Funding for property development

We’re partnering with development finance initiative, Nexa Finance, to help create more new homes in our heartland and across the UK. 

We want to join forces with ambitious property developers to fast-track the construction of new build residential properties. 

We’re asking our intermediary partners to connect us with any SME developers in their network with opportunities to build or refurbish residential homes or convert commercial buildings into residences. 

Our dedicated Business Development Manager at Nexa Finance, James Evans, will then work with them to apply for funding and will liaise directly with our underwriting team to approve the loan. 

“It’s brilliant to be partnering with Furness to help support house building. I’m working closely with the mortgage and branch teams to help a raft of developers match potential opportunities with appropriate lending deals. We’ve created a simple, jargon-free process which is led by me, facilitating a streamlined approach that works for everyone.” 

James Evans, Business Development Manager at Nexa Finance

The Horizon Middleton Towers project

Located in Morecambe, Horizon Middleton Towers is our most recent Nexa project and is seeing us partner with Concorde Homes, a family-run developer established in 2010. 

Our funding is unlocking phase one of the development, a gated community of 23 semi-detached and detached properties on the very edge of Morecambe Bay. 

Construction is underway with two of the high-quality, energy-efficient homes reserved off-plan, having been brought to the market by local estate agent, Farrell Hayworth.

“We’re incredibly grateful to Furness Building Society and the partnership with Nexa Finance for unlocking the funding we needed to begin building. It’s exactly what small but tenacious developers like us need to mobilise our developments and provide much-needed homes for local people.” 

Nick Bailey, Director at Horizon Middleton Towers for Concorde Homes

Find out more

Our Partnership Development Manager, Lisa Archer, is on hand to answer any of your queries or provide you with more information.

Email: Lisa.Archer@furness-bs.co.uk

Get in touch