Inside Housing
Finance
Stories with this category.
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Aberdeen suspends the right to buy for 10 years
24/05/2012
A council in Scotland has agreed to suspend sales of its homes through right to buy for up to 10 years to safeguard its stock.
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LSVT raids bond market for £225m
24/05/2012
A stock transfer housing association has refinanced its entire debt pile after raiding the capital markets for £225 million.
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MP to continue fight against ‘legal loan sharks’
24/05/2012
An MP campaigning for tougher controls on payday lending has vowed to take her fight to the House of Lords after MPs rejected her plans.
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Direct payment could double rent arrears
23/05/2012
Housing associations are anticipating rent arrears could double as a result of moves to pay housing welfare payments direct to tenants.
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Southwark Council agrees to first self-financing TMO
23/05/2012
A tenant management organisation in London is set to become the first to keep its rental receipts following council self-financing reforms.
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Think tank calls for local cash to fund regeneration
23/05/2012
Local authorities should be able to lead local regeneration with community budgets, according to a new report.
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Social landlords sign up with retrofit finance body
23/05/2012
A host of social landlords have joined the Green Deal Finance Company which has now doubled its membership since it was incorporated in March.
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Welsh Government to help first-time buyers
22/05/2012
The Welsh Government will provide guarantees for mortgages for first-time buyers, the Welsh finance minister will announce later today.
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£200m Scots bond planned
22/05/2012
A new Scottish bond aggregator is set to launch a debut £200 million bond issue in November, with around 20 social landlords due to take part.
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Builder wins first stand-alone repairs deal
22/05/2012
A house builder has won its first stand-alone social housing responsive repairs contract as it seeks to diversify its business.
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Wales plans to end family homelessness
21/05/2012
The Welsh Government has unveiled plans to end family homelessness by 2019 in its housing white paper published today.
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Mitie's turnover increases 6%
21/05/2012
Mitie has announced turnover of more than £2 billion and increased operating profit.
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Birmingham signs £6.7m affordable homes deal
18/05/2012
Birmingham Council has become the third local authority – and first outside London – to sign its contract under the Homes and Communities Agency’s £1.8 billion affordable homes programme.
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No panacea
18/05/2012
This week, your intrepid business correspondent braved a hazardous sea crossing and explored hitherto unchartered parts of the globe to visit the self-build pioneers of Holland.
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Court ruling could force rethink on bedroom tax
18/05/2012
The government could be forced to make changes to its controversial bedroom tax policy following a Court of Appeal ruling this week.
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Fit for the future
18/05/2012
Housing providers are pushing boundaries to address the challenges facing the sector, but they must tread carefully
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Grainger to launch social housing arm
18/05/2012
The UK’s largest listed private landlord is set to join the wave of for-profit social housing providers.
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HCA to trial self-build with five pilots and £30m fund
18/05/2012
The Homes and Communities Agency is set to release a series of pilot land parcels for self-build projects as part of a government push on the low-cost development model.
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Helena loses £6m tax appeal
18/05/2012
A stock transfer housing association has lost an Appeal Court case against a multimillion-pound tax bill.
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Landlords to float on stock exchange
18/05/2012
A consortium of 10 housing associations is to list a company made up of 10,000 social homes on the junior London stock exchange in September.
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Performance review
18/05/2012
The HCA’s new regulatory regime will focus on landlords’ governance and financial viability. Ian Davis and John Maton from Trowers and Hamlins explain.
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Private sector rents rose by 0.5% in April
18/05/2012
Private rents in England and Wales went up by 0.5 per cent during April, while arrears topped £300 million, according to figures from lettings agency LSL Property Services.
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Right to buy letter under fire for ‘irresponsibility’
18/05/2012
The government has been accused of irresponsibility in its attempts to promote the right to buy policy.
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Simplified green regulations proposed to cut build costs
18/05/2012
Social housing developers in Northern Ireland could be allowed to abandon ‘complicated’ green building regulations in favour of a simpler system under plans to save money on building homes.
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The heart of the matter
18/05/2012
Ruth Cooke may have taken on the chief executive’s role at Midland Heart, but, as Gavriel Hollander finds out, she plans to put her employees at the centre of decision making.
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Four hundred people sign up to Newbuy
17/05/2012
The government’s flagship mortgage indemnity scheme for buyers of new-build homes has passed a milestone.
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£25bn further welfare cuts? 'Froth'
17/05/2012
Lord David Freud has dismissed reports that the prime minister is considering £25 billion of further welfare cuts as ‘froth’.
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Kier on track following contract wins
17/05/2012
Kier has reported it is on track to meet its 2012 expectations after securing more than £400 million of construction work over the past five months.
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Report calls for new generation of garden cities
17/05/2012
Local and national government should help to unlock land for a new generation of garden cities by reducing the risk for investors, according to a report published today.
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Housing stalwart gets policy review brief
16/05/2012
Housing stalwart and former Inside Housing columnist Jon Cruddas is to co-ordinate Labour’s policy review.
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Bovis expects profit rise after strong start to 2012
16/05/2012
House builder Bovis Homes is predicting increased completions and higher profits for 2012 after a strong start to the year.
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Councils get more time to spend right to buy cash
15/05/2012
The government has relaxed rules on how councils must reinvest money from the reinvigorated right to buy following criticism.
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Fifth lender joins government mortgage scheme
15/05/2012
A fifth bank has joined the government’s mortgage indemnity programme for buyers of new-build homes.
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Self build groups in line for £30m of funding
14/05/2012
Grant Shapps has announced a £30 million pot to promote self-build will go to groups building homes at the same time.
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Welsh government sets 12,500 home building goal
14/05/2012
The Welsh government has set a target of building 12,500 new homes in the country by 2016.
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Mears' social housing business going strong
14/05/2012
Mears has today announced strong social housing revenues after starting eight new contracts since the start of the year.
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£1.8m to tackle 'beds in sheds'
14/05/2012
The government has announced £1.8 million of funding to help councils tackle the problem of ‘beds in sheds’.
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Landlords warned of increased borrowing risks
14/05/2012
Housing association boards need to understand the risks they are taking as raising finance becomes more challenging for the sector, a senior regulatory figure has warned.
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Organised chaos
11/05/2012
The second law of thermodynamics and the financing of new housing are not, at first glance, subjects that lend themselves to easy analogy. But bear with me for a moment…
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Wakefield builds own homes
11/05/2012
Wakefield and District Housing has become the latest landlord to embark on a self-build project using its own workforce.
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Building on the EU model
11/05/2012
Sharing good practice across Europe can help us deliver affordable housing
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G15 hits back at IDS attack on dog track plans
11/05/2012
The chair of the G15 umbrella group has hit back at Iain Duncan Smith’s attack on a housing association for failing to include social rented homes in a proposed new development.
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Landlords sceptical about green deal
11/05/2012
Social landlords believe the government’s flagship retrofit scheme will be unpopular with their tenants.
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Outsourcing model to fund new build
11/05/2012
A new repairs outsourcing model has been developed that could increase the borrowing power of councils and finance new house building projects.
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Work scheme fails homeless
11/05/2012
The government’s flagship work programme has been accused of failing homeless people as another homelessness charity pulled out.
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Backing for MPs call to lift council debt cap
10/05/2012
Councils and housing bodies have backed the call from a group of MPs for the government to reconsider the local authority borrowing cap.
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CML: Repossessions stabilised
10/05/2012
The numbers of repossessions of properties have stabilised, according to the Council of Mortgage Lenders.
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Landlord secures rating to seek institutional funds
10/05/2012
A housing association believes it can attract direct investment from pension funds and life insurance companies after securing a credit rating.
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NIHE stock needs £1bn
10/05/2012
Housing belonging to the Northern Ireland Housing Executive needs at least £1 billion of investment to bring it up to standard, according to the organisation’s chief executive.
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Barratt ups building goal after strong start to 2012
10/05/2012
Barratt Developments has increased its forecast for the number of homes it will build this year following a strong start to 2012.
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Housing 'left out of Queen's speech'
10/05/2012
The Queen’s speech has provoked mixed reaction from the sector as housing was largely left out of the government’s priorities for the next parliamentary session.
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Scottish landlord to test direct payments
09/05/2012
A Scottish landlord will take part in a pilot project to test the direct payment of housing benefit to tenants, it has been announced.
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Builder reports growing interest in housing market
09/05/2012
Galliford Try has reported that buyers are returning to the housing market and mortgage availability appears to be improving.
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Finance report fuels right to buy concerns
09/05/2012
A report from a cross-party group of MPs has raised doubts over the viability of the coalition’s reinvigorated right to buy programme.
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Scottish councils to get £582m to build green homes
08/05/2012
The Scottish Government has today pledged £582 million to councils to build affordable homes, with those producing greener homes receiving larger subsidies.
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Housing market slows as economic fears grow
08/05/2012
Surveyors have revised their housing market expectations to predict further price falls after a brief spell of optimism last month.
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Vampire diaries
08/05/2012
The maths involved in the CLG committee’s new report on the financing of new housing supply is depressingly simple.
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Council seals £150m PFI deal to build new homes
08/05/2012
A London council will build more than 300 new homes after finalising a private finance initiative housing project.
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MPs urge government to scrap council borrowing caps
07/05/2012
MPs have called on the government to rethink the ‘unnecessary’ cap on council borrowing as a way to increase investment in new housing supply.
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Long term care bill to rise by £16bn
04/05/2012
The annual cost of long term care in the UK is expected to rise by £16 billion by 2025, according to a report.
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Labour victory in Wales
04/05/2012
Labour has made big gains right across Wales, emerging as the only major winner of the night.
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One week left to complete our development survey
04/05/2012
There is only one week left to fill in Inside Housing’s development survey, being run with H+H, and stand a chance of winning £500 of Marks & Spencer vouchers.
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Affordable housing slashed as L&Q presses on with dog track plan
04/05/2012
Council officers will recommend that a controversial plan to build a housing estate on a former iconic dog track is approved, after slashing the developer’s affordable housing requirement.
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Government defends new heat incentive
04/05/2012
The government insists the delayed roll-out of its scheme to incentivise the use of renewable heat will not suffer from the setbacks to its controversial feed-in tariff scheme for solar power.
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HCA to trial modelling approach
04/05/2012
The Homes and Communities Agency is set to pilot a new approach to development which could cut millions from annual house building and management costs.
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In at the deep end
04/05/2012
What lessons must be learned from the past, as landlords take the plunge on ECO funding? Nick Duxbury and Madeleine Cuff report.
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Tenants show appetite for right to buy
04/05/2012
English councils warn sharp rise in sales will leave them unable to replace much-needed homes, Inside Housing survey reveals
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Alliance Homes sets up free solar scheme
03/05/2012
A housing association is helping cash-poor social landlords defy cuts to government subsidies by installing solar panels with no upfront cost.
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MPs to seek clarification over £43bn historic grant
03/05/2012
MPs will next week call for clarification on the status of historic government grant as a potential means to free up billions of pounds worth of investment in social housing.
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Contractor reports 'solid start' to 2012
03/05/2012
Morgan Sindall has reported a ‘solid start’ to the year, ahead of its annual general meeting today.
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Labour strategy to target private rented sector
03/05/2012
Labour will soon be launching tough proposals for the private rented sector, shadow housing minister Jack Dromey told delegates at a homelessness conference
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New homes for Edinburgh
01/05/2012
Edinburgh Council is seeking a developer for a £80 million contract to build around 800 new homes.
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Contractor denies fresh takeover rumours
30/04/2012
Repairs and maintenance contractor Morrison has again vigorously denied reports that it will be sold to a rival company.
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House prices rise for second consecutive month
30/04/2012
House prices across England rose for the second month in a row in April, according to housing market information company Hometrack.
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Landlord and contractor scrap £45m repairs deal
27/04/2012
Notting Hill Housing Trust and Willmott Dixon Partnerships have agreed to end a five-year repairs and maintenance deal worth £45 million after just eight months.
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HCA panel rejects all calls for consumer regulation
27/04/2012
The new social housing regulator has already rejected 20 complaints about consumer regulation following its creation on 1 April.
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HCA official hints at early date for spending review
27/04/2012
The government might bring forward its next spending review, a Homes and Communities Agency official has said.
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A vote for housing
27/04/2012
Housing finally ignited as a major political issue in the run-up to the London mayoral elections this week. Carl Brown investigates how some of the main contenders plan to tackle the issue
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Boom of the builders
27/04/2012
The government must turn to house building as it seeks to battle back out of recession.
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Great Places gets positive credit ratings
27/04/2012
Great Places has been given strong credit ratings by both Moody’s and Fitch ahead of a potential bond issue later this year.
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Greg Barker brokers retrofit cash crisis talks
27/04/2012
Climate change minister Greg Barker is brokering crisis talks between council bosses and energy companies to save a flagship £350 million sustainability programme.
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LGA criticises ‘unrealistic’ and ‘restrictive’ right to buy plans
27/04/2012
The government’s proposals on how councils can keep and use receipts from future right to buy sales in the local area have been labelled ‘unnecessarily restrictive’ by the Local Government Association.
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New housing projects fail to meet demand
27/04/2012
Housing starts in 2012 will be fewer than half the number needed to meet demand, according to a construction forecast.
