You’re not alone. Every year, thousands of investors enquire about Specialist Supported Housing, drawn by its long lease terms, inflation-linked income, and social purpose. Yet many discover that the capital required to buy an entire property outright — often £200,000 or more — simply isn’t practical.
Others don’t want the responsibility of solicitors, conveyancing, stamp duty, and the eventual challenge of finding a buyer when they need to exit. They still want the fundamentals of the asset class — just packaged in a simpler, more accessible way.
That’s exactly why we created the Series 15 Property Bond.
Explore Series 15 arrow_downwardIf any of these describe you, Series 15 was built for you.
Interested in Specialist Supported Housing
Prefer not to tie up £200,000+ in one property
Want a passive investment
Value diversification
Want fixed monthly income
Prefer investing through an IFISA
If so, Series 15 may be exactly what you’ve been looking for.
Series 15 invests in the same type of Specialist Supported Housing properties many investors purchase directly. The difference isn’t the asset — it’s the way you access it.
Instead of buying one property, Series 15 provides access to a professionally managed portfolio supported by long-term contracted rental income.
UK Specialist Supported Housing properties.
Long-term institutional FRI leases.
Strong demand backed by government-funded providers.
The same asset fundamentals, side by side. Choose the route that suits how you want to invest.
Route A
£180,000–£350,000+
One property
Long-term 25-year lease
CPI +1% annual rental reviews
Full Repairing & Insuring (FRI) lease
Gross property yield typically 12–13%
Full property ownership
Estate agents, solicitors & selling costs when exiting
Capital concentrated into one asset
Generally not IFISA compatible
Route B — Recommended
From £10,000
Exposure to multiple assets
Same long-term lease fundamentals
Same underlying inflation-linked asset class
Same institutional lease structure
Fixed 11.5% annual income
Passive professionally managed investment
Structured annual redemption opportunities (subject to terms)
Diversified exposure
Potential IFISA eligibility (tax free)
Series 15 invests in properties selected using strict institutional criteria, including:
Every property considered for the portfolio must meet the same standards professional Specialist Supported Housing investors would apply when buying directly — ensuring the underlying asset base is genuinely comparable to individual ownership.
Long-term leases with established housing providers
CPI +1% annual rental reviews
Full Repairing & Insuring lease structures
Strong demand within the UK Specialist Supported Housing sector
Professionally selected investment opportunities
Investor protection sits at the heart of the Series 15 structure — with independent oversight at every level.
Independent Security Trustee
Independent Custodian
Segregated client accounts controlled by the Trustee & Custodian
First Legal Charge security over qualifying assets
Asset-backed investment structure
Independent legal oversight
Everything you need to review Series 15 in detail — delivered straight to your inbox.
Get a clear, side-by-side view of how Series 15 compares with direct property ownership, plus everything you need to decide whether it fits your portfolio.
You’ll receive:
Series 15 Mini Brochure
Specialist Supported Housing Factsheet
One-Page Comparison Guide
Security Overview
Example Investment
Capital is at risk. Past performance is not a reliable indicator of future performance. Returns are not guaranteed. Please read the full Investment Memorandum before making any investment decision and seek independent financial advice where appropriate. Smart Legals is the trading name of Property Investment & Consultancy Ltd, a Company registered in England and Wales with registration number 11677503. Investments made through Smart Legals are not covered by the Financial Services Compensation Scheme (FSCS).