HTB completes £14m development finance facility for student accommodation

This project, which has full planning consent and will be held freehold, is set to be completed by June 2026, just in time for the September 2026 university intake.

Our funding will enable the construction of high-quality student accommodation in a prime city location, with plans to refinance onto term finance as the intended exit.

Tim Mycock, Lending director, shared:

PBSA developments demand absolute precision around timing, and that’s where lenders can either add real value or become a blocker. The cyclical nature of student intake means missed deadlines simply aren’t an option. With this deal, we were able to structure a facility that gave the developer confidence and allowed for the right build programme to hit key dates. My own background in this sector helped us anticipate the pressure points and move quickly when it mattered. It’s a great example of how our sector experience translates into practical, reliable funding.

 

Scott Apps, Head of Distribution, added:

This deal reflects exactly what HTB stands for in development finance. We’re here to support experienced, regionally active developers with tailored funding that moves at their pace and meets the demands of the local market. This isn’t a one-off transaction – it’s part of a long-standing relationship that has seen us fund the land, provide interim finance, and now deliver a significant PBSA facility. In due course, we expect the scheme to transition onto a term facility with our Specialist Mortgages team, continuing that relationship through the next phase. That joined-up approach across the bank is what sets HTB apart and is something that our developers and broker partners really value.

 

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