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Shapps challenged to prove rent claim
27/04/2012
The leader of Islington Council has challenged housing minister Grant Shapps over his latest claim this week that private rents are falling.
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Striking a balance
27/04/2012
Housing associations can use cash reserves to help spark economic revival - however they must be sensible about doing so
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Report: ‘Build rules must be simplified’
26/04/2012
Procurement processes in the housing sector are ‘onerous and costly’, thanks to overzealous interpretations of European Union procurement rules, according to a report.
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Call for greater clarity over REITs
26/04/2012
The British Property Federation has called for greater clarity from government over the potential relaxation of rules on real estate investment trusts in order to attract new investment into social housing.
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Plans for first Welsh bond scuppered
26/04/2012
Plans for a Welsh social housing bond have suffered a setback after two participating landlords joined a rival bond issue.
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London rents 75 per cent higher than rest of UK
26/04/2012
Private rents in London are 75 per cent more expensive than the rest of the UK, new figures revealed.
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Chink of light
26/04/2012
A small dip in the GDP and suddenly there is an opportunity to put housing back on the agenda.
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Thousands of new homes for Northern Ireland
26/04/2012
Plans to build 4,600 new social homes across Northern Ireland have been announced by social development minister Nelson McCausland.
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Economic argument
26/04/2012
In the last of our series of articles from the leading London mayoral candidates, Boris Johnson sets out his plans for housing
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Public housing starts set to fall 22 per cent in 2012
26/04/2012
Public housing starts are set to reduce by 22 per cent in 2012 and by a further 5 per cent in 2013, according to a forecast by the Construction Products Association.
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Taylor Wimpey positive despite mortgage fears
26/04/2012
House builder Taylor Wimpey has reported a strong start to the year, despite concerns about mortgage availability.
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Construction 'key' as UK enters double dip recession
25/04/2012
The construction industry holds the key to kickstarting the faltering economy, according to leading industry figures.
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Landlord given strong credit rating ahead of bond
25/04/2012
A northern housing association is planning a new bond issue later this this year after having its credit assessed by two leading ratings agencies.
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Builder warns lending rates are hurting Newbuy
24/04/2012
Buyers are being put off the government’s Newbuy scheme by the ‘disappointing’ lending rates on offer, a house builder has warned.
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Johnson targets pension fund investment in homes
23/04/2012
Boris Johnson has pledged to ‘bang the heads together’ of pension funds to try to get them to invest in housing.
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Housing association in biggest bond issue of 2012
20/04/2012
A housing association has issued the most valuable own-name bond in the social housing sector this year.
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Less is less
20/04/2012
Today’s Inside Housing brought with it the perhaps less-than-surprising news that social landlords think they will be able to build fewer subsidised homes if there is less subsidy.
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Acis creates repairs joint venture
20/04/2012
A 5,500-home landlord has launched a joint venture with Willmott Dixon that could see it sell repairs and maintenance services to other social housing providers.
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Contractor refutes sell-off rumours
20/04/2012
The chief executive of Morrison has launched a robust defence of the repairs and maintenance contractor, quashing reports that a string of worries over poor performance and a £12.7 million loss in the first half of the financial year had seen the company put up for sale.
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Developing landlords face extinction
20/04/2012
Landlords will slash the number of affordable homes they build if there is a further cut to government subsidy in the next comprehensive spending review.
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It’s time to pull together
20/04/2012
Politicians may be focused on the upcoming elections, but the housing sector should take a longer view.
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Sanctuary bond raises £300 million
20/04/2012
Sanctuary Housing has become the latest social landlord to access the capital markets with the largest bond issued so far in 2012.
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Surge in interest from buyers on back of Newbuy
19/04/2012
One of the country’s biggest house builders has said it has seen renewed interest from potential home buyers following the launch of the government’s mortgage indemnity scheme.
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Contractors chosen for £300m framework
18/04/2012
A housing partnership has appointed a series of contractors to a £300 million maintenance framework.
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Mayoral candidate plans to offer half price homes
18/04/2012
One of the candidates in the race to become London mayor has promised to create a secondary housing market in the capital with homes for sale or rent at half market rate.
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Anchor to invest £95 million in building scheme
18/04/2012
Housing and care provider Anchor is planning to spend £95 million building three ‘care villages’.
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Builder to report profit boost as sales rise
17/04/2012
House builder Telford Homes has reported increased sales and completions.
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New lender joins mortgage scheme
16/04/2012
A fourth bank has signed up to the government’s Newbuy mortgage indemnity scheme, just weeks after the project came under fire for its failure to attract enough lenders.
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Landlords pick contractor for £12m improvements
16/04/2012
A contractor has won a bid to improve more than 1,000 homes in a deal worth £12 million.
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Private rents expected to rise
16/04/2012
Average private rents in Britain are expected to rise by two to three per cent this year, according to figures released by property analysts Hometrack.
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GLA seeks developers for £5bn procurement panel
16/04/2012
Developers are being sought for a £5 billion procurement panel which aims to provide a boost to house building in London.
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Investors seek revised affordable home definition
16/04/2012
Liberalising the definition of affordable rent in section 106 agreements will encourage investment in the housing sector, according to a group of property industry bodies.
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Ken's conundrum
13/04/2012
The ranks of those people trying to bring institutional investors into the social housing fold were swelled this week by an unlikely source.
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First social housing REIT set to launch
13/04/2012
A new company is set to take advantage of the government’s attempt to open up tax-efficient property investment vehicles in the affordable housing sector by launching the first social housing real estate investment trust.
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Intricate network
13/04/2012
Social housing providers spend billions of pounds outsourcing services, so how can they be sure their chosen sub-contractors won’t run into trouble? Simon Brandon takes a crash course in supply chain risk management to find out
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Plans to raise £200m for energy-efficiency fund
13/04/2012
The Housing Finance Corporation is in talks with the European Investment Bank to create a £200 million investment for up to 20 housing associations to carry out energy-efficiency works.
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Take a longer view
13/04/2012
For-profit registered providers can benefit tenants and investors alike
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Charities fear loss of homelessness cash
12/04/2012
London homeless charities have expressed fears that over £5m of funding allocated to them by the government has been diverted to other areas by Boris Johnson.
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CBI backs move for London mutual fund
11/04/2012
The CBI has backed a move from London’s councils to pool their pension funds in an effort to increase investment in the capital’s infrastructure.
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Construction firm in bid to buy house builder
11/04/2012
Construction firm Bouygues has signed an agreement to buy house builder Thomas Vale subject to approval from the European Commission.
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First-time buyers rush to beat stamp duty holiday
11/04/2012
Demand in the housing market increased in March as first-time buyers took advantage of the final weeks of a stamp duty holiday.
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Contractor agrees £28m regeneration deal
11/04/2012
A contractor has agreed a £28 million deal to deliver more than 200 new homes across regeneration projects on three estates.
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House sales reach three-year high
10/04/2012
House sales in the UK have reached a three-year high, giving an indication that the housing market is picking up.
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Time to take the plunge
05/04/2012
With institutional investors still very much the Holy Grail for housing associations desperately working out how to operate in a grant-restricted world, they could do worse than look to the valleys.
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Broadening its horizons
05/04/2012
Amicus Horizon is in rude health again following an austerity programme. Gavriel Hollander charts its progress.
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Broadway quits debt advice scheme
05/04/2012
A homelessness charity has pulled out of providing debt advice services for vulnerable people in London after changes to funding conditions.
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RCT Homes seeks £1bn investment
05/04/2012
A landlord is launching an ambitious pan-Wales development company to build up to 10,000 affordable homes using £1 billion of institutional investment.
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White paper for Wales
05/04/2012
The Welsh Government’s housing white paper is an opportunity for the country to explore new models of investment.
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We need a big guarantee
04/04/2012
The Big Society Capital could work, but only with guarantees from the government, says Phil Shanks.
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Shapps launches social housing REITs consultation
04/04/2012
Moves to encourage more private investment in social housing were announced by government ministers today.
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Construction firm sees turnover pass £1bn
04/04/2012
A house builder has seen its turnover surge beyond the £1 billion mark after a strong performance in 2011, according to its latest set of results.
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Fed calls for time limit on right to buy replacement
04/04/2012
The National Housing Federation has called on the government to set a fixed time frame for the replacement of homes sold under the right to buy.
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PM to unveil £600m community enterprise fund
04/04/2012
The prime minister is launching a £600 million community investment fund today, financed by leading banks and through money left in dormant bank accounts.
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Handle with care
03/04/2012
The government must ensure right to buy reform doesn’t undermine the move to self financing, argues Clyde Loakes
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Cameron launches reinvigorated right to buy
03/04/2012
The prime minister has formally unveiled the new right to buy scheme for social housing tenants in England which will include an increased discount cap of £75,000.
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London council axes contractor
02/04/2012
A London council has cancelled a multi-million pound repairs and maintenance deal, two months after the contractor was handed a warning to improve its service.
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Fund to tackle homelessness opens for bids
02/04/2012
The second round of a fund to help homelessness projects has opened for bidding today.
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House builder buys land for 425 homes
02/04/2012
A developer is planning to build hundreds of new homes after agreeing to buy 38 acres of brownfield land.
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A force for good
02/04/2012
Council housing self financing has begun, but what will the new era bring? Steve Partridge examines the possibilities
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House prices rise for first time in 20 months
02/04/2012
Increased demand and a scarcity of housing for sale were behind the first monthly rise in house prices for 20 months, according to property analysts Hometrack.
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Landlord signs £347m deal for 2,400 homes
02/04/2012
A deal to build 2,400 homes in Gateshead for a project worth £347 million has been signed by a consortium.
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£270m Growing Places cash allocated
30/03/2012
The government is to release £420 million of cash for local authorities to invest in infrastructure to help boost businesses, jobs and housing.
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Positive thinking
30/03/2012
Well, that was a quiet week on the housing front wasn’t it?
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Housing association in £250m bond deal
30/03/2012
A housing association has raised £250 million through a bond issue and achieved one of the lowest interest rates of any landlord to have tapped the capital markets.
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Councils use new-found freedom to borrow £13bn
30/03/2012
English councils took advantage of historically low interest rates to borrow almost £13 billion of public cash as the self-financing revolution went live this week.
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L&Q and Sanctuary plan bond issues
30/03/2012
London & Quadrant is set to become the latest major social landlord to tap the capital markets after going on an ‘investor roadshow’ to attract interest in what is expected to be a £250 million bond.
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Landlords apply to build schools
30/03/2012
Housing associations in Wales could begin building schools in a bid by the Welsh Government to overcome national borrowing restrictions and raise cash for housing.
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New social homes down 41 per cent on last year
30/03/2012
The number of new social homes registered in the UK has fallen dramatically in the three months to the end of February, revealing a widening gap between the public and private sector.
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Out for a discount
30/03/2012
The raised right to buy discount cap will be a challenge in areas with lower property values
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Ruling hands ALMO £10m
30/03/2012
A landmark legal ruling on solar subsidies will result in a £10 million profit for an arm’s-length management organisation.
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The borrowing bombshell
30/03/2012
The era of self-financing has arrived but council celebrations could be cut short by an ominous threat to their borrowing limits. Should they take cover? Carl Brown investigates
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Government mortgage scheme in crisis
29/03/2012
The government has been forced into emergency talks to save its flagship mortgage indemnity scheme after one of the architects of the project admitted its launch ‘has been far from satisfactory’.
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Contractor cancels £3.8m deal with TMO
29/03/2012
A contractor has terminated a deal to provide repairs and maintenance to a tenant management organisation.
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Lovell wins £5.6m affordable homes contract
29/03/2012
Lovell has won a £5.6 million contract to build a 68-home development for Parkway Green Housing Trust in Wythenshawe, south Manchester.
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Council gives housing stock a £75 million boost
28/03/2012
A council has pledged to invest £75 million in improving its housing stock over the next 10 years.
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Bidding opens for £5bn housing frameworks
28/03/2012
Bidding has opened for a £5 billion series of housing frameworks which have previously procured 23,000 homes.
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Borrowing rates set for councils to buy freedom
28/03/2012
The rates of interest councils must pay on the loans they use to buy their way out of the housing revenue account subsidy system have been set.
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Builder sees 65% surge in profit as sales rise
27/03/2012
A house builder has seen its half-year profit rise by 65 per cent year-on-year on the back of increased sales.
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New standards mark shift to economic regulation
27/03/2012
Social landlords will have to comply with a value-for-money standard as part of a new regulatory framework published yesterday.
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House sales soar as stamp duty holiday ends
27/03/2012
The biggest agent for England’s government-backed shared ownership vehicle has seen completed sales nearly double year on year ahead of the end of the stamp duty holiday.
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Council in bid to let new homes at social rent level
26/03/2012
A council has secured extra grants from the Homes and Communities Agency to ensure that new homes in a proposed regeneration scheme can be let at social rent levels.
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Landlord signs £7m deal to improve homes
26/03/2012
A contractor has won a bid to refurbish more than 600 homes in a deal worth up to £7 million.
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Contractors merge to create £1bn company
26/03/2012
Contractors have merged to create a regeneration and repairs company with a turnover of £1 billion.
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A poor start
23/03/2012
One or two surprises slipped into the battered old red box on Budget day.
