Goodman Derrick client United Trust Bank have announced a new five-year lending alliance with Homes England to provide development finance to SME builders at up to 70% Loan to Gross Development Value.

The Housing Accelerator Fund will provide construction loans between £1m and £10m.

Goodman Derrick’s UTB Client Partner, Chris Langan, commented:

“This innovative alliance provides a welcome boost for the SME property development sector in these challenging times. SMEs provide an absolutely vital contribution to the UK’s housing needs, providing much-needed housing on sites that don’t make sense for the bigger players and this expansion of funding can only boost the sector. We congratulate everyone involved in creating and launching the Fund.”

For further information

Chris Langan
Partner, Goodman Derrick
E: clangan@gdlaw.co.uk
T: +44 (0)20 7421 7964

United Trust Bank’s press release:

https://www.utbank.co.uk/news/homes-england-and-united-trust-bank-launch-250m-housing-accelerator-fund/

Goodman Derrick – Property Development Specialists

  • Goodman Derrick are one of a small number of firms retained on the legal panel for United Trust Bank’s award winning specialist development finance team.
  • Our team provide property developers, funders and landowners with commercially driven advice that delivers complex client projects.
  • Leadership is provided by two specialist property development partners, Dominic Whelan and Chris Langan, who use their experience to bring together multi-disciplinary professional teams to help clients achieve their goals.
  • The team is made up of real estate lawyers at all levels, real estate disputes lawyers, construction law advisers, and corporate lawyers with knowledge of structuring property companies.

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