Deals

councils, repairs, auisterity, social housing

Councils seek to plug budget holes as rent cut bites

24/02/2017 | By Sophie Barnes

Councils are boosting their income through service charge rises and other fee increases as pressure from the 1% rent cut on Housing Revenue Accounts ramps up.

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Barratt boosts profits despite dip in homes built

22/02/2017 | By Pete Apps

The UK’s largest house builder has announced boosted profits in the six months to the end of December, despite a dip in the number of homes it built.

David Orr

Orr hits out at government supported housing proposal

21/02/2017 | By Sophie Barnes

The chief executive of the National Housing Federation (NHF) has hit out at a government proposal to hand supported housing funding to councils because he fears it will create geographical inequalities.

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Aberdeen council

Aberdeen association secures £12.5m loan

21/02/2017 | By Pete Apps

An Aberdeen housing association has secured a £12.5m loan to build 147 homes in the city and the surrounding area.

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Galliford Try reports 23% profit boost

21/02/2017 | By Pete Apps

House builder Galliford Try has reported a 23% profit boost in its half-year results through to the end of December.

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NHF warns of 'significant risks' in deal-based rents approach

20/02/2017 | By Pete Apps

The National Housing Federation (NHF) has warned of “significant risks” to a deal-based approach for future rent settlements.

Comments (1)

George Osborne holds up his briefcase for the media

NHF calls for rent freedom in Budget

17/02/2017 | By Sophie Barnes

The National Housing Federation (NHF) is calling for rent freedom and for housing to play a part in the government’s industrial strategy, ahead of next month’s Budget.

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Global Accounts: associations' sales activity soars 39%

17/02/2017 | By Nick Johnstone

Just 10 housing associations were responsible for three-quarters of the sale activity carried out by UK landlords in 2015/16, while the total proceeds from such sales grew by 39%.

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North East associations plan three-way merger

16/02/2017 | By Pete Apps

Three North East housing associations have announced plans to merge to create a 23,500-home association.

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Cala on course for record profits

16/02/2017 | By Pete Apps

The house builder part-owned by giant institutional investor Legal and General (L&G) is set to deliver record profits and new homes, a trading update said.

merger

Lincolnshire associations agree merger

15/02/2017 | By Nathaniel Barker

Two Lincolnshire housing associations have agreed merger plans to form a new 12,700-home landlord in principle.

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Housing association merger supported by HCA

13/02/2017 | By Pete Apps

Two Hampshire-based housing associations have had their merger backed by the housing regulator.

Newbury

Sovereign secures £150m European investment

13/02/2017 | By Nick Johnstone

Sovereign, the UK’s sixth-largest housing association, has signed a £150m funding deal with the European Investment Bank (EIB) to support its plans to build 4,500 new homes over the next three years.

National flag of Wales

£30.5m loans for Bron Afon to build 450 homes

13/02/2017 | By Nathaniel Barker

Welsh association Bron Afon Community Housing has pledged to build 450 homes after securing £30.5m in loan deals.

merger

Bracknell Forest Homes in talks over Housing Solutions merger

13/02/2017 | By Nathaniel Barker

Two Berkshire housing associations have announced plans to join forces to form a 14,600-home landlord in the county.

Mega-merger cancelled

Cobalt chair: local investment priorities led to Symphony de-merger

10/02/2017 | By Tim Clark

A housing association ‘de-merged’ from one of the north’s largest housing groups over concerns its large surplus would not be invested in the local community.

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The land grabbers

09/02/2017 | By Nick Johnstone

L&Q’s acquisition of Gallagher Estates is a milestone in the housing association sector’s march into the land market. Nick Johnstone looks at the risk and reward

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Barwell: we will balance 'fiscal consequences' with calls for rent flexibility

08/02/2017 | By Pete Apps , Tim Clark

The government will balance the “fiscal consequences” of higher rents against housing associations’ calls for full flexibility, the housing minister has said.

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Government to set new post-2020 rent standard for housing associations

07/02/2017 | By Pete Apps

WHITE PAPER: The government will set out a new rent standard for social landlords for the period after 2020 “in due course” to help housing associations build.

housing finance

AHF makes £25m loan to south Wales association

06/02/2017 | By Nathaniel Barker

South Wales housing association United Welsh has secured a £25m loan from Affordable Housing Finance (AHF).

