Located in the commuter village of Reddingmuirhead, the new development will transform a former brownfield industrial site on the banks of the Union Canal into a high-quality, energy-efficient neighbourhood - a place where, in the words of its creators, “everyday living feels just that little bit more special”.

Comprising a mix of three-bedroom terraced, semi-detached, and detached homes, the development’s properties are expected to achieve a minimum EPC rating of B, supported by high-grade insulation, sustainable materials, and EV charging infrastructure. The development also features landscaped green spaces and a strong emphasis on community wellbeing.

Carmichael Homes said it approached Shawbrook for its ability to deliver a responsive, flexible finance solution. The tailored facility supports the developer’s multi-site operations, ensuring funding certainty at each stage of the build and enabling the team to focus on delivery.

Douglas Spowart, relationship director, Scotland at Shawbrook, said: “Carmichael Homes has established an excellent reputation across the central belt of Scotland for delivering high-quality developments with character and community at their core. We’re delighted to support The Moorings, which not only brings much-needed new homes to the area but also revitalises a key brownfield site - turning underused land into thriving, energy-efficient family homes.”

Scott Carmichael, managing director of Carmichael Homes, added: “The Moorings is about creating a community where people can enjoy space, sustainability, and design that stands the test of time. Shawbrook really understood that vision and they listened, tailoring the facility to our needs, and gave us the confidence to focus on delivering homes we’re proud of.”