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Council awarded cash to help struggling homeowners
23/03/2012
A council has secured thousands of pounds of government funding to help struggling homeowners at risk of repossession.
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Do the maths
23/03/2012
New accounting rules will cause headaches for housing associations
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Landlords: cuts will affect service standards
23/03/2012
More than a fifth of social landlords think they will be forced to lower service standards as a result of government spending cuts.
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Services cut for 46,000 vulnerable people
23/03/2012
More than 46,000 of England’s most vulnerable people have had vital care services scrapped or scaled back after council budget cuts forced the termination of hundreds of support contracts.
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Surpluses double at largest housing associations
22/03/2012
The largest English housing associations’ combined surplus almost doubled last year.
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Call for housing sector to push for unlisted REITs
22/03/2012
The British Property Federation has called on the social housing sector to provide a strong response to a government consultation on real estate investment trusts.
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£3.5bn warning over HRA reforms
22/03/2012
The long-awaited self-financing settlement for councils has been plunged into uncertainty after a watchdog warned the reforms will create £3.5 billion of unexpected public sector debt – prompting a vow from the Treasury to take action.
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Sector responds to Budget
21/03/2012
Organisations from across the housing sector have responded to announcements made by the chancellor during his Budget speech.
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Budget fuels CIH fears for HRA reform
21/03/2012
The Chartered Institute of Housing has raised concerns over reform of the housing revenue account as detailed in the Budget.
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Analysts improve UK growth forecast
21/03/2012
Chancellor George Osborne today revealed that the UK economy is set to grow more quickly than expected this year.
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Building fund needs £150m to reach goal
21/03/2012
The government’s aim to create up to 16,000 homes through its Get Britain building fund would have fallen short by 4,000 homes, the Budget has revealed.
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Government to consult on social housing REITs
21/03/2012
The government will consult later in the year on whether real estate investment trusts can play a role in helping to attract funding into the social housing sector.
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Landlord raises £100 million on bond market
21/03/2012
Hastoe Group has raised £100 million on the bond market.
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Chancellor threatens further welfare cuts
21/03/2012
George Osborne has today raised the prospect of further welfare spending cuts in the next spending review.
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Manchester to set up 7,000 home fund
21/03/2012
Greater Manchester will set up an investment fund for up to 7,000 homes under government plans to hand more powers to England’s biggest cities.
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Osborne commits £420m to local development
21/03/2012
The chancellor has promised an extra £420 million of investment to support local development in his Budget speech.
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Mortgage lending up for 7th straight month
21/03/2012
Year-on-year mortgage lending increased for the seventh month in a row, according to new figures.
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Budget to focus on tax and planning reforms
21/03/2012
Changes to planning policy and any relaxation of rules governing real estate investment trusts are expected to be the key points of interest to the housing sector in today’s Budget.
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Bodies call for help ahead of NPPF and Budget
20/03/2012
Campaigners have called on the government to deliver new planning guidelines which help deliver truly sustainable developments.
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Galliford Try reveals £56 million of contract wins
20/03/2012
Galliford Try has won £56 million of contracts for housing developments across Greater London.
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HCA allocates £570m to stalled housing schemes
20/03/2012
The Homes and Communities Agency has announced the remainder of the schemes that have been shortlisted for the first phase of the Get Britain building fund.
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Contractor reveals increase in turnover
20/03/2012
Mears has today reported a nine per cent increase in turnover in its social housing business.
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Welfare reform fears prompt small rent increase
19/03/2012
A landlord is limiting its rent increase to tenants in preparation for the impact that welfare changes will have.
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House builder backs newbuy scheme
19/03/2012
A major house builder has said it will take part in the government’s mortgage scheme which aims to kick start the housing market.
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Rubber stamp
19/03/2012
So George Osborne will come down ‘like a ton of bricks’ on people who avoid stamp duty by buying homes through offshore companies. What took so long?
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Counting the cost
16/03/2012
Does an increase in lending signal brighter times for housing association finances? Gav Hollander thinks not
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Fear of repossession hitting families
16/03/2012
A homelessness charity has revealed that the fear of repossession is gripping households as more than one family a day has been coming to it asking for help.
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Accounting change sparks concern
16/03/2012
A change in the rules governing the way housing association accounts are reported could result in them having to renegotiate terms with lenders.
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All about the money
16/03/2012
The Budget must support an economic environment where councils can use their new financial freedom to build homes
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An open book
16/03/2012
The government wants to extend the Freedom of Information Act to cover housing associations. So, would the move help tenants hold their landlords to account or waste precious time and money? Lydia Stockdale finds out
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Associations set to join newbuy scheme
16/03/2012
The government’s flagship initiative to kick-start the housing market by offering 95 per cent mortgages could be extended to housing associations as well as house builders.
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Bank on a big change
16/03/2012
Housing revenue account reform means for the first time councils can decide how much to borrow, but they must be on the ball if they are to get the best deal, says Rachel Terry
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Credit where credit's due
16/03/2012
With more housing associations approaching the capital markets for funding, credit ratings agencies hold the key to the sector’s financial future. Gavriel Hollander asks Standard & Poor’s to unlock its secrets
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EU threatens government with house price rise fine
16/03/2012
The UK government could be fined millions of pounds by the European Union if it judges that house prices are rising too quickly, under new rules.
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Experts blast homes ‘giveaway’
16/03/2012
Councils could receive as little as £5,000 per home sold under right to buy reforms, thanks to huge discounts announced this week.
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Housing’s new look
16/03/2012
A year ago Inside Housing launched its State of the Nation series to examine how landlords are adapting to the fast-changing social housing landscape. Martin Hilditch looks back at an unprecedented 12 months
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Landlords look to Osborne to boost investment
16/03/2012
Housing associations and councils have called on chancellor George Osborne to help them access more private sector investment as part of next week’s Budget.
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Revealed: councils’ new borrowing power
16/03/2012
The government’s social housing finance revolution will boost the borrowing power of English councils by a whopping £2.9 billion, analysis of government figures reveals.
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The finance frontier
16/03/2012
On 28 March local authorities will boldly go where they have never been before as a new era of self-financing dawns. Keith Cooper finds out if they are ready for their journey into the unknown.
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The road ahead
16/03/2012
It’s been a long journey down the yellow brick road, but from 1 April a new housing regulator will focus largely on English housing associations’ economic activity. Keith Cooper investigates what this change in policy direction means for the sector.
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Contractor awarded £11m of work
15/03/2012
A housing contractor has managed to secure a series of new deals worth more than £11 million since the beginning of the year.
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Landlord borrowing up 22 per cent
14/03/2012
Social landlords arranged 22 per cent more loan facilities in the last three months of 2011 than in the previous quarter.
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Think tank: landlords can help economy with loans
14/03/2012
The director of an influential think tank has called on housing associations to offer loans to their tenants in order to stimulate the economy.
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Housing benefit recipients near 5 million
14/03/2012
The number of housing benefit claimants has risen to almost 5 million, according to the latest figures.
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Contractor and landlord agree to cancel repair deal
14/03/2012
A contract between a repairs firm and housing provider has been cancelled following reported complaints from residents.
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Housing developer sees drop in social housing sales
14/03/2012
A housing developer saw its social housing completions fall by nearly half while overall turnover was also down 11 per cent.
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Council in £2.5 million housing pledge
14/03/2012
A council is pledging to build at least 210 new homes after agreeing to invest £2.5 million into a development programme.
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Minister calls for innovation to fund new homes
13/03/2012
The Scottish housing minister has pledged to work with local authorities and housing associations to access pension funds and institutional investment to fund house building.
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Landlord seeks contractors for £300m framework
13/03/2012
A landlord is on the lookout for contractors to take part in a £300 million framework to build up to 3,200 new homes.
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Contractor wins £10 million deal
13/03/2012
A leading repairs and maintenance provider has won a five-year council contract worth £10 million.
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House builders call for VAT cut
13/03/2012
House builders have urged chancellor George Osborne to slash VAT ahead of next week’s Budget in order to feed consumer confidence.
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Surveyors more confident on house prices
13/03/2012
Increased interest from first-time buyers could see an end to falling house prices, according to chartered surveyors.
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Shaky start
12/03/2012
If NewBuy really is to be about building new homes rather than just subsidising housebuilders here are 10 questions that need answers.
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Right to buy to cover 30% of new home costs
12/03/2012
The government has set out details of how it intends to ensure a new affordable home is built for every one sold through the revitalised right to buy.
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Councils seek funding freedoms to build homes
12/03/2012
Council leaders are calling on the chancellor to ease restrictions on local authority borrowing to enable them to build more homes.
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Government raises right to buy discounts
12/03/2012
The government will offer increased discounts of up to £75,000 to council tenants who want to purchase their homes when it launches its reinvigorated right to buy scheme today.
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Green Deal Finance Company loan imminent
09/03/2012
The Green Deal Finance Company expects the government’s £3 billion Green Investment Bank to approve a loan within the next two months.
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Privates on parade
09/03/2012
The Homes and Communities Agency’s affordable homes programme is approaching its first birthday.
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35 social housing providers yet to sign contracts
09/03/2012
Nearly a year after the introduction of the Homes and Communities Agency’s affordable homes programme, a number of social housing providers are still to sign contracts.
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Circle to slash repairs cost
09/03/2012
Circle is finalising a trimmed down roster of repairs and maintenance contractors that will produce £120 million of savings as part of a business transformation programme.
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HRA reform prompts wave of stock transfers
09/03/2012
Housing revenue account reform is prompting councils to sell off homes in a new wave of stock transfers.
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Rich pickings
09/03/2012
Social landlords should seek support from a new breed of wealthy philanthropists
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Prime location
08/03/2012
So Edinburgh has won ownership of the Green Investment Bank.
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TSA chair calls for royal commission on housing
08/03/2012
A royal commission should be set up to recommend a 20-year housing strategy, the chair of the Tenant Services Authority has said.
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MPs demand tighter rules for payday loan firms
07/03/2012
MPs have called for tougher regulation of companies that issue short term ‘payday’ loans.
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Providers consider REIT move to fund building
07/03/2012
Social housing providers are considering moving some or all of their stock into real estate investment trusts when the rules on the tax efficient vehicles change later this year.
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Housing association joins rush to bond market
07/03/2012
A housing association has become the latest to tap into the capital markets with a £100 million bond issue.
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Pickles praises LEP’s support for house building
07/03/2012
Eric Pickles has praised local enterprise partnerships that are using government infrastructure funding to support housing developments.
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Incentive payments should help first-time buyers
06/03/2012
Councils should consider using new homes bonus funding to set up schemes to help first-time buyers get on the housing ladder, according to an influential think tank.
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Rating upgraded as landlord responds to TSA fears
05/03/2012
The social housing regulator has upgraded the governance rating of a housing association that had previously been warned it needed to take action to ensure it was being capably led.
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There's no misunderstanding
02/03/2012
Werner Heisenberg’s uncertainty principle is one of the most famously misunderstood scientific theories.
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Council signs £76m deal for 447 homes
02/03/2012
Barking and Dagenham Council has signed a £76 million public-private partnership deal to build 447 affordable homes for local residents.
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CIH calls for rethink on right to buy
02/03/2012
The Chartered Institute of Housing has called for a rethink of the government’s right to buy proposals ahead of an expected announcement on discount levels later this month.
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Landlords defy ratings warning with £325m bonds
02/03/2012
Housing associations have defied this month’s decision by credit ratings agency Moody’s to put the sector on a negative outlook by launching a glut of bond deals.
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Unlocking ambitions
02/03/2012
A year after becoming a housing association, First Choice Homes Oldham is counting its blessings, as Nick Duxbury discovers
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Warning over right to buy risk
02/03/2012
A high proportion of homeowners who were bailed out by the government’s mortgage rescue scheme in the north of England bought their homes under the right to buy.
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IDS in pledge to support social enterprises
01/03/2012
Iain Duncan Smith has pledged to do more to encourage investors to put money into social enterprises in order to ‘reconnect the top and bottom of society.’
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Contractor wins deal with potential value of £190m
29/02/2012
A housing association has awarded a contractor a deal which could be worth up to £190 million over 20 years.
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Dutch landlord financial crisis is a warning for UK
29/02/2012
A financial crisis faced by a large Dutch housing association is a warning for the United Kingdom’s social housing sector, according to experts.
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House builder announces leap in profit
29/02/2012
A house builder has posted a huge increase in operating profit in a financial statement for the year ending 2011.
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Council awards contractor £56 million deal
28/02/2012
A contractor has won a £56 million deal to provide repairs and maintenance to 4,500 homes.
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House builder in £1.9bn shareholder windfall
28/02/2012
The UK’s second-largest house builder has become the latest contractor to post improved profits for 2011 amid signs of green shoots in the construction industry.
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House builder in profit surge
27/02/2012
A house builder has reported a significant rise in turnover and profit for 2011.
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Chief exec calls for transparency to maintain trust
27/02/2012
Housing associations should reveal all expenditure over £500 to maintain the trust of communities, a chief executive has said.
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Landlord issues £250 million bond
27/02/2012
Circle has become the latest housing provider to enter the bond market by issuing a £250 million bond.
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Rating a problem
24/02/2012
The internal workings of those financial oracles known as credit ratings agency have always been shrouded in a degree of mystery.
