Furness Building Society and Nexa Finance have funded the delivery of 363 homes across the country, including 88 in Cumbria and Lancashire.
The partnership was launched in 2025 to finance housing developments for local buyers, with funding available to regional housebuilders and developers.
Among the homes delivered are 23 properties forming phase one of the Horizon Middleton Towers development in Heysham, Morecambe (see CGI picture).
The scheme, led by Concorde Homes, was Furness’s first developer partnership. The gated development on the edge of Morecambe Bay comprises energy-efficient, semi-detached and detached homes with three, four or five bedrooms.
The partnership can fund new-build and refurbishment projects, as well as the conversion of commercial buildings into homes. Nexa supports developers through the application process and works directly with Furness’s underwriting team to secure loan approval.
Lisa Archer, senior heartland development manager at Furness Building Society, says: “We’re proud of the work we’ve done to date with Nexa Finance. Through our commercial lending partnership, we’ve achieved our aspiration to build homes in our local communities and enable more people in our heartland and beyond to make home ownership a reality.
“By unlocking vital funding for SME developers, this collaboration not only supports local homebuyers but also delivers a boost to regional economies. We look forward to continuing working with Nexa to fund further property developments.”
Liam Harrison, head of Nexa Finance, ads: “Our partnership with Furness has been a fantastic opportunity to advance house building across the country and we’re proud to see the construction of 363 new homes so far.
“We’ve enjoyed collaborating closely with both Furness’ branch and mortgage teams to guide developers toward the right lending opportunities for their projects.
“By combining manual underwriting with our simple, jargon-free approach, we’re able to understand the merits of each project and help regional SME developers fast-track the creation of new homes.”
