Hampshire Trust Bank supports £13.7m housing development in West Yorkshire
13 January 2026
Hampshire Trust Bank (HTB) has completed a £13.68m development facility to support the Phase 2 delivery of a residential scheme at Knowle Grange, Shepley, near Huddersfield, West Yorkshire.
The funding has been provided to Vivly Living, a Huddersfield-based housebuilder delivering energy-efficient homes across the region, to support the construction of 52 new build homes targeting local families and first-time buyers. All homes will be delivered on a freehold basis and are forecast to achieve EPC A ratings, reflecting growing demand for energy-efficient housing. The scheme benefits from full planning consent and will be delivered for private sale. The funding supports the second phase of a wider residential scheme, building on the successful delivery of 31 earlier homes on the site.
The facility follows a change in funding arrangements and required a funding structure and level of leverage that fell outside standard lending parameters. HTB was able to structure a solution aligned to the scheme’s delivery profile, taking a considered view on leverage and risk to provide the certainty and commercial confidence needed to move the project forward.
The transaction reflects HTB’s regional focus and understanding of local markets, alongside its ability to support experienced SME developers where funding requirements fall outside the appetite of mainstream lenders.
The transaction marks a new relationship between HTB and Vivly Living, while further strengthening HTB’s relationship with Ice Cubed Property Finance who introduced the case. The deal was led by Lending Director Harry Bhogal, with support from Josh Swaby, Business Development Manager for the North and Midlands, and Joseph Gibson, Relationship Manager.
Harry Bhogal, Lending Director at HTB, said:
“This was a strong Phase 2 scheme with clear fundamentals, but it required a lender willing to take a considered view on leverage and delivery. Our focus was on providing certainty and clarity from the outset, so the client could progress with confidence. It’s exactly the type of regional development we’re set up to support.”
George Butterfield, Director at Vivly Living, added:
“We are delighted to be working with HTB on this project. They took the time to understand the scheme and our objectives, plus they gave us confidence that they could deliver. Their clear communication and pragmatic approach allowed us to move forward in a speedy manner, knowing that the funding was properly aligned with the project. We are now on site and working towards our new Show Home launch in March, and bringing much needed A-rated energy efficient homes to the village of Shepley.”
Tom Frank, Managing Director of Ice Cubed Property Finance, said:
“This was a well-prepared Phase 2 development that required a lender able to look beyond standard lending parameters. HTB’s understanding of the local market, combined with their flexibility around structure and leverage, made them the right fit for the client and ensured the project could move forward with confidence.”