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OFT launches investigation into payday loans
24/02/2012
The Office of Fair Trading has launched a review of payday loans amid fears that some companies were targeting people who cannot afford to repay them.
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Contractors begin consulting on redundancies
24/02/2012
Contractors which are due to merge have launched a consultation looking into the possible redundancy of hundreds of support staff, it is understood.
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House builder posts revenue increase
24/02/2012
House builder Redrow will not pay a dividend to its shareholders despite an improved financial performance in the second half of 2011.
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Landlords shrug off Moody’s downgrade
24/02/2012
Social landlords believe they can continue to raise cheap money on the bond markets despite a change in their credit rating outlook.
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Playing a political game
24/02/2012
As councils gain more power over housing the subject is becoming a key issue for local elections, says Stuart Macdonald
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The big bang theory
24/02/2012
As local authorities prepare for the brave new world of self-financing, we gather some council heavyweights for a round table discussion on what the future holds. Gavriel Hollander reports.
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Kier revenues hit by local authority cut backs
23/02/2012
Kier has seen a 22 per cent drop in revenue for its maintenance business, which provides services to local authorities and housing associations.
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Services harmed by public spending cuts
23/02/2012
The majority of people working in local government and social housing believe the drive to cut public expenditure is damaging services, a survey has found.
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Landlord seeking new contractors
22/02/2012
A 34,000-home landlord is looking to appoint a series of new contractors for responsive, planned and cyclical repairs.
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Barratt reports 40.5 per cent surge in profits
22/02/2012
House builder Barratt has reported a 40.5 per cent increase in profit for the six months to 31 December 2011.
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Private rented sector review head seeks evidence
22/02/2012
The head of a government review of barriers to large-scale investment in the private rented sector has issued a call for evidence.
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Housing surge boosts construction firm's profits
22/02/2012
An increase in house building helped a construction company post soaring profits for the first half of the year.
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Lovell profits boosted by Connaught contracts
21/02/2012
Lovell has reported a significant increase in profits, which it says has been driven by the transfer of contracts formerly held by stricken rival Connaught.
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Government approves PFI funds for estate overhaul
20/02/2012
The regeneration of a London council estate is to go ahead after the government agreed £150 million of private finance initiative funding.
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Accentuate the positive
17/02/2012
Time for some positivity I think.
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Risky business
17/02/2012
Swan Housing Group became the latest housing association this week to reveal its response to the challenges of a new financial model for housing.
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Rent rise council in £30m housing pledge
17/02/2012
A council is raising rent by 7 per cent but increasing investment in its housing stock by almost £9 million.
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Council to raise rents by almost 7 per cent
17/02/2012
Westminster Council has announced a rent rise of 6.96 per cent at a time when it accepted a government hand out of £1.24 million to freeze council tax, it has been claimed.
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Ratings cut looms as Moody’s downgrades outlook
17/02/2012
Moody’s has downgraded the outlook for creditworthiness of housing associations with credit ratings.
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A joint enterprise
17/02/2012
Local enterprise partnerships are setting the agenda on economic priorities, so why do they have so few housing representatives? Rhiannon Bury visits an LEP in the north east to investigate the vital role landlords can play.
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Building a better future
17/02/2012
The government is making housing the cornerstone of economic recovery, says Grant Shapps
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Erimus enters £5.6m building venture
17/02/2012
A housing association and council are launching an innovative joint venture company to regenerate an area of Middlesbrough abandoned by developers hit by the recession.
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Pinnacle and Mansell in £60m deal
17/02/2012
Woking Council will outsource its housing management to a joint venture between Pinnacle and Mansell Construction.
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Swan to bypass housing regulator
17/02/2012
Swan Housing Group is to set up a new non-registered company to avoid regulation and boost its profit-making activities to deliver its affordable homes programme.
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Council support
14/02/2012
Good news for thousands of people in Birmingham this week, as the council decided not to cut its Supporting People budget by as much as initially proposed.
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Spurs given green light to drop affordable homes
14/02/2012
A council has agreed £400 million regeneration plans which allow a Premier League football club to build a new stadium but drop provision for affordable homes.
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Council awards £60 million repairs contract
14/02/2012
A contractor has been awarded a £60 million deal to provide repairs to thousands of homes.
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£300m investment pledged to council housing
14/02/2012
A council has given the go-ahead for a three-year housing investment programme worth £297 million.
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Council announces rise in rent and housing budget
14/02/2012
Portsmouth Council will put up its rents by less than half the government’s recommended increase - but will raise some service charges instead.
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House sales rise thanks to first time buyers
14/02/2012
First time buyers hoping to beat the holiday on paying stamp duty have helped push house sales up in January, latest figures show.
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Latest stage of £250m regeneration agreed
13/02/2012
The latest phase of a £250 million regeneration scheme which will provide 206 new homes has been given the go-ahead.
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£20m fund to support struggling homeowners
10/02/2012
Struggling homeowners at risk of losing their home are to get support from a £20 million government safety net.
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À la John Lewis
10/02/2012
Housing associations can learn from the retailer’s ability to communicate effectively
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Thames Valley eyes private letting plan
10/02/2012
A housing association is using institutional investment to set up a subsidiary that will buy 1,000 homes for private rent.
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Repossessions at lowest level since 2007
09/02/2012
Home repossessions are at their lowest level since 2007, according to data published today.
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MP seeks slice of £9bn EU regeneration fund
08/02/2012
Social landlords should pressure the government to spend some of the annual £9 billion which is allocated to European Union projects on regeneration in the UK instead.
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Contractor wins 8,000 home repairs deal
08/02/2012
A contractor has won a bid to provide responsive repairs to 8,000 homes in a £10 million deal.
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£3bn funding package for London housing finalised
07/02/2012
The government has finalised a £3 billion funding package for housing and regeneration in London.
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Sales and completions boost for house builder
07/02/2012
Bellway has reported an increase in sales and a higher proportion of private completions.
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Landlord agrees £40m deal to help redevelopment
07/02/2012
A stock transfer housing association has agreed a £40 million package to help fund 522 new homes in South London.
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The rate debate
03/02/2012
There is always a chance it passed you by, but this Wednesday was D-day for local authority housing finance bods.
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Adactus first to net HCA’s early payment
03/02/2012
A northern housing association has become the first to benefit from the Homes and Communities Agency’s pledge to offer early payments for early-start projects under its affordable homes programme.
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Building landlords get Edinburgh loan boost
03/02/2012
Edinburgh Council plans to kickstart mothballed housing developments across the city by borrowing money at cheap rates and loaning it to housing associations.
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Councils angry at regeneration funds claim
03/02/2012
Councils have hit back at claims that they misspent government money earmarked for regeneration schemes on major demolition projects.
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Councils demand risk-free borrowing
03/02/2012
Councils are holding detailed talks with the Treasury in a bid to prevent them falling foul of movements in the money markets when they raid government coffers for loans next month.
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Keep it local
03/02/2012
England’s housing minister Grant Shapps has gotten himself into something of a mess.
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Newcastle vows to fight rent increases
03/02/2012
Newcastle Council is expected to launch a campaign to persuade the government to limit huge rent rises for tenants across the country.
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Sanctuary creates non-profit offshoot
03/02/2012
England’s largest housing group has registered a new non-profit company to allow it to build more housing by avoiding restrictive clauses in existing loan agreements.
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Right to buy likely to fail says report
02/02/2012
The government’s attempt to re-ignite right to buy sales by increasing the discounts available to tenants will fail to deliver the promise of one for one replacements, according to a property analyst.
-
High rents prompt concerns over HRA debt figures
02/02/2012
Councils have objected to the rent figures used in the final calculations for the payments they will have to make or receive as part of the move to self financing.
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Shapps: housing is central to economic recovery
01/02/2012
The housing minister has told councils and housing associations that building new homes will be central to improving the country’s economy.
-
Bank predicts house builder recovery
31/01/2012
An investment bank has provided a timely boon to the house building market by recommending investors buy shares in leading contractors.
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Contractor targets growth thanks to order book
31/01/2012
A major contractor has reported that its revenues and earnings are progressing as expected following a good start to the year.
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Uncertainty in house market keeps prices flat
30/01/2012
House prices have not increased for 18 months, according to data published by Hometrack today.
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No more begging bowl
27/01/2012
Writing about housing finance whilst in the grips of recession can sometimes feel like a thankless task.
-
New bond raises £40 million
27/01/2012
Places for People has raised £40 million from investors after officially launching a new retail bond.
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Strong interest reported for landlord's £88m JV
27/01/2012
A landlord has reported strong interest from potential partners to create an £88 million joint venture company.
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Associations sign £32m repairs deal
27/01/2012
A consortium of housing associations has signed a landmark agreement to procure repairs and maintenance services across Scotland.
-
Forward thinking
27/01/2012
This year’s UK Housing Review by the Chartered Institute of Housing takes a look at how coalition government policies are affecting housing trends. Here, Hal Pawson, Steve Wilcox and John Perry give the lowdown on the report
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High ratings for landlords
27/01/2012
More housing associations are set to go into the capital markets after a raft of recent credit ratings.
-
Property fund to help homeless
27/01/2012
A homelessness charity has joined forces with a fund manager to launch a property fund to invest in homes.
-
QSH to raise £250m for rent-to-buy plan
27/01/2012
A new private company has targeted £250 million of private investment in rent-to-buy affordable home properties, ahead of the potential launch of a real estate investment trust.
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Do not pass go
26/01/2012
What I write here is my personal view as an Occupier. There are many views, all treated with respect. This is an inherent principle of the movement.
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£77m deal signed for 350 homes
20/01/2012
A £77m Private Finance Initiative contract for 350 homes has been signed in West Wiltshire following government approval.
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A fast buck
20/01/2012
The secret that the financial gurus don’t tell you is that there is a whole lot of luck involved in what they do.
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Council approves rent rise of almost 10 per cent
20/01/2012
Rotherham Council has approved a recommendation for an inflation-busting rent rise of 9.45 per cent - one of the biggest hikes anywhere in the country.
-
Eurozone crisis drives up loan price
20/01/2012
The price of bank loans to the social housing sector has shot up on the back of the deepening eurozone economic crisis.
-
Missing contractual targets
20/01/2012
Housing benefit caps could put landlords providing rent collection services at financial risk says, David Isaacson, director at Cobbetts
-
Morrison in £12.7m loss
20/01/2012
Housing repairs and maintenance contractor Morrison suffered significant losses in the first six months of the 2011/12 financial year, after seeing a sharp downturn in its high-value work.
-
Orbit secures £150m in loans
20/01/2012
Orbit Group has arranged two new bank loan facilities totalling £150 million.
-
THFC issues £131m bond
20/01/2012
The Housing Finance Corporation has issued a £131 million bond on behalf of ten housing association borrowers, breaking the 5 per cent yield barrier.
-
KPMG defends earnings from Connaught collapse
18/01/2012
An accountancy firm has defended itself after it was reported to have earned £6.4 million from the collapse of failed contractor Connaught.
-
Group secures 100% of affordable rent bid
18/01/2012
A housing association has been awarded £10.7 million from the Homes and Communities Agency under the affordable homes programme.
-
Taylor Wimpey forecasts 75% surge in profit
17/01/2012
Taylor Wimpey is expecting to report a 75 per cent increase in operating profit next month.
-
Merger set to go-ahead in February
16/01/2012
A merger between two contractors is expected to take place in February after it was given the green light by the Office of Fair Trading.
-
Bovis social housing completions up by a third
16/01/2012
A leading house builder has announced a sharp increase in social housing completions for 2011.
-
Winners and losers
13/01/2012
During the early months of what feels like the never-ending recession, one of the oft-repeated idiosyncrasies was that it didn’t feel like a recession.
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House prices edge up in December
13/01/2012
House prices in England and Wales edged up slightly in December, according to a new survey from LSL Property Services.
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Crossing the line
13/01/2012
The government should be putting its money into homes, not high-speed vanity projects, argues Stuart Macdonald
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SALE! (while stocks last)
13/01/2012
The government hopes a renewed push on the right to buy will trigger a building boom. Gavriel Hollander examines the latest proposals and asks whether they can deliver
-
Audit office to investigate affordable rent scheme
12/01/2012
Scrutiny will be cast over the financial viability of housing providers taking part in the Homes and Communities Agency’s affordable homes programme after the National Audit Office launched a probe into the £1.8 billion scheme.
-
Places for People launches second UK retail bond
12/01/2012
Places for People is tapping up retail investors on the bond market for the second time in seven months to help fund its capital expenditure programme.
-
Public body fears hold back subletting plans
12/01/2012
The government is holding back from giving housing associations the same powers to tackle subletting as local authorities due to fears over their status.
-
Housing associations get credit union boost
12/01/2012
Changes to legislation surrounding credit unions will make it easier for housing association tenants to borrow money and use credit services.
-
Barratt profits rise 40 per cent as margins improve
12/01/2012
House builder Barratt has reported a 40 per cent increase in profits for the six months to 31 December 2011 compared with the equivalent period of 2010.
-
Record housing completions for house builder
11/01/2012
A house builder has revealed that it has delivered a record number of housing completions and that it is on track to meet expectations for the financial year.
-
Housing market hurt by eurozone instability
10/01/2012
Housing sales remained stable during December and an increasing amount of new stock came onto the housing market, according to the latest RICS UK housing market survey.
