Weston Homes has renegotiated terms with HSBC, Lloyds Banking Group and Bank of Ireland and now has a 拢200m facility running to 2020.
Chairman Bob Weston said: 鈥淏etween them the three banks have committed 拢160m of funding to Weston Homes, with a 拢40m accordion in place, increasing our facility to 拢200m. This investment provides substantial funds for further site acquisitions and new developments.鈥�
He added: 鈥淎s we evolve as a volume housebuilder our strategy is to focus on outer London and the Home Counties and avoid overpriced sites in the heart of London. There remains a huge demand and undersupply of value-for-money starter and family homes across southern England and so this is where we focus our product and sales.鈥�
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