Paragon Bank’s Development Finance division has provided a £2.5 million finance package to support the development of 10 new build houses in Flore, Northamptonshire.

The funding package will result in two two-bedroom affordable homes, two three-bedroom affordable homes, a row of three three-bedroom properties, two four-bedroom detached houses and one five-bedroom detached houses.

The homes are being developed on the site of a former petrol station in the centre of the village.

Barry Howard Homes has been creating new and renovated homes in the East Midlands since the 1990s. With a commitment to quality and care, the company is today one of the region’s largest independent housebuilders.

The new development is situated at the heart of the historic Flore village in the Northamptonshire countryside and is ideally located for both Daventry and the M1.

Funding for the development was led on behalf of the bank by Relationship Director Adrian Reeves, with support from Portfolio Manager Jess Pilkington. 

Barry Howard, CEO of Barry Howard Homes said: “Paragon understood the passion we have for creating beautiful homes and is the ideal funding partner for our Flore development. This is set to provide the region with wonderful new properties.”

Adrian Reeves, Paragon Bank Development Finance Relationship Manager, said: “With work now underway, I have been pleased to follow the progress of Barry Howard Homes’ latest development and am delighted that Paragon is assisting the company in delivering new, affordable properties.”
 

For further information contact:

Tom Frew
Media Relations Manger
Paragon
E: [email protected]
www.paragonbank.co.uk 

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.