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Fitch warns of pressure on housing associations from RTB extension

16th April 2015

Just when you thought it couldn’t get any worse, Fitch says the Tory Party's proposed right-to-buy extension “could add to pressure on registered housing providers’ financial flexibility”. The ratings agency said it was “too early to quantify the potential impact of the proposed extension to all housing association tenants as it is difficult to predict the number of tenants who would want to buy their homes at the larger discounts that would be available”. However, “if the pr...

Opinion: Why extending right to buy is a bad idea

14th April 2015

By Richard PeacockChief executive, Soha Housing Housing associations are charities and all the homes and rental income is held in trust for existing tenants and future tenants who are in housing need. Housing associations house the poorest in society. We charge affordable rents but even at that level over 50% cannot afford to pay their rent without housing benefit. There are at least 3,000 households in Oxfordshire in housing need. To give existing tenants the right to buy with a large discount - some mi...

New head of property at Lloyds is the man to tackle

9th April 2015

Former professional rugby player Glen Wilson is the new man to go to for property businesses with annual turnovers of up to £25 million. Wilson has been appointed head of property for small and medium sized enterprises at Lloyds Bank Commercial Banking. At his previous role as head of mortgage quality and change at Halifax, he was responsible for the conduct risk agenda across 850 colleagues with annual lending of £6 billion. Wilson has 18 years of industry experience, before which he ...

'Generation Cautious' holding onto their pots

9th April 2015

Just one in 10 adults aged 55 and over want to cash in their pension pots early as 'Generation Cautious' remains wary of the new freedom to splurge, according to a YouGov survey. But 15% of those who are likely to dip into the pot within the next year want to help children or grandchildren move on or up the property ladder. The survey, commissioned by Anchor, England’s largest not-for-profit provider of housing for the over-55s, showed 60% of adults aged 55+ said they were not at all likel...

Legal & General in £50m, 800-home deal with CCH

1st April 2015

Chorley Community Housing (CCH) is getting a £50 million, 40-year loan from Legal & General to fund a pipeline of 814 new homes over the next three years in the North West, with pensioners' money playing a key role. Kerrigan Procter, MD of Legal & General Retirement, said: “The UK has a chronic shortage of housing across all tenures. At Legal & General we are playing our part in changing this. Annuity money is ideally suited for investment in housing and infrastructure, as it can...

Julian Turner new FD at TVH, Jack Stephen retiring after 20 years

1st April 2015

Jack Stephen, a well-known figure in the sector, is retiring after 20 years as finance director for Thames Valley Housing. His deputy, Julian Turner (photo), has been appointed as his successor, starting 1 June. The oft-misspelt Stephen (there's no 's' at the end) steps down at the end of May. Turner has also worked at Standard Bank PLC and WestLB AG. TVH chief executive Geeta Nanda said: "Julian has made a terrific impact at TVH, leading projects such as the debt refinancing package with Pricoa Mor...

New retail charity bond launched for Hightown

1st April 2015

Hightown Praetorian & Churches Housing Association is offering small investors a “unique opportunity” to invest in charitable activities in their local community. A new retail charity bond has been launched to help the 4,400-home Hightown provide ‘affordable housing’ in Hertfordshire, Buckinghamshire and Bedfordshire. “We aim to help homeless people and people who cannot afford to rent or buy at market rates by developing new high quality homes,” Hightown chief e...

Wales’ largest social landlord sees digital payments rise

1st April 2015

Wales’ largest social landlord has seen a surge in its residents paying by digital payment channels – now representing more than half the value of payments it takes by debit and credit cards. RCT Homes, which provides housing services to more than 20,000 people of all ages in the Rhondda Cynon Taff region, partners with secure payment solutions provider allpay, which allows it to offer its residents multiple payment options across cash, card and direct debit acceptance. In the last year, i...

Renting ‘lifers’ £500,000 worse off than those who buy in their 20s

25th March 2015

Families who are never able to get on the property ladder will be more than £561,000 worse off over their lifetime than those who can buy a home in their 20s, new research has revealed. The study by the housing charity Shelter paints a picture of the huge financial, social and psychological implications of England’s housing shortage on people left locked out of a home of their own. By analysing the income and assets of ‘first time flyers’ who have help onto the property lad...

Opinion: The Tories want to destroy the social housing sector. Don’t let them do it

24th March 2015

By Max Salsbury, 24dash reporter Are you planning on voting for the Conservative Party at the coming election?  It’s a free country; you can vote for whom you please, and I’m not going to stop you. How could I?  Or perhaps you’ll vote for Ukip. Again, that’s your choice. I think it’d be a very, very bad choice; in fact an awful choice. Actually, it’s a dangerous choice, but it’s your right – so do as you will. But anyway, these Tories. ...