OakNorth signs sweet funding deal with Honey for 252 Yorkshire homes

OakNorth Bank has provided a further £12.2m loan to Alchemy Partners-backed SME housebuilder Honey, to part-fund the acquisition and development of two of its schemes, comprising 252 homes in Yorkshire. The new housing schemes, located in Huddersfield in West Yorkshire and Maltby in South Yorkshire, will provide a combined total of 252 new homes for the region. The Maltby site, consisting of 185 detached and semi-detached homes, will include 46 affordable homes and is situated close to Maltby town centre, which is a short drive from Rotherham. Honey’s new Huddersfield site will consist of 67 detached and semi-detached homes, including 13 affordable homes, and is situated in Fenay Bridge. Mark Mitchell, founder and chief executive of Honey, said: “We have seen a constant high demand on all of our sites to date, and given the high quality of the units and the close proximity to major commercial towns and cities, we expect demand for our new schemes in Maltby and Huddersfield to be no different.” Image © Honey