We advise on all areas of social housing finance and our genuine sector focus allows AG to distinguish itself from competitors.

The firm is rated by independent commentators as one of the two leading UK law firms acting for lenders in this sector. The firm has been active in this sector since the early days of private sector involvement in the funding of social housing.


We advise on: 

  • General financings and refinancings 
  • Large scale voluntary transfer (LSVT) financings and refinancings
  • Group structures/group financing structures
  • Social housing projects, including PFI/PPP schemes
  • Key worker, market rented and other diversified accommodation projects
  • Social housing loan portfolio transfers
  • Syndications and participations

The firm distinguishes itself from competitors by a genuine sector focus through:

  • Long term commitment to the sector by our team
  • Consistency of team and depth of resource
  • Genuine involvement of partners who are nationally recognised experts
  • Value for money
  • Technical excellence and commerciality
  • Innovation and product development

Recent experience includes: 

  • The firm has advised The Council of Mortgage Lenders on issues relating to the sector (e.g. the Enterprise Act 2002; the Salvage case). 
  • £115 million syndicated facilities arranged by Britannia Building Society for The Community Housing Group.
  • £125 million syndicated facilities arranged by a major bank Housing Finance to fund the St Helens LSVT.
  • £250 million syndicated facilities arranged by Bradford & Bingley plc for Chiltern Hundreds Housing Association.
  • We advised debt arrangers on the FIRST Scottish LSVT (Berwickshire – Bradford & Bingley plc) (and two of the four Scottish LSVTs to date). 
  • We advised debt arrangers on the FIRST and only Welsh LSVT to date (Bridgend – Nationwide Building Society).
  • We advised debt arrangers on the FIRST Trickle Transfer (South Shropshire – for Northern Rock plc).
  • We are acting for the public sector on three of the Government's FIRST eight Pathfinder Social Housing PFI projects.
  • We advised on the FIRST building society syndicated participation in an LSVT (Portman with NatWest on East Dorset).
  • We advised The Council of Mortgage Lenders on amendments to The Enterprise Act 2002 in relation to the Social Housing Sector and Richard Papworth, instructed by The Council of Mortgage Lenders, led a steering committee of funders, rating agencies and other lawyers on the implications of The Salvage Case to the Social Housing Sector.

Key contacts

Meet the team
Lee Shankland-Gort

Lee Shankland-Gort

Partner, Head of Social, Sustainable and Green Finance
United Kingdom

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