Pluto Finance, Devonshire Homes, and Housing Growth Partnership Join Forces to Provide Much-Needed Housing in Wincanton

Pluto Finance, a leading provider of property finance has completed a £10m loan with the strategic partnership formed by Devonshire Homes and Housing Growth Partnership (HGP) for the development of a new build project featuring 31 high-quality homes in Wincanton. This marks Pluto Finance’s first loan with Devonshire Homes and HGP and highlights the company’s commitment to delivering innovative financing solutions for the housing sector.

Pluto Finance is delighted to be working with Independent West Country house builder Devonshire Homes, a trusted leader in the real estate development industry. With its unparalleled reputation, Devonshire Homes is widely esteemed for delivering an exceptional homebuying experience and demonstrating an unwavering commitment to superior craftsmanship.

This development known as Dancing Green, brings together the expertise and resources of three renowned entities, all dedicated to addressing the pressing need for quality housing. Dancing Green will address the demand for much-needed housing in the area and is expected to generate employment opportunities, benefiting the local community, and contributing to the overall growth and prosperity of the region. 

With an impressive turnaround time of just seven weeks from credit approval to loan completion, showcasing the efficiency and commitment of all involved parties, Pluto Finance has demonstrated its commercial acumen and flexibility throughout the due diligence process. This adaptability and commitment to finding solutions contribute to the seamless collaboration between the three entities.

Jonathan Scott, Lending Director at Pluto Finance expressed his enthusiasm about the partnership, stating, "We are delighted to work with Devonshire Homes and HGP on this project. The speed of execution and our ability to navigate complexities demonstrate our commitment to providing innovative financing solutions. Together, we aim to create exceptional housing opportunities while fostering economic growth and employment in the area."

Angus Cook, Managing Director at Devonshire Homes commented: “We’re pleased to be partnering with Pluto Finance and HGP to bring this development to fruition. This partnership has allowed Devonshire Homes to react rapidly and now, Dancing Green will bring much-needed, high-quality new homes to people who really need them.”

Arnaud De Blay, Investment Director at Housing Growth Partnership: "I am really pleased to have completed another investment alongside Devonshire Homes, a long-standing and very successful partner. Pluto Finance have been great to work with and have, all along the transaction process, demonstrated a willingness to understand our requirements and a commitment to get the deal over the line in the required timeframe”.