Specialist bank backs Birmingham landlord expanding homes for vulnerable people

09 April 2026

A specialist lender has completed the refinancing of a £1.3 million property portfolio for a Birmingham landlord, unlocking funding to support the expansion of homes for vulnerable young people.

Redwood Bank successfully delivered an £847,500 refinancing facility for Serenity Consultancy (UK) Ltd, releasing equity for further acquisitions and improvements.

The case had previously been declined by two lenders due to complexities linked to supported housing lease structures. Redwood used manual underwriting to assess the assets alongside the borrower’s wider operating model, enabling the deal to proceed.

Mohammed Yousaf, director of Serenity, said:

“Providing safe, high-quality homes with the right level of support can genuinely change someone’s life trajectory.

“Redwood took the time to understand the bigger picture. They looked beyond the paperwork and recognised both the track record and the purpose behind the portfolio. Their approach made a real difference in allowing the deal to move forward.”

Delivered in partnership with Omega Commercial Solutions Ltd, the facility consolidated existing borrowing across a three-property portfolio and was completed within three weeks.

The portfolio comprises two children’s care homes and a five-bedroom HMO. The loan was structured at 75 per cent LTV on a five-year fixed rate with a 30-year interest-only term.

Mark Dobson, head of business development (South) at Redwood Bank, said:

“This deal shows how Redwood works with brokers and customers to support experienced landlords with clear growth plans. Our decision-in-principle process allowed us to give early certainty that we could support the case, and once approved we were able to move quickly to completion.”

The refinance enables the borrower to reinvest into additional properties, supporting the continued expansion of accommodation for vulnerable young people.

Mohammed added:

“Our long-term goal is simple – to provide more high-quality homes for young people who need stability, support and opportunity. Working with partners who understand that vision makes all the difference.

“Redwood were fantastic throughout the process. The solicitors they appointed were knowledgeable and worked extremely efficiently. After many years of working with lenders and solicitors, this was genuinely one of the best experiences I’ve had. It gives me confidence to consider refinancing more of my portfolio in the future.”

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