England - London • Real estate

Bevan Brittan LLP

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The social housing team at Bevan Brittan LLP handles the full range of housing finance work, from private placements to public bond issues. The group advises a number of social housing associations on loans to joint ventures and on development finance for a variety of schemes, as well as advising on the funding of local authorities investing and lending into housing. In 2022, the team was reappointed to a number of legal panels, such as Network Homes. Practice head Louise Leaver has a strong background assisting both borrowers and lenders with secured and unsecured loans, as well as capital market transactions and innovative funding initiatives. Wendy Wilks leads the social housing team in London and, alongside Jessica Church, further supports the practice through the security taking practice, which acts for funders on security charging projects regarding loan agreements and security reorganisations and releases.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Their knowledge and expertise of the sector is amazing. The advice provided each time is appreciated.’

  • ‘Wendy Wilks, Louise Leaver and Deborah Rowntree are recommended.’

  • ‘The practice is particularly adept at providing a service that acts as if it is a 1-2-1 relationship while having a larger firm experience and capability behind it.’

  • ‘Jessica Church is personable, professional, and highly responsive. Combined, that gives us absolute confidence in her abilities.'

  • 'Wendy Wilks is focused on client relationships while providing a highly professional, high-quality service.’
  • 'Good, very knowledgeable, and approachable team with a broad coverage of specialisms that support work in the social housing sector. They provide useful and informative briefings via newsletters and blogs.'
  • 'Sarah Greenhalgh has provided excellent support and expertise through a recent merger and due diligence exercise.'

Key clients

  • ForViva Group
  • 54North
  • Network Homes
  • Places for People Group
  • Settle Group
  • Silva Housing Limited
  • Southern Housing Group
  • Sovereign Housing
  • Together Housing Group
  • VIVID Homes
  • ARA Venn
  • Saltaire Housing
  • M&G Investment Management Limited
  • M&G Trustee Company Limited
  • The Housing Finance Corporation Limited
  • Affordable Housing Finance Plc
  • bLEND Funding Plc
  • Charity Bank
  • Reliance Bank
  • Saxon Weald

Work highlights

  • Advising ForHousing Limited on the strategic charging of a portfolio of 5,000 properties and advising on the related refinancing of two facilities with Barclays and RBS, and a new £60m funding transaction with bLEND.
  • Advising M&G Investment Management Limited as structuring agent on behalf of the investors on a £20m private placement to Islington & Shoreditch Housing Association Limited.
  • Advising Silva on the negotiation and agreement of a new secured £28m, 30-year loan facility from ARA Venn.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Louise Leaver

Louise Leaver

Hall of fameBevan Brittan LLP

Louise is a specialist housing finance lawyer and is recognised for providing commercial and pragmatic advice to clients. She has been acting for borrowers and lenders for over 20 years, and represents a broad range of clients including corporate borrowers, registered providers, charitable entities, property developers, banks and institutional investors. She has experience advising on all types of loan agreements, security documentation, intercreditor and security trust arrangements, swap transactions and capital market issues. Louise specialises in supporting and advising clients in the social housing sector to raise funds, whether through short-term revolving credit facilities or longer-term private placements and bond issuance. She also advises on development finance, acquisition finance, off-balance sheet delivery models, joint venture arrangements and restructurings. She used her experience acting for borrowers and lenders to evolve and document new funding structures. Recent Experience o Advising a leading housing association on the first unsecured revolving credit facility in the social housing sector. o Lead lawyer advising a large London housing association on their debut US private placement with a novel mix of secured and unsecured tranches. o Acting for institutional investors in relation to over £1billion of private placements. o Supporting a large housing association through a £250m bond issuance, merger and subsequent group restructure and related refinancing. o Lead lawyer advising a large G15 housing association on structuring their PRS portfolio and accessing funding through the PRS Government Guarantee scheme. o Advising a G15 housing association on their role in a large regeneration project structured through a contractual joint venture with a nationwide developer.

Practice head

The lawyer(s) leading their teams.

Louise Leaver

Other key lawyers

Wendy Wilks, Jessica Church, David Moore, Deborah Rowntree, Louise Mookerjee, Sarah Greenhalgh