Specialist lender supports assisted living expansion with HMO funding package

12 January 2026

A specialist lender bank has supported a portfolio landlord’s strategic move to expand within the assisted living sector with the completion of three new loans.

Redwood Bank, working in partnership with Propp Limited, delivered the funding package for three HMOs in Guildford, each let to a long-term care provider supporting residents with learning disabilities, mental health needs and other social care requirements.

The funding enabled the purchase of two properties and the refinance and equity release of a third to drive further portfolio growth. The combined loan value totalled £1,242,400.

Ian Tudor, regional development manager at Redwood Bank, said:

“This deal shows how our aligned values and great service are benefitting all parties, with a repeat application and drawdown for this family property business.

“The client is a brilliant example of the professionalisation we are seeing across the private rented and property market and it’s fantastic to support an experienced investor committed to providing quality accommodation for the care sector. We look forward to completing more business in the future.”

Redwood approved all three loans for the landlord, who was a returning customer. Two of the properties also qualified for Redwood’s Green Cashback Reward due to their environmental performance.

Redwood’s updated affordability criteria, introduced in May, helped facilitate the refinance away from a larger bank on the third property, improving value and flexibility for the client.

The application was managed by Redwood’s lending team, led by James Egerton, lending relationship officer, alongside Ian, ensuring clear communication and a smooth path to completion.

The completion marks the second successful collaboration between Propp and Redwood in 2025. It follows a loan secured against four properties, reinforcing strong relationships and demonstrating the Bank’s specialist capability in financing social care accommodation. Propp praised the collaborative approach taken throughout the process.

Abigail Webster, property finance consultant at Propp, said: “This facility has allowed our client to secure competitive pricing across the portfolio and to plan strategically for further growth in the assisted living sector. It’s a pleasure to work with a lender like Redwood that understands the vital role this sector plays. Thanks to Ian and the team for their support – we look forward to working together again.”

For further information, visit: Strong relationships and service drive repeat success