Glen Housing Association

Fife, Scotland

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A Scottish housing association invites us to meet delighted residents at their new developments of affordable homes, purchased with the help of a CAF Bank loan.

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Glen Housing Association is a registered social landlord providing affordable homes for rent. It owns and manages over 400 homes in Fife, a peninsula in eastern Scotland. This area is popular with tourists and holiday makers, but is also still recovering from the collapse of the coal mining industry.

Glenrothes, Leven and Methil are small towns that have a limited supply of rented accommodation to meet the needs of the local community. To tackle this shortage, Glen Housing is working in partnership with developers to build affordable housing for rent, including amenity bungalows and homes accessible to wheelchair users.

The housing association purchased 37 new houses from the developers – located at three sites, Castlefleurie, Tassie Court and Methil Brae – with the help of a £1.6 million loan* from CAF Bank.

Anne Dickie, Director of Glen Housing, explains their choice of lender, “I thought that the ethos about them [CAF Bank], looking to work with other charitable organisations, fits with the kind of outlook that our association has as well. We found them very open, very transparent.”

Soon after the completion of these developments, CAF Bank representative, Stuart Niven, made a visit to see the benefits they are bringing for the community.


Anne highlights the local demand for amenity bungalows and wheelchair accessible homes, “We could have let these houses five or six times over each one, because of the need for this particular type of housing. For some people it changes their lives and it always make you feel quite humble.”

Residents, Trevor and Celia, are overjoyed with their new home, which has brought them closer to their children and grand-children. Celia, who is a wheelchair user, used to feel like a prisoner in her own house. She was overcome with emotion when seeing her new, accessible home for the first time, “I did cry the day I came round to see the house. I can’t tell you how lucky I feel. I can get into every single room, and I can get out of the French doors in the kitchen.”

The partnership between Glen Housing and its lender is one that both organisations are keen to continue. Anne of Glen Housing says, “We would love to work with CAF Bank again. There’s no doubt about that.” Stuart Niven adds that CAF Bank is committed to helping charities further their mission, “We are building long-term relationships with the charities that we support.”

A measure of the project’s impact on the community is summed up by resident, Celia, “It’s not just everyday living. It’s life-changing. This is our forever home.”


Are you a social housing provider looking for a flexible lending partner to help get a project off the ground? Get in touch with our charity loan experts.

* CAF Bank loans are non-regulated products.

Loan applications subject to credit assessment. Security will be required.

Charity assets may be at risk if you do not keep up with the repayments for a mortgage, loan or any other debt secured on them.

If you're thinking of consolidating existing borrowing, you should be aware that you may be extending the term of the debt and increasing the total amount you pay.

CAF Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 204451).

CAF Bank Limited Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ. Registered in England and Wales under number 1837656.