Deal

Housing association strikes £85m deal with investment manager

06/02/2017 | By Sophie Barnes

One Housing has borrowed £85m to build 1,450 homes in a long-term deal with investment manager M&G Investments.

merger

Guinness and Wulvern merger completes

01/02/2017 | By Sophie Barnes

The merger between The Guinness Partnership and Wulvern Housing has completed.

Helen Rourke Trafford Housing Trust social housing finance

Why we embarked on a £275m refinancing deal

01/02/2017 | By Helen Rourke

Trafford Housing Trust’s director of finance, Helen Rourke, explains the thinking behind the major deal announced last week

Benefit cap

Scottish councils warn lower benefit cap putting pressure on DHP budgets

31/01/2017 | By Sophie Barnes

A number of Scottish councils have warned they may not be able to afford the full cost of Discretionary Housing Payments to cover tenants’ rent in the future because of the new lower benefit cap.

loan mortgage lending

CML backs HCA's independent regulator plans

30/01/2017 | By Tim Clark

The Council of Mortgage Lenders (CML) has said it supports plans to establish an independent regulator for the sector.

rates fall low interest cost bond finance

Moody's corrects ratings for £105m bond after accidental downgrade

30/01/2017 | By Tim Clark

Financial ratings agency Moody’s has upgraded a £105m secured bond issued by Places for People after admitting to a rare admin error last June.

funding

Giant higher education pension fund invests in supported housing

30/01/2017 | By Pete Apps

A construction company has launched a joint venture with one of the UK’s largest pension funds to build a £200m portfolio of supported housing.

Clanmil and Hearth complete takeover

Clanmil and Hearth complete merger

24/01/2017 | By Tim Clark

A Northern Irish housing association has completed its merger with a small association specialising in conservation.

merger

New Charter and Adactus in talks over 33,000-home merger

24/01/2017 | By Nick Johnstone

New Charter Group has entered talks with Adactus Housing Group which would lead to the creation of a 33,000-home landlord.

Deal

Trafford strikes £275m funding deal

24/01/2017 | By Nick Johnstone

A Manchester-based housing association has struck a new £275m funding deal with two banks and two institutional investors, replacing a previous £145m facility.

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Symphony and Cobalt agree to de-merger

23/01/2017 | By Tim Clark

Two housing associations in the North West have agreed to a ‘de-merger’ as one of the small members of a group leaves.

Deal

Cheyne Capital buys £51.8m Croydon portfolio

20/01/2017 | By Nick Johnstone

The Cheyne Social Property Impact Fund has purchased a 338-unit portfolio of residential properties in Croydon, thought to be worth £51.8m.

development

German bank to fund Manchester PRS scheme

16/01/2017 | By Pete Apps

A German bank has agreed to provide an £85m loan to fund a large private rented sector development in Manchester.

Paragon issues £250m bond

AHF secures £114.8m record low bond

12/01/2017 | By Nick Johnstone

Two housing associations have secured a £114.8m bond at a record low rate under the government’s guaranteed finance scheme.

merger - big fish swallows little fish

PfP to take over Derwent treasury

11/01/2017 | By Nick Johnstone

Derwent Living will see its treasury affairs fully taken over by Places for People, after it joined the group following a regulatory downgrade for its finances.

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Scottish Government announces £1.65m funding for housing support

09/01/2017 | By Sophie Barnes

The Scottish Government has announced the recipients of £1.65m of funding for homeless services and housing providers working with vulnerable people.

merger

Derwent Living merger with PfP completed

06/01/2017 | By Nick Johnstone

Places for People Group has completed its merger of Derwent Housing Association, making Derwent a subsidiary of the larger housing association.

Elderly woman receiving care at home

Councils to build specialist affordable rented homes with government cash

06/01/2017 | By Sophie Barnes

Councils that were awarded the largest pots of funding from the government’s Shared Ownership and Affordable Homes Programme will spend the money largely on affordable rented homes in the supported housing sector.

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Revealed: tenure breakdown for Affordable Homes Programme

06/01/2017 | By Sophie Barnes

The government has revealed the tenure breakdown of the homes that will be funded by part of its Shared Ownership and Affordable Homes Programme.

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Moody's warns credit rating

EMH Group keeps stable credit rating

06/01/2017 | By Sophie Barnes

An East Midlands-based housing association has kept its A+ rating from Standard & Poor’s (S&P).

house building

Bidding open for government's affordable housing programme

05/01/2017 | By Sophie Barnes

The government has opened the bidding process for its beefed-up affordable housing programme, with the majority of funding still expected to deliver homeownership products.

