Barratt Developments is still expecting to sign a vital £400m loan agreement with its banks by the end of its financial year in two weeks' time, despite concerns over its short-term position.

"We're just waiting for the documentation," a representative for the housebuilder said yesterday. "Everything is on track, the terms will be the same as we discussed three weeks ago." The debt facility is part of an £800m tranche of debt taken on last year to finance the £2.2bn acquisition of Wilson Bowden, the cause of Barratt's troubles.