Supported living business finance

Finance for supported living businesses

Growing a supported living business usually starts with finding the right property and getting the finance in place to buy it. Once a suitable building is identified, there's rarely much time before adapted bathrooms, mobility equipment, nurse call systems, and specialist vehicles all need to be arranged too, ahead of any income arriving from local authorities or the NHS.

Our supported living finance specialists work with providers across residential care, learning disability services, and mental health supported living. This helps them fund the purchase of freehold and leasehold premises, as well as everything needed to get a property registration ready.

Whether you're acquiring your first property, expanding a portfolio with a second or third site, or fitting out a newly purchased property before residents move in, we can help structure finance that reflects both the cost of the building and the running costs that come with it.

What is supported living business finance?

Supported living finance spans everything from acquiring the property itself through to the equipment and adaptations needed to operate it as a registered care setting.

On the property side, this includes commercial mortgages and property finance for buying freehold premises outright, and bridging finance where a suitable building needs to be secured quickly.

Alongside the property, we help providers fund adapted bathroom fit-outs, profiling beds and mobility equipment, hoists and ceiling track systems, nurse call and telecare technology, door entry and safeguarding CCTV, specialist adapted vehicles, and wider refurbishment works.

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Benefits of supported living finance

Spread the cost of buying and fitting out a property: Rather than one large capital outlay covering the purchase and the adaptation work together, finance can separate these into manageable pieces, so neither element has to wait on the other.

Unlock capital tied up in property or equipment you already own: Asset refinance can apply to specialist equipment, and in some cases to property itself, releasing capital that can be put towards your next acquisition while you continue operating as normal.

Meet CQC and regulatory standards: Bringing a newly acquired property up to registration standard often means adaptations that can't be delayed or scaled back. Financing spreads this outlay so it doesn't compete with the cost of buying the building in the first place.

Fixed, predictable outgoings: A finance agreement, whether against the property or the equipment inside it, gives you a known repayment figure each month, which is useful in a sector where placement income can be slow to start.

Terms shaped around how you grow: Repayment structures can often be arranged around your wider expansion plans, rather than assuming every property is funded and repaid in exactly the same way.

How we helped a supported living provider buy and convert a second property

A provider looking to expand into a second location identified a former residential property that suited their needs; however, they had a limited window to exchange before the vendor accepted another offer. The building also needed a full accessible bathroom conversion, a ceiling track hoist system across three bedrooms, and profiling beds throughout before it could be registered.

The client's reserves would stretch to either the purchase or the adaptation works, but not comfortably to both within the timeframe available.

We arranged a commercial mortgage to fund the property purchase itself, allowing the client to exchange within the vendor's deadline, alongside a separate hire purchase facility covering the specialist equipment and a short-term loan for the building works.

The client secured the property ahead of the competing offer, completed the necessary adaptations, and had the building ready for its CQC assessment in time to take on the placement they'd been targeting.

Apply for supported living finance

As a commercial finance broker, UK Business Finance has built relationships with lenders who understand both the property and equipment side of funding a supported living business.

Here's what you can expect from us:

• A tailored quote in around 60 seconds
• Access to a wide panel of funders covering property purchase, refurbishment and equipment
• We manage lender applications on your behalf from start to finish
• Sector-specific knowledge of how supported living properties are bought, adapted, and paid for

Get in touch with our supported living finance specialists to discuss your requirements.