"[The] case had previously been declined by two lenders because of the complexity of the supported housing lease structures involved."
Mohammed Yousaf, director of Serenity Consultancy (UK) Ltd, completed the refinance across two domiciliary children’s care homes and a five bedroom HMO with a combined value of £1.13m.
The transaction consolidated existing borrowing from a high street bank and another specialist lender into a single residential investment facility, while also unlocking funding for future acquisitions and property improvements.
Redwood Bank provided a £847,500 loan at 75% LTV on a five year fixed residential investment mortgage with a 30 year interest only term. The deal completed in three weeks from full approval to drawdown.
Yousaf has built a property portfolio over more than a decade alongside businesses providing supported accommodation and residential care services. His organisations now operate eight children’s care homes across the West Midlands and employ around 90 staff.
He said: “Many young people entering care or supported accommodation have experienced extremely challenging circumstances. The environment they live in can have a profound impact on their confidence, wellbeing and future prospects.
“Providing safe, high-quality homes with the right level of support can genuinely change someone’s life trajectory.”
According to Redwood, the case had previously been declined by two lenders because of the complexity of the supported housing lease structures involved.
Yousaf said: “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.”
The transaction was introduced by David Sampson, director at Omega Commercial Solutions Ltd, who worked with Redwood on the refinance.
Sampson said: “This was a complex portfolio refinance with several moving parts, but Redwood were straightforward to work with throughout. Their team took time to understand the borrower’s experience and the nature of the properties rather than relying on a tick-box approach.”
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.”
Yousaf said the funding would support the next stage of growth in his portfolio and the services linked to it.
“Our aim is to increase the number of homes we operate while continuing to raise the standard of accommodation available.
Access to funding plays a critical role in making that possible. Having a lender that understands the sector and supports our long-term vision makes a huge difference.”
He added: “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.”
