Equity Housing Group agrees £55m loan

Equity Housing Group has agreed a £55m refinancing package to build more than 800 homes over the next five years.

The Stockport-based housing association has extended its existing £20m loan with Natwest and added a further £35m in debt.

Andy Oldale, deputy group chief executive at Equity Housing Group, said: “As a housing association with dispersed stock and a strong development performance, we believe we can best serve communities by building local, new affordable homes.

“This deal helps us deliver on these aims on behalf of our communities.”

Equity has a portfolio of 4,800 homes