On 27 July 2017, the Financial Conduct Authority (the “FCA”), announced that by the end of 2021, the FCA will not use its legal powers to compel or persuade banks to submit to LIBOR as they are not comfortable in doing so where there are only a few eligible term borrowing transactions by large banks.
Our experienced finance solicitors advise on all aspects of social housing finance and have extensive knowledge of the social housing sector.
We are one of the leading law firms advising housing associations on their funding requirements. The team is rated by independent commentators as one of the top UK firms acting for borrowers in the social housing sector.
We advise on:
- New finance and refinancings;
- Public Bond issues and private placements by housing association borrowers;
- Negotiation and completion of documentation for secured loan facilities from private sector lenders and institutional investors;
- Financing for group structures;
- Social housing project finance – PFI/PPP schemes;
- Strategic advice around funder consents to pursue innovative funding/commercial arrangements; and
- Advice on the use of facilities to fund new and innovative projects.
We work in partnership with our clients to ensure the outcome meets the business aim. As experienced advisers on finance matters, we aim to keep the process of raising finance straightforward and simple while actively managing the risks of entering into long-term funding arrangements.
It was a real pleasure working with Anthony Collins Solicitors to arrange new funding for Rooftop Housing Group through L&G. Natalie Singh was very approachable and professional, guiding us through each step of the process which was something that was important to us as we had not been directly involved in arranging new funding before. Her instructions were very clear, we received regular updates on progress and on what to expect next. We achieved completion by the deadline, agreed at the start of the process, which was very challenging due to the short time frame involved.Caroline Dykes, Finance Director, Rooftop Housing Group.
We completed a new £165m loan facility with Barclays Bank, with closure occurring just 11 weeks from the date of the initial funder presentation to the management board. Anthony Collins Solicitors led us through this process with astounding commitment and diligence, with Natalie Singh working tirelessly to get us 'the best deal possible’. I have also been delighted to see, first hand, just how good their property team is and I would recommend them to anyone who is looking to secure the best legal housing service in the MidlandsDavid Knowlton, Finance Director, The Community Housing Group.
We were very impressed with the professional, thorough approach of Anthony Collins Solicitors. At all times, the team was calm, effective, concise and courteous - even when under great pressure.Martin Robertson, Walsall Housing Group.
Following a competitive process Raven Housing Trust appointed Anthony Collins Solicitors to advise us during our latest loan restatement. We enjoyed working with Natalie who offered a very refreshing and insightful view of how the legal agreement could work for us, with an emphasis on obtaining a pragmatic solution. We were extremely pleased with the outcome and would not hesitate in recommending Natalie as a lawyer - she made the complex, understandable.Mark Thrasher, Raven Housing Group.
Head of the funding team.
Anthony Collins Solicitors (ACS) won four awards at the Birmingham Law Society Awards last night (8 March 2018), including Law Firm of the Year (16 partners or more).
The maximum discount available to tenants exercising their right to buy or preserved right to buy (in England only) is increasing.
Housing providers hoping to escape the EU procurement rules should note that this is unlikely pre-Brexit.
Our Housing team are delighted following a formal tender procurement process to have been appointed to three lots under the new multi-million-pound legal services framework for The Riverside Group.
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