A development partnership delivering a seamless debt solution.
Property developers Austin Worboys Ltd needed a property development loan to finance the construction of two luxury residential properties in Hertfordshire, in an area of outstanding natural beauty nestled in the suburbs of London.
Incorporated in 2021, Austin Worboys Ltd are experienced developers with directors Stuart Austin and Oliver Worboys using their more than ten years of industry experience to focus on high end, energy efficient residential real estate developments.
It was important for Austin Worboys Ltd to partner with a dynamic lender with whom they can build the foundations for a long-term relationship. Disheartened by what they described as the “transactional and impersonal nature” fostered by the more traditional high street banks, they turned to Aldermore.
Stuart and Oliver told us:
“Aldermore’s strong focus on human interaction and building trust provided us with the quality of service that we really value throughout the entire process. When dealing with other lenders, they sometimes became less attentive and more difficult to contact when the money had changed hands. Aldermore consistently put us first and were willing to meet face-to-face whenever we needed their assistance”.
“The complete debt solution that Aldermore offered us allowed greater flexibility than our previous lenders, with a tailored package with fixed rates instead of variable.”
Head of Property Development for Aldermore, Iain Bryson commented:
“We were delighted to support Austin Worboys Ltd on this development project. Our close working relationship allowed us to give Austin Worboys Ltd the autonomy they needed to progress the development. Within a week of us visiting the site, we were able to release the first instalment of the property development loan and it was in their bank.”
Ultimately, the development was completed both ahead of time and under budget and as a result of this overwhelming success, Austin Worboys Ltd are keen to continue this open and honest relationship and develop further properties. Aldermore look forward to seeing how we can help them in the future.
Find out more about our Property Development Finance offering and how we could support your business or give us a call at 0330 828 3447.
Subject to status and affordability. T&Cs apply. Security may be required. Any property or asset used as security may be at risk if you do not repay any debt secured on it.