Hugo Stephens
Consultant
Hugo is one of the most experienced housing lawyers in the country, having advised housing associations, local authorities, banks and commercial organisations for over 30 years. He is an expert in governance including charity law, finance and major projects.
His experience includes corporate, constitutional and governance matters for housing associations. This leads him to work across group structures, reorganisations, mergers and demergers, transfers of engagement and amalgamations. Hugo has also advised on the formation of new housing associations, both not-for-profit and for-profit, and their registration with the Regulator of Social Housing, and subsequent relationship and working arrangements with this body. He also provides training for boards and staff on a wide range of issues, from board members’ duties and liabilities to anti-money laundering regulations.
I am a corporate, governance and finance lawyer specialising in providing commercial advice to housing associations and others involved in the housing sector. I am known for my ability to simplify complex matters and for negotiating the best deals for my clients whilst preserving their commercial working relationships.
In terms of finance work, Hugo covers capital markets financings, including public bond issues and private placements, bilateral and syndicated loan debt facilities, development funding, intragroup loans, structured finance and derivatives. He works on the creation of security trusts and the amendment of existing security trust arrangements to reflect new borrowing requirements.
Over the years, Hugo has led teams on a range of major projects including joint ventures, large scale voluntary transfers, arms-length management organisations, private finance initiative project restructures, group structures and mergers and demergers.
Recent work highlights
Merger due diligence
Regulator of Social Housing matters
Transfer of engagements
Bespoke grant agreements
Financial review for housing association
External recognition

What people are saying
Hugo knows his stuff and is really easy to talk to.
Penningtons has a very strong social housing team that acts for large institutional landlords and housing associations. It has a strong team of lawyers.
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