About Us

Loans for social housing companies

Social Housing plc (“GBSH”) is a finance company with the sole purpose of providing loans to the UK social housing sector.

The company is a loan aggregator and raises finance through capital markets notes issuance.

Note proceeds are on-lent to eligible UK social housing associations on a secured basis.

All GBSH loans include an initial set of financial covenants that comprise a minimum asset cover, minimum interest cover and maximum gearing covenant.  Subject to GBSH credit approval, these covenants could vary across borrowers and borrowers may vary covenants within the agreed ranges (subject to Issuer consent) annually. If interest cover is reduced and/or gearing increased, additional asset cover will be required by GBSH.