-
Contract wins boost 2011 trading for Mears
10/01/2012
Mears has announced £156 million of social housing contract wins, and said trading for 2011 was as expected.
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House builder expects 50% rise in profits
09/01/2012
Leading house builder Persimmon has said it is expecting its annual results next month to reveal an increase in pre-tax profit of 50 per cent.
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Right to buy extension could generate £68bn
06/01/2012
Extending the right to buy to all housing association tenants could be worth more than £68 billion to the UK economy, according to Home Group.
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Association buys up 150 flats for private rent
06/01/2012
Glasgow Housing Association has acquired 150 flats in a £14 million deal to shore up its social housing business.
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Back in fashion
06/01/2012
Looking to the 1980s for housing policies might not be as straightforward as the government thinks, says Gav Hollander
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Councils fear RTB won’t deliver homes
06/01/2012
Fears are growing among local authorities that government plans to increase right to buy discounts will fail to deliver replacement homes.
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FSA axes 25-year mortgage rule
06/01/2012
Housing providers and lenders have welcomed a watering down of plans to tighten lending regulations by the government’s financial watchdog.
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NHF: ‘government inflated cost of benefit defeat’
06/01/2012
The government’s claim that its ‘bedroom tax’ defeat will cost taxpayers around £300 million in lost savings has been disputed by the National Housing Federation.
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Rent control
06/01/2012
The government must reduce the emphasis on homeownership and make renting a more attractive option, says Jon Cruddas
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Rule change
06/01/2012
Landlords must prepare for big changes in the way they are regulated, says Ruth McNaught
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The end of the world as we know it?
06/01/2012
How will the social housing sector fare in 2012? Jess McCabe gathers a round table of industry experts to get their predictions.
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The year ahead
06/01/2012
Stuart Macdonald takes a look at what 2012 could bring for the housing sector
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Funding for 600 Traveller pitches announced
05/01/2012
More than 600 new pitches for Gypsies and Travellers will be delivered in England by 2015 after the Homes and Communities Agency announced £47 million of funding.
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House in order
04/01/2012
As nice as the festive break was, there is one strong reason to be happy to be back at work.
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Building society lending hits two-year high
04/01/2012
Home buyers are increasingly turning to building societies for their mortgages after lending by mutuals hit its highest level for two years recently.
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Charity investor funds housing provider
03/01/2012
A specialist charity investor has injected £400,000 into an organisation that provides housing access for vulnerable people.
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First-time buyer numbers hit record low
29/12/2011
The number of first-time buyers has hit a record low despite improvements in affordability, according to the Halifax.
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Twitter ye not
23/12/2011
It didn’t escape the attention of the housing world’s twitterati that Grant Shapps was unusually reticent over one particular policy initiative yesterday.
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Firm chosen to run government mortgage scheme
23/12/2011
A consultancy specialising in risk management has been appointed to run the government’s mortgage indemnity guarantee scheme.
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Landlord sets up for-profit subsidiary
22/12/2011
An Edinburgh housing association has set up a for-profit subsidiary to provide homes for intermediate rent.
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Mears funds growth plans with £120 million loan
21/12/2011
Mears Group has agreed a £120 million refinancing with two of its major relationship banks to support its growth plans.
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What's missing?
20/12/2011
So has the FSA done enough to guard against a future mortgage crisis without being so heavy-handed that it makes it impossible for many people to get one now?
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Financial institutions pour billions into housing
20/12/2011
British banks and insurers are investing in the country’s housing stock to make the most of rising rents away from the unstable market elsewhere.
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FSA reveals proposals for regulation of mortgages
19/12/2011
Watchdog the Financial Services Authority has today published its proposals to regulate the mortgage market.
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Timing is everything
16/12/2011
Poor old Danny Alexander.
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Sale of homes in mixed tenure sites 'subdued'
16/12/2011
Constraints on mortgage availability are hitting the sale of homes in mixed tenure sites, a contractor has announced.
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Annus horribilis
16/12/2011
The past 12 months have been tough for social landlords and there are more challenges ahead
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Birmingham wins £92m HRA debt cut
16/12/2011
When the Communities and Local Government department issued its latest indicative settlements as part of the review of the housing revenue account system, Birmingham was one of the clear winners.
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Lack of housing funds criticised
16/12/2011
Social housing providers in Scotland have been left underwhelmed by plans to regenerate deprived areas of the country.
-
Review of the year
16/12/2011
What a year. From the economic doom and gloom to the summer’s riots, social landlords have had their work cut out over the past 12 months. Here, Inside Housing looks back at the highs and lows
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Stoke invites bids for £108m PFI scheme
16/12/2011
Bidders for one of the last social housing schemes to be delivered through the controversial private finance initiative are expected to submit their proposals next week.
-
Councils urged to be new force in house building
15/12/2011
Councils have been challenged to take advantage of their increased independence through self-financing reform by investing in the building of new homes.
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Government tries to calm fears over borrowing
14/12/2011
Danny Alexander, chief secretary to the Treasury, has moved to allay fears that councils will be slaves to the money markets when they borrow to meet the extra debt burden forced on them through self financing reforms.
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The lessons of RBS
14/12/2011
The housing sector should learn from the report into the collapse of Royal Bank of Scotland, says Colin Wiles
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Economic fears cut housing association borrowing
14/12/2011
New borrowing by housing associations has fallen by a third as the sector responds to difficult economic conditions and government policy changes, according to the Tenant Services Authority.
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Seize the moment
13/12/2011
The reform of the housing revenue account could be a missed opportunity if councils aren’t given more freedom, argues Alex Thomson
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Making the case for housing
13/12/2011
Establishing the wider benefits of good housing is critical to meeting the challenges faced by the sector, says David Williams
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Demand for homes grew in November
13/12/2011
Buyer demand for property in the UK rose during November, but economic uncertainty continues to hold the market back from any meaningful recovery, according to the latest UK housing market survey.
-
Money for nothing
12/12/2011
Anyone who frequented football in the 1980s will be aware of the popularity of Dire Straits among players of a certain vintage.
-
Mortgage boost for first-time buyers
12/12/2011
Mortgage payments for first-time buyers are at their most affordable for nearly eight years due to low interest rates, according to the Council of Mortgage Lenders.
-
Housing market ‘resilient’ despite economic fears
09/12/2011
House builder Bellway has reported the market is proving ‘remarkably resilient’ to problems in the wider economy.
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£400m building fund mainly a loan
09/12/2011
The government’s £400 million fund to unlock a wave of English house building projects is unlikely to include a significant amount of grant money, it has emerged.
-
Lending laws
09/12/2011
Follow these simple rules to ensure negotiations with lenders go smoothly, says Nnenna Morah
-
The green deal dilemma
09/12/2011
The exclusion of social landlords from key fuel poverty funds leaves a weak business case for the green deal, as Nick Duxbury discovers
-
The new face of regulation
09/12/2011
In his first interview since being appointed chair of the new housing regulator, Julian Ashby tells Carl Brown what the future holds for the sector.
-
TSA can’t fill key financial posts
09/12/2011
The Tenant Services Authority has been operating without ‘critical’ regulatory staff and is experiencing delays in making regulatory judgements as its transition to the Homes and Communities Agency looms.
-
Councillors doubt HRA reform will boost building
08/12/2011
Local authority leaders have questioned whether the dismantling of the housing revenue account subsidy system will allow councils to start building large numbers of homes.
-
Builder claims mortgage indemnity scheme first
08/12/2011
The house building arm of Galliford Try has claimed the first offering of finance backed by the government’s mortgage indemnity scheme.
-
Contractor has £10m pot to deal with redundancies
07/12/2011
A contractor which recently announced 4,500 jobs were under threat due to cuts to the feed-in-tariff, has put aside £10 million to deal with the ‘downsizing.’
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Shapps defends end of stamp duty holiday
06/12/2011
Housing minister Grant Shapps has defended the government’s decision to end the stamp duty holiday.
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Tax exemption could save associations millions
02/12/2011
A change to VAT regulations, announced in the chancellor’s autumn statement earlier this week could save housing associations tens of millions of pounds.
-
Delayed reactions
02/12/2011
Market traders appear to have been the only people surprised by the chancellor’s autumn statement, says Gav Hollander
-
Councils broach mortgage market
02/12/2011
A growing number of councils are looking to become mortgage lenders in a bid to enable first-time buyers to get on the property ladder.
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Special needs investment vehicle secures £20m
02/12/2011
A former social worker has secured £20 million of bank funding to set up a new company to provide special needs housing.
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Council agrees £113 million PFI deal
01/12/2011
One of the last remaining social housing schemes to be funded by the private finance initiatives has moved a step nearer after Oldham Council signed a £113 million deal.
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Private house builders agree affordable rent deals
30/11/2011
Two private sector developers were among the 10 providers to sign contracts with the Homes and Communities Agency last week as part of its affordable homes programme.
-
Borrowing forecasts rise as economy falters
29/11/2011
Chancellor George Osborne has increased UK government borrowing forecasts and reduced growth predictions in his autumn statement today.
-
Nationwide figures buck house price trend
29/11/2011
House prices increased slightly this month, according to figures published today by Nationwide.
-
Housing to gain from £30bn infrastructure fund
28/11/2011
The social housing sector could be in line to benefit from a multi-billion pound government deal to encourage pension funds to invest in infrastructure projects.
-
Hometrack finds house prices continue to fall
28/11/2011
The steady decline of house prices shows no sign of abating, according to the latest survey of the market.
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Under pressure
25/11/2011
Inefficient housing associations will from April have nowhere to hide – that is the strong message from the new regulatory framework published this week.
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Paying your way
25/11/2011
Another week, another major government announcement looms into view.
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Canada Life steps into loan vacuum
25/11/2011
A major institutional investor has pledged to step into the vacuum created by the end of long-term bank lending to the social housing sector.
-
Councils to take on £30bn as HRA debt skyrockets
25/11/2011
Councils have seen the debt burden they are set to shoulder as part of self-financing reforms to the housing revenue account balloon to £29.6 billion.
-
Councils want sales receipts
25/11/2011
Councils will lobby to retain right to buy sales receipts after the government confirmed this was an option in its housing strategy on Monday.
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Something borrowed
25/11/2011
The coalition’s underwriting of mortgages echoes similar measures in Scotland, says David Bookbinder
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Welsh associations increase investment in homes
24/11/2011
Welsh housing associations have increased their investment over the last year by more than 15 per cent, according to a study commissioned by Community Housing Cymru.
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Young people to be frozen out of homeownership
23/11/2011
A ‘transformation’ of the housing market has meant that young people are set to remain frozen out of homeownership, according to a senior adviser at the Bank of England.
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Councils 'must' show build plans to keep RTB cash
23/11/2011
Local authorities have been warned that they must show the government they can build the necessary replacement housing themselves if they want to retain receipts from improved right to buy sales.
-
Procurement alliance for 1,000 landlords launched
23/11/2011
Three social housing buying consortia have joined forces to launch a strategic procurement alliance for more than 1,000 landlords.
-
Council views sought on £29bn debt hand out
22/11/2011
The government has launched a consultation with councils ahead of the introduction of controversial self-financing reforms.
-
TSA sets out fresh approach to regulation
22/11/2011
The social housing regulator has launched a consultation on plans to change the way it regulates landlords.
-
Income to be protected from welfare reform
21/11/2011
Changes to welfare payments for housing costs will not damage the income streams of social landlords, the government has promised.
-
Review to examine bars to institutional investment
21/11/2011
The government will launch an independent review into investment in the private rented sector as it seeks to spark institutional investment.
-
Housing strategy receives mixed reaction
21/11/2011
Reaction to the government’s housing strategy has been mixed with some welcoming it while others have attacked it as being ‘far from radical’.
-
Government launches mortgage guarantee scheme
21/11/2011
The government has pledged to support first-time buyers by offering security on low-deposit mortgages.
-
Cameron unveils ‘radical’ plan to revitalise housing
21/11/2011
Prime minister David Cameron has unveiled the government’s long awaited housing strategy pledging to unlock the housing market and ‘get Britain building again’.
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Housing strategy to be backed by £400m fund
21/11/2011
David Cameron and Nick Clegg will today unveil a £400 million fund to kickstart development schemes which have stalled due to lack of finance.
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HCA affordable homes contracts top £1 billion
18/11/2011
Contracts worth a total of £1.21 billion have now been signed under the affordable homes programme, the Homes and Communities Agency has announced.
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Show us the money
18/11/2011
The word on the block is that the housing strategy’s grand unveiling next week is likely to provide as many questions as answers.
-
Landlord picks contractor for £98m repair work
18/11/2011
A contractor has won a seven-year multi-million deal to provide repairs and maintenance to a major housing association.
-
£3.5bn shared owner plan
18/11/2011
A property investment company plans to unlock up to £3.5 billion of capital per year from the social rented sector by converting 40,000 social homes into shared ownership.
-
Building capacity
18/11/2011
Converting historic housing grant from debt to equity won’t magically solve landlords’ funding problems
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HCA signs £100m funding contracts
18/11/2011
Two of the country’s largest housing associations have signed contracts worth nearly £100 million as part of the Homes and Communities Agency’s affordable homes programme.
