Peer-to-peer property lender Relendex has partnered with the UK’s largest builders’ service provider, Travis Perkins, to supply funding to its purchasers through its new WholeHouse digital initiative.
The WholeHouse platform, designed for small- and medium-sized enterprise (SME) housebuilders, will cut back skilled charges, together with architects, present certainty round each the fee and supply schedules for supplies, and considerably de-risk the method of creating properties, Travis Perkins claims.
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It mentioned the WholeHouse idea requires finance companions who absolutely perceive fashionable strategies of building and who’re embedded inside the provide course of.
Shut Brothers has been chosen as the opposite finance companion for the venture.
“We’re delighted to be working with Travis Perkins,” mentioned Paul Sonabend, govt chairman at Relendex. “Their dedication to sustainable housebuilding and the assist they’re offering to bespoke housebuilders is exemplary.
“Relendex, is dedicated to understanding and supporting new building methods and inspiring builders to construct ‘greener’ and we imagine that WholeHouse may revolutionise the trade.”
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Lee Jackson, director of WholeHouse, mentioned: “We’re delighted to be working with Relendex and take nice pleasure in supporting our prospects with new worth added providers that assist them to navigate an more and more complicated building panorama with new laws and decarbonisation targets.
“WholeHouse will just do that, and assist SME housebuilders, who’re the lifeblood of regional property markets, to construct higher, extra sustainable properties rapidly and safely, while retaining management over the inventive design components and saving money and time.’’
Relendex, which specialises in lending to SME and micro builders, made a revenue of £322,998 in its final monetary 12 months, marking its second consecutive 12 months within the black.