Hillingdon residential development receives funding from OakNorth Bank

OakNorth Bank has provided a £1.4M loan to SC Property for its latest residential development project in Eastcote, part of the London Borough of Hillingdon.

The three-storey development will consist of six individual units, close to Eastcote station.

SC Property has delivered 41 homes in various locations across the UK and has a further 19 homes due for completion in the next year.

Priya Chauhan, Director of Debt Finance at OakNorth Bank, said: “With recent figures showing the supply of new housing is currently lower than the Government’s ambition of 300,000 new homes per year, we’re doing everything we can to support SME housebuilders to ensure they get access to the debt finance they need to continue bringing new homes to market.”