Close Brothers £6m loan to Lynton Homes for 36 new houses in Colchester
4 min read
Close Brothers Property Finance is providing a £6m loan to Essex based development company, Lynton Homes, to support the creation of 36 new houses in Boxted Cross, Colchester. The former farm site is being developed to provide family homes in the area which can be purchased via the Governments Help to Buy scheme.
Lynton Homes is an SME housebuilder that creates thoughtfully designed, good quality homes. It builds around 30 units per year and works in conjunction with related groundwork and utilities companies to give them a competitive edge in speed, access to expertise and ability to accurately forecast and deal with the unpredictability of house building.
Kathryn de la Garza, joint owner of Lynton Homes believes Colchester is “one of, if not the fastest growing town in the UK, with a lot of new housing in the town itself and the surrounding villages”. This sentiment is endorsed by recent research from Savills in Chelmsford which found that house prices in Colchester have risen by 31.8% in the past decade (38% in the East of England, which is the highest increase outside London).
To find out more read the full article on the Housing Essex website, link below.
“The drive and vision of the Lynton Homes management team has fuelled the growth of the schemes. Essex has long been a hot bed for national house builders, so it is great to see a privately owned SME developer also thriving in the county”.