Hilltop is looking to lend more than £125m over the next 12 months to help build more affordable homes.

The firm is backed by global real estate investment business Round Hill Capital.

Hilltop will provide a tailored one-stop funding solution for up to 90% loan to cost, with loans ranging from £3m to £20m.

The launch pipeline is more than £40m to fund residential schemes across the UK including Windsor, York and the Midlands.

Paul Oberschneider, Founder and CEO of Hilltop Credit Partners, said: “Our joint venture with Round Hill Capital brings together our collective experience and skills to support proven SME housebuilders throughout the UK, and to help promote greater housing supply that is more affordable than what the large housebuilders focus on delivering.

“We look forward to continuing to significantly expand our development lending portfolio diversified across the UK, with a target to deploy in excess of £125 million over the next 12 months.

“Hilltop is an agile and entrepreneurial team with significant financial firepower to deploy, and the industry expertise and reach required to move quickly to fund the delivery of more new homes in the UK.

“We have been significant developers ourselves and we understand development risk and market cycles.”