-
Landlords plan £500m bond deals
18/11/2011
Some of the largest developing housing associations will try to raise more than half a billion pounds on the bond markets in the coming months.
-
Maintenance spend drops by £4 billion
18/11/2011
Repairs and maintenance spend by social housing providers fell by £4 billion last year, according to research
-
Panel priorities
18/11/2011
Landlords must act fast to salvage what they can from photovoltaic deals before the feed-in tariff is cut, says Rob Beiley
-
Shining stars
18/11/2011
We reveal details of the winners of the 2011 UK Housing Awards
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Who will build them?
18/11/2011
As the government prepares to commit to a 450,000 home building surge, Stuart Macdonald wonders if it will be able to deliver
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Working it out
18/11/2011
Landlords must sweat their assets if they are to get best value from their housing stock but, as Gavriel Hollander learns from a round table of industry experts, there’s more than one way for providers to get financially fit for the future
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Housing association has credit rating confirmed
17/11/2011
Credit rating agency Moody’s has confirmed its A1 rating for Genesis Housing Association and given a stable outlook.
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Demolition won't cut debt
16/11/2011
Housing minister Grant Shapps responds to our report that councils are demolishing homes to reduce housing revenue account debts
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Barratt ditches shared equity sell off plans
16/11/2011
House builder Barratt has scrapped plans to sell its shared equity portfolio, blaming current economic conditions.
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CBI backs government PFI probe
15/11/2011
The CBI has backed the government’s decision to review the use of the private finance initiative in a move that many see as the beginning of the end for the controversial funding scheme.
-
Contractor on track to deliver predicted results
15/11/2011
Construction and maintenance firm Kier has announced that it is on track to deliver trading results in line with expectation.
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A hollow victory for the housing sector?
14/11/2011
For years our sector has been extolling the economic, as well as the social benefits of house building.
-
Treasury plots £50bn housing boost
14/11/2011
Social housing providers could be in line to benefit from government plans for a £50 billion boost for infrastructure projects.
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Banks for the memories
11/11/2011
In a week when environmentalists revealed that the Black Rhino and Bluefin Tuna may both be not much longer for this mortal coil, another noble beast also faced up to the prospect of extinction.
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Eurozone woes dent property prices
11/11/2011
House sales have fallen in the last month as the crisis in the eurozone begins to impact on lenders’ confidence.
-
House builder in sales boost
11/11/2011
Galliford Try saw its sales jump by 38 per cent in the last four months, while cancellation rates stayed low.
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Housing recovery 'critical' to economic health
11/11/2011
The recovery of the housing market ‘is critical’ to the economic health of the nation, according to a new report.
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Building the future
11/11/2011
There may be dark times ahead but the sector is determined to come out on top. Simon Brandon asks some top housing bosses what they think the coming years hold
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CIH: ‘more capital subsidy is vital’
11/11/2011
The Chartered Institute of Housing has slammed government housing policies, saying they ‘carry considerable risks’ to future financing for social landlords.
-
End of the line for long-term lending
11/11/2011
Long-term lending to the social housing sector has been consigned to history because the last major banks to provide loans of up to 25 years will no longer do so without regular repricing opportunities.
-
Contractor announces halt to PV work
10/11/2011
A contractor has decided stop working on solar photovoltaic schemes after the government revealed plans to cut payments made through the feed-in-tariff.
-
Contractor reveals Connaught recovery work ongoing
09/11/2011
Morgan Sindall has said progress on recovering work from stricken contractor Connaught is proceeding in line with expectations.
-
Bovis to clear debt by year end
08/11/2011
Bovis Homes has said it expects to return to profit by the end of the year after reporting increased sales for the year so far.
-
Self-financing could help councils build homes
08/11/2011
The new system of self-financing for councils could enable authorities to build more homes and improve services for tenants, according to a report by umbrella group London Councils.
-
House sales on the rise from previous month
08/11/2011
The housing market saw an increase in new sales last month, according to the Royal Institute of Chartered Surveyors.
-
Housing market ‘robust’ despite economic fears
07/11/2011
Conditions in the UK housing market remain stable despite wider economic uncertainty, according one of the country’s leading builders.
-
Landlord agrees £90m HCA contract
04/11/2011
Sanctuary Housing Group has signed the biggest contract so far agreed under the Homes and Communities Agency’s affordable homes regime, with almost half of the £1.8 billion programme now allocated.
-
Look East
04/11/2011
George Papandreou might not like to be reminded of it, but money knows no borders.
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Contractors split £1bn housing framework
04/11/2011
Almost 100 contractors have been picked by a social housing consortium to undertake maintenance and improvement work on thousands of homes.
-
Council rent policies will lower value of homes
04/11/2011
Councils’ rent policies in London will reduce the value of affordable housing and hamper the ability of housing associations to build homes, according to research from consultancy Drivers Jonas Deloitte.
-
Landlord heads to China and Middle East for funds
04/11/2011
A landlord will look to private investors in China and the Middle East to fund future development as it seeks to diversify its sources of debt.
-
Redundancies costing landlords millions
04/11/2011
Housing associations have doled out millions of pounds in redundancy and severance packages as the effects of the recession on their workforces continued to take their toll.
-
The demolition explosion
04/11/2011
Councils in England are planning to knock down thousands of homes at a time of critical housing need. Martin Hilditch investigates why
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EC Harris merger agreed
02/11/2011
A deal has been approved for a Dutch engineering firm to buy consultancy EC Harris.
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House prices still falling
31/10/2011
House prices in England and Wales fell once again in October as the supply of housing continued to outstrip demand in the private sales market
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Latest affordable homes contracts revealed
28/10/2011
Orbit Group has signed the second most valuable contract so far awarded under the Homes and Communities Agency’s affordable homes programme.
-
Housing association to be wound up
28/10/2011
A housing association in Northern Ireland is to be wound up after a report found serious failings in its financial management.
-
Councils to demolish homes to cut HRA debt
28/10/2011
Councils will demolish thousands of homes to slash the amount of debt they take on under the imminent reform of the housing subsidy system.
-
Four become one at Sovereign
28/10/2011
Sovereign Housing Group says its decision to amalgamate its subsidiaries into one housing association will free up more stock to use as security for future borrowing.
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Knock down prices
28/10/2011
Thousands of residents across England have had a surprise over the past few months.
-
Private landlord planning shift to social sector
28/10/2011
The UK’s largest listed private landlord is cementing a proposal to register as a social landlord.
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Council seeks transfer to dodge £145m bill
27/10/2011
A council is seeking to transfer its stock to a housing association to avoid taking on £145 million of debt through reform of the housing revenue account.
-
Thinking again
25/10/2011
How do you get the genie back in the bottle? How do you reverse the shift from bricks and mortar to personal subsidies that’s happened over the last 35 years?
-
Willmott Dixon wins major repair contract
25/10/2011
Wilmott Dixon has won a £147 million repairs and maintenance contract with Home Group.
-
Government must tap pensions to tackle crisis
25/10/2011
The government should look for investment from local authority pension funds if it is to tackle the growing housing shortage, according to a new report.
-
Affordable homes projects reach £560m
24/10/2011
The latest round of affordable homes contracts have been revealed by the Homes and Communities Agency.
-
Housing PFI scheme given green light
24/10/2011
A multi-million pound regeneration scheme is a step closer after the government gave it the green-light to move forward.
-
Have courage
21/10/2011
Will the challenges of getting to grips with self financing allow local authorities to make the most of their new freedoms?
-
Councils face extra £2bn debt burden
21/10/2011
An extra £2 billion will be added to councils’ debt as a result of the jump in inflation revealed by the government this week.
-
Economists call for more investment in housing
21/10/2011
Leading economists have called on the government to invest in housing as a way to prevent a ‘double-dip’ recession.
-
Knocking down barriers
21/10/2011
Finance Bill reforms aim to make it easier and cheaper to invest in the housing market. James Duncan, partner at Winckworth Sherwood, explains
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REITs offer a new investment option
21/10/2011
A government move to relax property investment rules could see housing associations pool their stock to create a new private rental market.
-
Synergy gets OK to collapse structure
21/10/2011
The Tenant Services Authority has given the go-ahead for the housing associations that make up Synergy Housing Group to merge.
-
Worries on the rise
21/10/2011
I wrote last week of grim economic news and, unfortunately, this week has seen more of the same.
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Shapps calls for 30-year fixed rate mortgages
20/10/2011
The housing minister has called on lenders to consider offering 30-year fixed rate mortgages to encourage stability in the housing market.
-
Mortgage lending up but warning issued
20/10/2011
Mortgage lending rose in the third quarter of 2011, but industry analysts warned that the latest inflation and unemployment figures will weaken household confidence in the coming months.
-
Pension scheme to review member benefits
20/10/2011
The social housing pension scheme is conducting a review of the benefits available to its members.
-
Scottish house prices falling
19/10/2011
Year on year house prices in Scotland continued to fall, according to market specialists.
-
Contractor buys heating specialist
19/10/2011
A contractor has acquired a heating specialist for an undisclosed sum.
-
New ownership scheme gets green light
19/10/2011
A housing association is looking for investors for a new home purchase plan after the scheme was given the green light by finance heads.
-
Tenants facing rent hike as inflation rises
18/10/2011
Housing association tenants are facing a second straight year of rent hikes after the government revealed its highest rate of inflation for two decades.
-
House builder reports leap in profits
18/10/2011
Bellway has today reported a 52 per cent increase in pre-tax profit and higher turnover.
-
Dutch engineering firm buys EC Harris
17/10/2011
Consultancy EC Harris has been bought by Dutch engineering firm Arcadis.
-
REIT changes could appeal to landlords
17/10/2011
The Treasury has proposed changes to the rules governing real estate investment trusts that could make the structures more attractive to housing associations.
-
London landlord signs biggest HCA contract
14/10/2011
Notting Hill Housing Trust will deliver 2,310 new homes in London after landing the biggest grant yet under the Homes and Communities Agency’s affordable homes programme.
-
Contractors' pay linked to tenant satisfaction
14/10/2011
A pair of contractors could be hit with financial penalties if tenants are not satisfied under a new agreement with a housing organisation.
-
Commercial property demand slumps
14/10/2011
The recovery in the commercial property market has come to a halt as occupier demand fell during the last quarter for the first time in a year.
-
Contractor wins place on £500m framework
14/10/2011
A contractor has won a place on a framework worth up to £500 million with a major housing provider.
-
Contractor reveals big loss on interest payments
14/10/2011
Social housing contractor Keepmoat has recorded a loss of £88 million for the last financial year as a result of interest paid on its debt pile.
-
EU bank crisis hits landlords’ lending
14/10/2011
The ability of housing associations to raise fund in the future has come under threat from the European banking crisis.
-
Taking a big gamble
14/10/2011
The coalition has announced it is resurrecting right to buy but what will this mean for councils and housing revenue account reform? Nick Duxbury finds out if ministers have the odds in their favour
-
Council credit rating 'constrained' by HRA reform
12/10/2011
Credit ratings agency Standard & Poor’s has said that it has ‘constrained’ the rating of Birmingham City Council because of additional debt it will take on as a result of the housing revenue account reform.
-
Economy fears hit number of homes for sale
11/10/2011
Fears over the economy caused fewer people to put their homes up for sale in September, the latest data shows.
-
Landlord nets saving with insurance deal
11/10/2011
Affinity Sutton has targeted an annual saving of £250,000 after agreeing a so-called captive insurance deal with a sector-specialist broker.
-
HCA affordable homes deals top £300m
10/10/2011
The total value of contracts signed under the Homes and Communities Agency’s affordable homes programme passed £300 million last week after six more providers inked deals with the HCA.
-
Big four ask Treasury for £43bn write-off
07/10/2011
Four of the country’s largest housing associations have called on the government to release £43 billion of historic grant to allow them to fund new homes.
-
Bright ideas
07/10/2011
We all know the current problems - house building is at its lowest level since 1923; the number of first-time buyers has reduced to an all time low; and more than 4 million families are now registered on social housing waiting lists.
-
Council finance reform under threat
07/10/2011
Councils could be saddled with millions of pounds of extra debt as a result of government attempts to revive the right to buy, sector experts have warned.
-
'Let us borrow' says minister
07/10/2011
The Welsh finance minister has called on the UK government to lift borrowing restrictions to fund new housing in Wales.
-
Unsecured bonds the future for PfP
07/10/2011
Places for People has pledged to replace almost the entirety of its £1 billion bond portfolio with unsecured debt as its existing bonds reach maturity.
-
New HA bond hits market
06/10/2011
Seven housing associations have clubbed together to launch a £100 million bond after the price of government borrowing plunged to historic low levels.
-
Landlord aims for £30m surplus
05/10/2011
A2Dominion Group has targeted generating a £30 million surplus by 2014 as it aims to develop a sizeable commercial arm to support its social housing provision.
-
Capital gain
04/10/2011
For almost as long as the green deal has been conceived, those that have been considering taking part have had one principle concern: the cost of capital.
-
Companies give green deal finance a boost
04/10/2011
Banks, energy companies and retailers have come together to form a not for profit company that will reduce the cost of finance in the government’s flagship retrofit scheme, the green deal.
-
Overspent or overspun?
30/09/2011
When is an overspend not an overspend? Answer: When it is an ‘underbudget’.
