Debt Capital Markets Security

Debt capital markets security is a long‑established core strength at Devonshires. We advise Registered Providers and Registered Social Landlords on bonds and private placements, focusing on the property security and due diligence that underpin long‑term funding arrangements.

Our team ensures that property security is properly constituted, clearly documented and capable of supporting funding over its full life. Bonds and private placements are typically less relationship‑driven and more documentation‑heavy, which places particular importance on accuracy, consistency and delivery.

We combine deep experience in social housing finance with practical, solutions‑led property due diligence. Working closely with banks and financial advisers to the sector, we identify and resolve security issues early, helping you avoid delays once transactions are underway.

Devonshires is independently ranked Band 1 for Social Housing Finance in both Chambers UK and Legal 500. That recognition reflects our sustained track record of supporting complex bond and private placement transactions through robust, well‑managed property security.

Our Services

We regularly advise clients on bonds and private placements, providing focused legal advice on property security and associated due diligence. Our role centres on charging properties, managing releases and recharges of security, and delivering large‑scale charging programmes efficiently and accurately.

Our team work alongside lenders, banks and financial advisers, ensuring that security documentation is deliverable in practice and aligned with the requirements of the funding arrangement.

Our recent experience includes:

• Gentoo – £460 million loan facilities and private placement facilities, including release and recharge of security following full due diligence on approximately 17,000 properties.
• CKH – £100 million private placement and related property securitisation involving around 1,650 properties.
• Peaks & Plains Housing Trust – £102.5 million loan facilities and private placement with associated property securitisation covering approximately 6,500 properties.
• Anchor – £450 million bond involving around 6,500 secured properties.
• Paradigm Housing Group – £250 million sustainability bond.

These matters illustrate our ability to deliver property security solutions that are proportionate, defensible and tailored to the realities of long‑term social housing funding.