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signing contract deal

Civitas buys £15m supported living portfolio

03/01/2017 | By Nick Johnstone

Civitas Social Housing, the pioneering Real Estate Investment Trust, has today announced the acquisition of a £15m portfolio of 17 supported living properties.

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Extra care scheme, Manchester

County council plans 600 extra care homes

21/12/2016 | By Sophie Barnes

A county council is pushing ahead with plans to deliver 600 extra care homes as the pressures on adult social care eat into its budget.

funding

Successful bidders for learning disability housing fund announced

20/12/2016 | By Luke Barratt

Councils from Cornwall to Tyneside have won a share of a £25m pot to help people with learning disabilities live independently.

Moody's warns credit rating

Association's top credit rating affirmed by agency

16/12/2016 | By Pete Apps , Clare Mullooly

A housing association based in west London has had its high credit rating affirmed, meaning it becomes the joint best rated association in the country.

Scottish parliament

Scottish Government announces rental income guarantee scheme

15/12/2016 | By Sophie Barnes

The Scottish Government will develop a rental income guarantee scheme to kick-start delivery of private rented sector homes “at scale”, it has revealed in its draft budget for 2017/18.

A2 Dominion issues £150m retail bond

Wembley PRS scheme benefits from £39.4m bond

15/12/2016 | By Nick Johnstone

A private rented sector scheme in Wembley has become the latest recipient of bond money secured under the £3.5bn Private Rented Sector Housing Guarantee Scheme.

housing finance

Civitas Social Housing REIT lands £65m debut purchase

15/12/2016 | By Nick Johnstone

Ground-breaking social housing investor Civitas Social Housing PLC has today announced its first deal – the £65m purchase of a portfolio of supported living properties on leases of 25 years.

merger - big fish swallows little fish

Alternative merger guidelines published

14/12/2016 | By Nick Johnstone

Consultancy the Housing Quality Network has published a long-awaited report, setting out alternative guidelines for housing associations involved in mergers.

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European Commission

Notting Hill seeks £200m EIB loan

14/12/2016 | By Nick Johnstone

Notting Hill Housing Trust is awaiting approval of a £200m loan from the European Investment Bank (EIB), to fund around 1,000 homes across a number of new build affordable rented projects.

repairs

Council signs off on repairs joint venture with Wheatley Group

13/12/2016 | By Sophie Barnes

Glasgow City Council has made the largest housing association in Scotland joint owner of the council’s building service department.

CHief executive, Sovereign

More affordable homes for merged association

12/12/2016 | By Sophie Barnes

A newly merged housing association is to prioritise affordable housing as it scales up its development plans.

Paragon issues £250m bond

Scottish landlord takes £5m loan from social investor

09/12/2016 | By Simon Brandon

Dumfries & Galloway Housing Partnership (DGHP) is set to build 80 new affordable homes with a government-backed £5m, 10-year loan from a social investment charity.

Essential Living

Essential Living secures £60m loan for modular housing

09/12/2016 | By Mark Smulian

Developer Essential Living has secured a £60m loan facility for what it believes is the UK’s first modular build-to-rent scheme.

scotland

Deregulation in Scotland 'credit negative'

09/12/2016 | By Simon Brandon

Plans by the Scottish Government to weaken social housing regulation will be credit negative, the chair of the Scottish Housing Regulator has warned.

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L&G raises £170m for build-to-rent investment

08/12/2016 | By Mark Smulian

Legal & General has raised a further £170m from institutions for its build-to-rent fund, taking its total investment in this field to around £1bn.

Chief executive, Family Mosaic and Chair, G15

Sarsfield: social housing commitment drives merger ambition

07/12/2016 | By Pete Apps

Peabody and Family Mosaic’s merger plans were driven by a joint commitment to providing low-cost rental units, the designate chief executive of the new organisation has said.

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Large London associations announce latest mega-merger plans

07/12/2016 | By Mark Smulian

Peabody and Family Mosaic housing associations have announced plans to merge to create a giant 55,000-home landlord.

loan mortgage lending

Digital bank enters shared ownership market

07/12/2016 | By Simon Brandon

A UK-based digital-only bank has become the latest mortgage lender to enter the shared ownership market.

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L&Q to launch £47m supported housing subsidiary

06/12/2016 | By Nick Johnstone

L&Q is planning a return to the supported accommodation sector with a new subsidiary called L&Q Living, which will manage more than 6,600 homes.

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