-
Council planning to invest pensions in private rented homes
30/09/2011
Ealing Council is looking to use its pension fund to invest in homes in the private rented sector.
-
CBI calls on Chancellor for housing boost
30/09/2011
The Confederation of British Industry has called on chancellor George Osborne to use the housing market to boost the economy and unlock up to billions of pounds of private sector investment.
-
Associations’ spare cash soars towards £1bn mark
30/09/2011
Housing associations have seen their average surpluses increase by 33 per cent in 2010/11 as the total across the sector heads toward the £1 billion mark.
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Calls for HCA to solve rent row
30/09/2011
The G15 group of housing associations in London is calling on the Homes and Communities Agency to intervene in disputes between associations and councils over rent levels.
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Circle 33 under watchdog’s eye
30/09/2011
The social housing regulator is monitoring a subsidiary of one of England’s largest housing associations after a major overspend on repairs and maintenance.
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Funding fears
30/09/2011
Analysing the accounts of England’s largest housing associations reveals the financial dilemma facing the sector, says Stuart Macdonald
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Genesis land values plummet by £20.7m
30/09/2011
The value of land owned by Genesis Housing Group has plummeted by more than £20 million - almost a third of the total losses predicted for all housing associations.
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Lending threat to development plans
30/09/2011
Housing associations may struggle to fund their committed development programmes because of constrained bank lending, the social housing regulator has warned.
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Trade on your assets
30/09/2011
Landlords should take a commercial approach to their property portfolio to maximise investment in housing
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Empty homes business buys up rival
28/09/2011
Vacant Property Services has bought rival firm Sitex Orbis for an undisclosed sum.
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Increased council borrowing could deliver homes
27/09/2011
A group of housing experts has called on the government to increase local authority borrowing powers to deliver more affordable homes.
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Finance raised by social housing falls by £500m
26/09/2011
New finance raised by the social housing sector has fallen by £500 million, according to the Tenant Services Authority.
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Catalyst’s surplus rises
23/09/2011
Catalyst Housing Group has reported increased surplus and turnover.
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Northern approach
23/09/2011
For a long time now it has been the policy of the Scottish National Party-led Scottish Government to claim it is taking the moral high road of investment in the country’s economy, while its English counterparts try to drag it down the low road of cuts and stagnation.
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Redundancies cost Gentoo £2 million
23/09/2011
Gentoo Group spent nearly £2 million on redundancy payouts last year as the economic slowdown and grant funding cuts hit its construction arm.
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Welfare reform fears could hit landlords’ bonds
23/09/2011
Fears more tenants will fall into rent arrears as a result of welfare reforms have hit landlords’ creditworthiness, according to sector analysts.
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Mortgage lending reaches two-year high
22/09/2011
Gross mortgage lending rose 10 per cent year on year in August, reaching its highest level for two years, according to the Council of Mortgage Lenders.
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Scottish government to cut housing budget
21/09/2011
Housing and regeneration in Scotland will face a 42 per cent budget cut over the next three years as part of the Scottish Parliament’s spending review, which was unveiled today (Wednesday).
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Social housing sales reach new low
21/09/2011
Sales of social housing in England remained at low levels during 2010/11 despite a 15 per cent rise in local authority homes sold through the right to buy.
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Reforms to halt construction of larger homes
19/09/2011
A provider has warned that a raft of reforms to social housing could stop housing associations building four-bedroom homes.
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Future of affordable rent remains undecided
19/09/2011
The government has no definite plans for its affordable rent programme after 2015, the communities minister has said.
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Interest cut to deliver £100m boost for housing
18/09/2011
Councils leaving the housing revenue account subsidy system are to receive a £100 million a year boost due to a cut in interest rates.
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Housing association issues £150m bond
16/09/2011
Moat has become the latest housing association to enter the capital markets after issuing a £150 million bond.
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Banks block landlords’ solar plans
16/09/2011
Social landlords’ plans to install photovoltaic panels on their homes are being blocked by banks refusing to sign off hundreds of millions of pounds worth of ‘rent-a-roof’ deals.
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Council body moots borrowing cap swap
16/09/2011
Local authorities should be able to break borrowing limits by swapping debt caps under the new housing revenue account system, a report by London Councils will argue.
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Credit fear over affordable rent
16/09/2011
Landlords should be wary of relying on selling homes to cross-subsidise development under the affordable homes programme, a ratings agency has warned.
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Don’t bank it
16/09/2011
The feed-in tariff has been perhaps the most successful ‘green’ government initiative ever.
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Housing probe calls on pension funds
16/09/2011
Representatives of large pension funds are being asked to give evidence to MPs in a bid to find out what is stopping them investing in social housing on a large scale.
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Orbit: ‘Home sales must jump by 72%’
16/09/2011
Orbit Group is set to be one of the first large housing associations to sign its development contract with the Homes and Communities Agency for its share of funding under the £1.8 billion affordable homes programme.
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Partick to build 117 homes with £18m loan
16/09/2011
Glasgow landlord Partick Housing Association has negotiated an £18 million, 30-year loan facility with long-standing lender Barclays Corporate to help deliver 117 affordable homes in the west end of the city.
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Round two
16/09/2011
Housing minister Grant Shapps has proposed a second round of the affordable homes programme. So are landlords financially fit enough to get back into the ring or are they on the ropes already? Carl Brown investigates
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Kier profits rise by almost a quarter
15/09/2011
Construction and services firm Kier has reported a 24 per cent rise in pre-tax profits to £68.9 million.
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Profit and revenue up at Apollo
15/09/2011
Apollo has increased its operating profit by 66 per cent from £7.5 million last year to £12.4 million.
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Housebuilder returns to profit
14/09/2011
Housebuilder Barratt Developments has announced a return to profit after a year of loss.
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Galliford Try posts increased profits
14/09/2011
Galliford Try has reported an 80 per cent increase in profits from its housebuilding division.
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Mortgage arrears falling
14/09/2011
Mortgages arrears cases are four per cent down on last year according to the latest figures from the Financial Services Authority.
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TSA chair fears lenders' withdrawal from sector
13/09/2011
The chair of the Tenant Services Authority has warned the impending financial crisis in Europe could prompt lenders to withdraw from the social housing market.
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Lack of mortgage finance hits housing market
13/09/2011
The housing market in the UK has remained flat during August with experts blaming economic uncertainty and a lack of mortgage finance.
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Aviva completes £45m homes transfer
13/09/2011
Fund manager Aviva has completed a deal for £45 million of institutional investment in social rented homes.
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Moat bond given credit rating
12/09/2011
Credit rating agency Moody’s has assigned the third highest possible rating for Moat’s debut bond issue.
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Getting to grips with self financing
12/09/2011
Understanding the new financial landscape for housing will be vital if building ambitions are to be realised, argues Lesley Lodge
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Livingstone urged to back homes for social rent
12/09/2011
Labour activists are calling for London mayoral candidate Ken Livingstone to support the building of new homes for social rents if he is elected.
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Price rises boost Redrow profits
09/09/2011
House builder Redrow has seen its profits soar on the back of a hike in sale prices.
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Hyde faces credit rating downgrade
09/09/2011
A credit ratings agency has warned that Hyde Group’s credit rating could be downgraded.
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Alliance lobbies for landlord pay option
09/09/2011
Private and social landlords have formed an alliance with tenants to challenge the government’s housing benefit reforms.
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Brokerage to allocate ECO funds
09/09/2011
The government is planning to introduce an independent brokerage to allocate energy company obligation funding to ensure equal access for green deal providers in its flagship retrofit scheme.
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Call for end to VAT on shared services
09/09/2011
Housing associations are calling on the taxman to scrap VAT on all shared services in a move that could save millions of pounds.
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Cleaning up the mess
09/09/2011
A year ago this week the collapse of social housing contractor Connaught caused panic, leaving landlords struggling to maintain services. Here, Carl Brown asks whether landlords and contractors have learned their lesson
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FIT for future investment?
09/09/2011
Is it worth installing photovoltaic panels after 1 April 2012 when the feed-in tariff is due to change?
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Green deal Q&A
09/09/2011
Securing finance from banks is vital to the green deal’s success. Here, Conor Hennebry reveals the sector’s appetite for green investment
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Landlords to fight NBS debt re-price
09/09/2011
Up to 40 housing associations are fighting an attempt by Newcastle Building Society to re-price long-term debt after the lender took the rare step of invoking clauses in its loan agreements that could cost the sector tens of millions.
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Last-minute deal
09/09/2011
The government plans to reduce the feed-in tariff next year, so social landlords must act now if they want to cash in on the sun’s rays, says Emily Rogers
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Proceed with caution
09/09/2011
One year on from the collapse of Connaught, the obvious conclusion is that lessons have not been learned.
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Benefit reforms will lead to arrears
08/09/2011
Government plans to stop tenants opting to have their housing benefit paid directly to their landlord could lead them to fall into arrears, a housing association has said.
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MPs launch housing finance probe
06/09/2011
A parliamentary committee is set to address the growing housing crisis with the launch of an inquiry into the financing of new stock.
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Housing benefit bill rises by £1.3bn
05/09/2011
Housing benefit spending by councils rose to £18.5bn between 2009/10 and 2010/11.
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Building boom could give £75bn lift to economy
05/09/2011
Trebling the number of annual house building starts would generate an extra £75 billion for the economy and reduce rents by 10 per cent, a study has found.
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False economy
02/09/2011
The government can’t afford housing cuts as they won’t pay off long term
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Orbit business brings in £100k
02/09/2011
Orbit Group has sold £100,000 worth of back office functions to rival housing providers since launching a stand-alone external services business earlier this year.
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Swap cash calls put development at risk
02/09/2011
Housing associations may put development plans on hold for years as they are forced to use their homes as security to ensure they don’t default on complicated loan agreements.
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Development failings halt landlord cash bid
01/09/2011
A housing association decided not to bid for grant under the £1.8 billion affordable homes programme after identifying failings in its development function.
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Council to become first to enter bond market
01/09/2011
Wandsworth Council is set to become the first local authority to tap into the bond market with a £250 million issue to fund a major housing stock improvement project.
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Annual report reveals £500,000 loss for Fed
31/08/2011
The National Housing Federation has reported a loss after tax of £526,000.
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House prices expected to continue falling
31/08/2011
House prices continued to fall in August, leaving them 3.7 per cent down on the same time last year, according to housing research firm Hometrack.
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New deal
30/08/2011
After a year of writing about cuts in housing benefit, investment and supporting people, rising rents and homelessness and falling housebuilding, it makes a pleasant change to report some good news.
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Bovis profits double as construction costs fall
30/08/2011
Bovis Homes has seen its profit more than double over the first six months of 2011 on the back of increased margins and lower construction costs.
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Banks blamed for Strathclyde demise
26/08/2011
Scottish construction groups have criticised banks for exerting too much pressure on house builders after the collapse of Strathclyde Homes.
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Breaking free
26/08/2011
In just seven months councils will be freed from the shackles of the housing revenue account. So how are their self-financing plans shaping up? Jules Birch finds out.
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Landlord makes 11th-hour bid for energy funds
26/08/2011
A housing association has launched a last-ditch attempt to help social landlords prise £350 million of eco-cash from the grasp of energy companies.
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Landlords face bank bill for tens of millions
26/08/2011
Plummeting stock markets could trigger short-notice cash calls on ‘swap’ deals, advisors warn
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Swap shop danger
26/08/2011
Seasonal cheer was in short supply for a number of housing associations in the run-up to Christmas 2008. Shockwaves from the collapse of Lehman Brothers that September had finally reached the UK social housing sector, resulting in a series of sudden calls from lenders for more security against a type of loan known as a ‘stand alone swap’.
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Contractors win £800m framework
24/08/2011
Social housing procurement consortium Cyntra has awarded an £800 million framework deal to six contractors.
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House builder reports surge in profits
23/08/2011
Persimmon has reported a surge in pretax profit due to better margins on newly opened sites and control of development costs.
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Companies chosen for £3bn framework
22/08/2011
Willmott Dixon, Morgan Sindall, Mansell and Thomas Vale have all been appointed to a regional framework worth up to £3 billion.
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Charity income on the rise despite cuts
19/08/2011
A housing charity has increased its incoming resources in the last year despite cuts in funding from local authorities.
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City West: ‘We’ll find a way to build’
19/08/2011
‘The number of properties we had to convert [to affordable rent] per new home meant we fell down on value for money,’ says a disappointed Paul Whitehead, finance director at City West Housing Trust in Salford.
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Freedom at last
19/08/2011
Scrapping the housing revenue account will cut through red tape and help councils serve their tenants in the best possible way, says Grant Shapps
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Mortgage lending on the slide
18/08/2011
Mortgage lending has fallen 6 per cent year-on-year, according to data published today by the Council of Mortgage Lenders.
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Housebuilder goes into administration
18/08/2011
A Scottish housebuilder has gone into administration, citing sustained cash-flow problems caused by the downturn in the housing market as the reason for its demise.
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Mears turnover rises after market turmoil
16/08/2011
Mears has reported increased turnover and profits after picking up work from failed rivals Rok and Connaught.
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Contractor secures 85 per cent of revenue
15/08/2011
A contractor has revealed that it has secured 85 per cent of budgeted revenues for the financial year.
