Hampshire Trust Bank funds £2.4m Mitcham mixed-use development

24 April 2026

Hampshire Trust Bank (HTB), in a transaction introduced by P10 Financial Group, has provided a £2.4m development finance facility to support the delivery of a mixed-use scheme in Mitcham, South West London, comprising eight residential units and two commercial units.

The development will contribute to the regeneration of a high street site, delivering new homes for first-time buyers, young professionals and investors alongside modern commercial space.

Located in an established South London suburb, the project reflects continued demand for well-located residential units supported by local regeneration activity.

The scheme brings forward new residential and commercial space, supporting the ongoing revitalisation of the local high street.

The transaction was introduced by Jack Grey, Associate Relationship Manager at P10 Financial Group.

The facility required a structured approach to accommodate a planning gain delay and support the borrower as the project evolved, including early-stage challenges around contractor engagement.

HTB worked closely with the broker and client throughout, adapting the structure as required to reflect the evolving nature of the project and its specific delivery challenges, ensuring the development remained aligned to the borrower’s plans and could continue to progress despite delays.

The transaction marks a new relationship between HTB and the borrower, while building on an established relationship with P10 Financial Group.

The deal was led by Sarah Dix, Lending Director at HTB, with support from Athens Piponides, Scott Apps and Gemma Pyhpers.

Sarah Dix, Lending Director at Hampshire Trust Bank, said:

“This was a transaction that required a flexible approach to both structure and delivery. The project evolved as it progressed, and it was important that the funding reflected those changes while maintaining certainty for the borrower. By working closely with the broker and client, we were able to support the development through those challenges and keep it moving forward.”

Jack Grey, Associate Relationship Manager at P10 Financial Group, said:

“This is a longstanding client relationship, and the project required a lender that understood both the scheme and the client’s objectives from the outset. While the development presented challenges, a collaborative approach between lender, adviser and borrower ensured these were worked through and the facility remained aligned to the needs of the scheme. It will be positive to see the site transformed into well-designed apartments and modern commercial space for the Mitcham community.”

Neil Leitch, Managing Director of Development Finance at Hampshire Trust Bank, said:

“Smaller-scale developments like this are a key part of how new homes are delivered in established urban areas, but they rarely follow a straight path from planning through to delivery. Delays, changing requirements and practical challenges on site are part of the reality for SME developers.

“In that environment, having a funding structure that can adapt as a project evolves is critical. Specialist lenders play an important role in supporting these schemes, providing the flexibility and continuity needed to keep developments moving and bring forward regeneration at a local level.”