A specialist in House in Multiple Occupation (HMO) management services has expanded its strategy with seven figure HSBC UK funding package.
It has utilised HSBC UK loans totalling a combined £1m to acquire estate and lettings agencies across the North West, focusing on residential lettings and HMO conversions, before selling the properties to investors and prospective landlords.
S Farrar will now operate Northwood franchise offices in Liverpool, Bolton and Wigan, with plans to open an additional branch in Liverpool in the summer of 2026.
With a current workforce of 37, the firm expects to safeguard 20 jobs as part of its ongoing expansion and acquisition strategy.
It currently owns and operates five estate and lettings agencies across the region, including Summit Management, Northwood Liverpool, Northwood Bolton, Northwood Wigan, and Urban Residential.
By expanding its Northwood franchise network, S Farrar Properties Group is focused on growing its portfolio of residential lets and HMOs, with an aim to make affordable renting more accessible for tenants, while offering opportunities for property investors.
The business expects to double its turnover within the next 24 months as result of this HSBC UK supported expansion.
Managing director Shaun Farrar comments: “We started S Farrar Properties with an aim to raise standards in shared housing, while creating opportunities for people to access quality homes across the North West.
“The support from HSBC UK has been pivotal in helping us accelerate growth and expand our Northwood network. This investment means we can continue to improve the standard of HMOs, create more local jobs, implement essential training to staff and make renting a better experience for all.”
This article is taken from Landlord Today