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Finance For Housebuilders – high on agenda

A feature in Housebuilding Magazine focuses on development finance and how it has become the
major contributory factor accounting for the declining role of smaller housebuilders in contributing
to the overall proportion of new build. Residential development finance for SME housebuilders who,
as we know, need to move fast when an opportunity arises, can be hard to secure.

Angus Whimster, Wolsey’s South East regional managing director comments on this “tougher”
market: “lending from mainstream institutions is generally more cautious and we have seen certain
specialist lenders slightly reign in their appetite.” Not Wolsey - with its twenty plus years experience
in financing housebuiders, Wolsey is actively lending to schemes with a gdv of £1million up to
£10million.

September, 2017