Topland, the international investment group, has taemed up with Wolsey Securities, specialists in residential development finance, with the aim of investing in excess of £150million in housebuildig directed to developers in the locatins such a South Bucks and other communting areas in the SE.

The first two deals are done with total funding of just under £2million. An aditional £8million is in the pipeline across the Home Counties.

Funding of up to 85% of development costs is available for the right schemes.

Stephen O’Brien, Managing Director of Wolsey Securities, says: “To be able to make available funding up to 85% of all development costs is exceptional in this market. It’s a real incentive for good housebuilders in South Bucks with the right schemes to increase the number of projects they have underway in their portfolio.

There is a desperate shortage of funding for housebuilders, despite the demand for new homes in the commuter belt around London and we hope that this new source of finance will help local builders to get building.

Loan sizes will typically fall into the range from £1million up to £10million.”

Interested housebuilders should contact Wolsey Securities with details of their scheme, via the web site, www.wolsey.net or call 01932 586800 Based on information supplied by Mark Higgins.