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Anvil Homes secures £4.2m Paragon funding package for Cumbrian development

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Anvil Homes has secured a £4.2 million funding package from Paragon Development Finance to support its nine-home new build development in Hayton, Cumbria.

Fairfields at Hayton is a collection of nine individual designed homes. Each comes with four bedrooms, Mowlem & Co hand-built kitchens and luxury Villeroy & Boch bathrooms.

Anvil Homes is a family business established in 1994 that specialises in high end properties across Northern England. The company focuses on rural living and using traditional materials to produce individual homes.

This is the first development Anvil has completed with Paragon. The deal was led on behalf of the bank by Relationship Director Mick Howard with support from Portfolio Manager Shannon Altimas.

Hayton is a picturesque village eight miles from Carlisle. It benefits from a highly rated primary school, popular local pub, and nearby farm shop with tea rooms and a swimming pool.

Cumbria is home to part of the historic Hadrian’s Wall, the most important monument built by the Romans in Britain. Banks Turret can be found in nearby Brampton and Birdoswald Roman Fort is just a few miles away.

Alistair Carr, Director at Anvil Homes, said: “This is a beautiful development in a lovely part of the country. The residents will benefit not just from the village and rural location, but also the close proximity to Carlisle and good transport links.

“Paragon was extremely easy to deal with. They understood our requirements and the process was smooth and simple. We’re looking forward to completing this development and welcoming the first owners into their new homes.”

Mick Howard added: “Anvil is a company that prides itself on quality, delivering high end, intelligently designed homes that are loved by their owners. The development has been designed to be sympathetic to the local area and it will achieve exactly that, complementing the existing properties in Hayton.”

For further information contact:

Michael Clarke
Head of Media Relations
Tel: 07740090746


Notes to editors:

Paragon provides competitive property development finance up to the value of £35 million across England and Wales.

Paragon Bank Development Finance Limited is a member of the Paragon Banking Group which is a FTSE 250 group based in Solihull in the West Midlands. Established in 1985, Paragon Banking Group has over £13 billion of loan assets under management and manages over 450,000 customer accounts.

Paragon Development Finance Limited. Registered in England number 03901943. Registered office 51 Homer Road, Solihull, West Midlands, B91 3QJ.

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551