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Contractor Accommodation Finance
Tens of thousands of workers, housed for years, near projects with decade-long timelines. I have already funded serviced accommodation serving Hinkley Point C, so this is a market I know from the inside, not from a report.
The UK's pipeline of major projects, nuclear stations, rail, gigafactories, freeports, defence programmes, needs tens of thousands of workers housed near site for years at a time, and well-run contractor accommodation can achieve significantly higher rents than a standard single let, with demand contracted years ahead. That is the opportunity. The catch is the financing, and it is a real catch.
Serviced accommodation and contractor let models sit outside standard buy-to-let criteria, and plenty of lenders simply decline them on sight, not because the model is bad but because they do not understand it. My advantage here is not theoretical: I have completed funding work for a commercial serviced accommodation business housing Hinkley Point C workers, so I know the letting models operating on the ground and, more usefully, which lenders understand contractor demand rather than fear it.
I arrange the full structure: bridging to buy and refurbish into contractor-ready condition, HMO finance for room-by-room workforce lets, serviced accommodation mortgages for operators, and the exit agreed before you start. One piece of advice I give every landlord entering this market: make the lender love the asset beyond the project. Structure so the property works as ordinary letting stock too, and the project rent becomes your upside instead of your dependency.
Written by Chris Adlam
Founder of Advanced Funding Solutions. Chris has arranged specialist property finance since December 2013 and personally packages and places every deal the firm takes on. Book a call with him directly.
Also see: Hinkley Point C · Sizewell C · HMO & Multi-Unit Finance · Bridging Loans
The deals other brokers decline are the ones we complete. Five minutes is enough to know if we can help.
Frequently asked questions
Nuclear builds such as Hinkley Point C and Sizewell C, HS2 and major rail works, gigafactories, freeports like Teesside, defence programmes such as the Barrow submarine yards, and large energy and data centre schemes. Anywhere thousands of workers arrive faster than housing supply.
Specialist lenders assess them as serviced accommodation or HMOs depending on the letting model. Generalist lenders often decline them outright, which is why placement matters. We go straight to the lenders with genuine appetite.
Major programmes run for a decade or more and workforce numbers usually peak years after the start, but this is your commercial judgement to make, not ours to advise on. What we can do is make sure the funding structure works whichever location you choose.
Lenders ask the same question, so your exit matters: conversion to standard letting, student use, or sale. We structure the finance so the asset works beyond the project timeline, not just during it.
Question not answered? WhatsApp Chris directly or book a call, it is quicker than email.
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