Eastlight completes major financing deals

Eastlight Community Homes has completed a series of refinancing deals with Santander and Lloyds, securing long-term funding, extending maturities and improving the association’s financial flexibility.

The 14,600-home Essex-based housing association has also finalised documentation for its £100 million sustainability-linked loan (SLL) with Danske Bank, linking part of its borrowing to environmental and social performance.

Documentation for the £100 million SLL, originally agreed in December 2022, was finalised in August 2025. The loan is linked to key performance indicators including improving energy performance certificate (EPC) ratings across existing homes and reducing the gender pay gap.

Eastlight’s in-house treasury team has also completed a refinancing exercise with Santander on its £100 million revolving credit facility (RCF). The revised terms extend the facility to five years with effect from 30 September 2025, reduce pricing and include an additional £50 million ten-year term facility at competitive rates.

At the same time, Eastlight refinanced its £50 million revolving sustainability-backed credit facility with Lloyds. The facility has been increased to £60 million and extended to a five-year term, providing further financial certainty. A sustainability-backed facility links the borrowing costs to environmental performance, rewarding the association for taking measurable action to reduce its environmental impact.

David Mullen, Executive Director, Finance, at Eastlight, said: 

“These financing arrangements strengthen Eastlight’s ability to deliver against our Corporate Strategy. They provide the financial resilience to invest in our homes and neighbourhoods, while embedding sustainability into our operations. 

“We remain committed to being resident-led, place-based and environmentally responsible, ensuring that the services we provide reflect our customers’ needs and priorities.”

See more funding news here.