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Barking in build-to-let scheme
12/08/2011
Barking and Dagenham Council is championing an innovative development model that will see it enter the build-to-let market while continuing to build homes for social rent.
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Getting it down Pat
12/08/2011
She has one of the biggest jobs in housing, at one of the toughest times. Can Homes and Communities Agency boss Pat Ritchie deliver, wonders Caroline Thorpe.
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HRA debt to rise by £1.7bn
12/08/2011
The level of debt councils will take on when their housing departments become self-financing could rise by £1.7 billion.
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Insurers call on home secretary to help curb rate rise
12/08/2011
Insurance companies have urged the government to extend police compensation schemes to help curb premium price rises following the estimated £100 million damage to England’s cities caused by rioters.
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Market turmoil ends bond plans
12/08/2011
Councils are putting their bond plans on hold following significant turbulence in the global financial markets.
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Moat in £100m bid to buy more homes
12/08/2011
Moat Housing Group plans to spend up to £100 million buying thousands of homes from other landlords.
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First-time buyers return to market
11/08/2011
First-time buyers took out more mortgages in June than at any time in the last 10 months, according to figures.
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Land investment scheme could fund homes
09/08/2011
Public bodies should invest land as equity to fund new rented homes, a think tank has argued.
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Morgan Sindall reports drop in profits
08/08/2011
Construction firm Morgan Sindall has reported a half-yearly drop in profits of 16 per cent compared to the same time last year.
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Builder puts shared equity loans up for sale
08/08/2011
One of the UK’s leading house builders has confirmed it is looking at selling a chunk of its shared equity loans.
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Landlord awards £40 million home improvement contract
08/08/2011
Lewisham Homes has appointed maintenance contractor Mitie to carry out a £40 million home improvement programme over the next five years.
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Public sector told to make better use of assets
05/08/2011
The government has called on councils to make better use of the assets they hold, as it published details of buildings and land owned by public sector bodies.
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Councils to put caps on relet rents
05/08/2011
Some London councils may use conditions on planning agreements to ban social landlords from raising rents on relets to the higher levels allowed under the new affordable rent regime.
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Contractor buys struggling home care business
04/08/2011
Social housing firm Mears has increased its involvement in the care and support sector with a £7.4 million acquisition.
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Landlord secures £50 million for new homes
04/08/2011
A housing association has secured £50 million funding to help towards building 4,000 new homes.
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Taxman bows to pressure to halt VAT change
04/08/2011
The government has backed down on a VAT plan that would have cost housing associations £108 million over the next four years.
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Europe restores payments from €200bn fund
03/08/2011
The European Commission has restored payments to the UK from a €200 billion regeneration fund, following assurances from the government.
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House builder posts first half loss
03/08/2011
House builder Taylor Wimpey has posted a small loss for the first half of 2011, figures show.
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Investors need confidence on green policy
02/08/2011
For some people, Monday will have marked the end of their green dream.
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Prime numbers
02/08/2011
The rise and rise (and rise) of the central London property market continues apace, seemingly disconnected from the rest of the economy and the rest of the country.
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Cash questions
02/08/2011
Can the public and banking sectors learn to understand each other before self financing begins, wonders Louise Dunne
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Mears lands £20m PV deal with British Gas
02/08/2011
Mears has won a £20 million photovoltaic panel installation contact through its partnership with British Gas.
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Newcastle to take on green deal role
02/08/2011
Newcastle is planning to set up a partnership with other local authorities to fund home energy efficiency improvements through the green deal.
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Housing association plans to sell 5,000 homes
01/08/2011
One of the UK’s largest housing associations will sell nearly 5,000 homes as part of a restructure.
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Date set for move to self financing
29/07/2011
Councils will buy their way out of the existing housing finance system on 28 March 2012, the government has said.
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Eurozone woe hits landlord's finances
29/07/2011
Notting Hill Housing Trust has raised £120 million on the bond market - but has had to pay more as a result of the eurozone crisis.
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Social housing reaches finish line
29/07/2011
It is now exactly 363 days until the opening ceremony of the London 2012 Olympic Games and the national media is beginning to get excited.
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Welsh landlords plan £75m bond
29/07/2011
A group of Welsh housing associations is turning to the bond market for funding following government grant cuts.
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Direct question
28/07/2011
The Council of Mortgage Lenders (CML) is posing a scary question with fundamental implications for landlords, tenants and the government: can lenders continue to fund social housing?
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House prices fall across England and Wales
28/07/2011
House prices have fallen across most of the country in the last year, latest figures from the Land Registry reveal.
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Landlord is third highest spender with government card
28/07/2011
A housing association spent more money with a government pay card than the Foreign Office, the Home Office and the BBC, a freedom of information request has revealed.
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Millions lost in PFI funding following review
28/07/2011
A scheme which promises to deliver thousands of new homes across the country has had its funding reduced following a series of reviews.
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Housing group raises millions on bond market
27/07/2011
Notting Hill Housing Trust has raised £120 million on the bond market.
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Housing association reports growth in turnover
26/07/2011
Hyde Group has reported an increase in turnover of £12.1 million in its annual report for 2010/11.
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Only one PFI housing scheme yet to pass test
26/07/2011
All but one of the 13 housing projects under procurement in the private finance initiative are a step closer to starting after passing value for money reviews.
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£1.6 billion of repairs contracts up for grabs
26/07/2011
A housing group has issued a tender for repairs and maintenance work worth up to £1.6 billion.
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Lenders defend Firstbuy mortgage hikes
25/07/2011
High street lenders have defended their right to charge higher mortgage rates for people buying homes in the government’s £500 million homeownership scheme.
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House prices continue to slip
25/07/2011
House prices fell slightly across England and Wales this month, according to data from housing market information company Hometrack.
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Leading social housing contractors plan merger
22/07/2011
Two of the social housing sector’s biggest contractors are planning to merge.
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Cashing in
22/07/2011
The Homes and Communities Agency is reluctant to divulge details of who got what in last week’s grant giveaway. But that hasn’t stopped Carl Brown finding out
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Housing body lobbies over VAT change
22/07/2011
The National Housing Federation has met tax officials in a bid to prevent proposed value added tax changes which could cost housing associations more than £180 million.
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Hyde sells bulk of care arm to Family Mosaic
22/07/2011
Cuts to Supporting People funding have prompted Hyde Group to sell its entire care and support subsidiary.
-
Santander delivers borrowing blow
22/07/2011
Housing associations may not be able to use ‘affordable rent’ homes to increase their borrowing capacity after a leading lender ordered the properties to be valued at the same level as social housing.
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Survey warns of 10 year drop in development
22/07/2011
Housing associations plan to reduce the number of homes they build for the best part of the next decade.
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Landlords to raise £2bn for affordable rent homes
21/07/2011
London’s largest housing associations will jointly raise more than £2 billion of private finance for new homes over the next four years.
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A dose of market forces?
18/07/2011
‘Supermarket to shake up sector’, read the headline in Inside Housing, following the announcement at Harrogate that an un-named supermarket chain intended to enter the social housing sector.
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Kinetics rescue plan fails
14/07/2011
Social landlords have been forced to draft in new contractors to keep repairs work on track after the remaining part of Kinetics went into administration.
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Builder completes sale of North American arm
14/07/2011
Taylor Wimpey has completed the sale of its North American business, leaving it clear to focus on the UK.
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Administrators appointed for Kinetics
13/07/2011
Social housing contractor Kinetics has entered into administration with around 550 staff across five sites affected.
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Housing demand stays flat while prices fall
12/07/2011
Demand for property remained flat last month and house prices continued to fall, according to the Royal Institute of Chartered Surveyors.
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Kinetics move into administration confirmed
11/07/2011
Social housing contractor Kinetics will go to court this afternoon to seek administration.
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Remaining Kinetics firms face administration
11/07/2011
The remaining part of social housing contractor Kinetics is set to go into administration, according to one of its housing association clients.
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Labour could keep affordable rent
08/07/2011
A Labour government would not make radical changes to the new funding model for social housing, the shadow housing minister has said.
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Contractor posts losses of £135 million
08/07/2011
A contractor has posted pre-tax losses of £135 million for last year but has claimed localism and the Green Deal are opportunities to improve.
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House builder to develop 446 FirstBuy homes
08/07/2011
House builder Bovis homes has received government funding to build 446 homes under the FirstBuy scheme for first time buyers.
-
Carbon payments could raise £1.1 bn
08/07/2011
Local authorities could set up multi-million pound funds to pay for carbon reduction measures using contributions from developing associations and house builders, under proposals unveiled this week.
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LGA in £5bn bond venture
08/07/2011
Council housing departments could be set to benefit from billions of pounds in bond finance.
-
Spectrum holds out for 2014 restructure
08/07/2011
‘Based on 2006 logic it was a perfectly reasonable assumption that we could further collapse the group in the long term…that we would be able to re-finance the new group on more advantageous terms and make further efficiency savings,’ says Wayne Morris, chief executive of Spectrum Housing Group.
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The new top dog
08/07/2011
Councils are muscling in on the bond market, lured by attractive prices. Should housing associations be worried? Carl Brown investigates.
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Benefit reforms to push up interest payments
07/07/2011
Proposed changes to the way housing benefit is paid could hit housing associations with an extra £30 million a year in interest payments, the National Housing Federation has warned.
-
Morgan Sindall affordable housing performing well
05/07/2011
Morgan Sindall’s affordable housing arm has performed well in the first half of the year, securing £90 million of contract wins, according to a trading update.
-
Completions for house builder rise by more than a quarter
05/07/2011
House builder Galliford Try has reported a 27 per cent increase in housing completions for its trading year, which ended on 30 June.
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Group mortgages to help first-time buyers
05/07/2011
The housing minister will call on banks to offer mortgages to groups of friends when he hosts a second first-time buyer summit today.
-
House builder sells Scottish operation
01/07/2011
Housebuilder Redrow has sold its Scottish operation to Springfield Properties Plc for £49 million.
-
Aviva to arrange £45m Derwent deal
01/07/2011
Fund manager Aviva is set to agree up to £45 million of institutional investment in social rented homes.
-
Councils plan to raise billions from bond market
01/07/2011
Councils are drawing up plans to borrow billions on the bond market to fund new homes, a move which could hike costs for housing associations.
-
New VAT rule could cost sector £183m
01/07/2011
Housing providers could be saddled with a tax bill of up to £183 million under VAT changes being drafted by HM Revenue and Customs.
-
Power to the people
01/07/2011
What led to Places for People’s success in issuing the sector’s first retail bond?
-
Watchdog excluded from HCA bid talks
01/07/2011
The social housing regulator has had no involvement in negotiations over landlords’ bids for funding to build new homes.
-
Signs of stability in housing market
30/06/2011
The housing market is showing increasing signs of stability, with some improvement in mortgage availability, according to Taylor Wimpey.
-
Housing associations could be exempt from paying VAT on shared services
29/06/2011
Housing associations could be exempt from paying value added tax on shared services, under plans being drawn up by HM Revenue and Customs.
-
Economic case could win over government
28/06/2011
Housing providers must convince government of the economic case for investing in affordable homes rather than focusing on need, Shelter’s head of policy has said.
-
Rok pensions threatened by £90m deficit
28/06/2011
The administrators of Rok have revealed the company has a £90 million deficit in two pension schemes.
-
Hometrack records surge in house sales
27/06/2011
House sales in the last month have risen 10.6 per cent, with more buyers registering interest with agents.
-
House builder reports leap in profits
24/06/2011
Berkeley Group has reported a 23 per cent jump in profits.
-
Borrowing cap for councils to stay
24/06/2011
The borrowing cap under the new self-financing system for council housing services will not be removed, a senior civil servant has said.
-
£30m pulled from firstbuy funding
24/06/2011
A total of £30 million has been cut from the government’s firstbuy scheme.
-
Explore new territory
24/06/2011
Welfare reform is a good opportunity for private landlords to get involved in the social housing sector
-
Leeds ALMO staff link up to save cash
24/06/2011
In these austere times arm’s-length management organisations aren’t exempt from cutbacks - and three in Leeds are merging their back office functions to save £1.6 million a year between them.
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National £500m bond plan dropped
24/06/2011
Plans for a £500 million national housing bond have been ditched following concerns about the effect on existing lending agreements - but other funding models are still being explored.
-
Mortgage arrears falling
23/06/2011
Mortgage arrears fell in the first three months of this year, according to data published yesterday (Wednesday) by the Financial Services Authority.
-
HRA reform could halt demolition
23/06/2011
The new system of self-financing could deter authorities from demolishing old stock, a fringe session at the Chartered Institute of Housing conference in Harrogate has heard.
-
Landlords holding back institutional investment
23/06/2011
A reticence on the part of landlords rather than investors is responsible for holding back institutional investment into the social housing sector, according to a top finance lawyer.
-
Lenders urged to back self builders
21/06/2011
Housing minister Grant Shapps has written to lenders urging them to support self builders.
-
Firstbuy funding allocated
20/06/2011
More than 100 house builders and housing associations have been allocated funding under the government’s £180 million Firstbuy scheme,.
-
Housing association raises £140 million through a financial first
20/06/2011
Places for People has raised £140 million through the sector’s first ever retail bond.
-
Firstbuy allocations to be announced
20/06/2011
Allocations under the £210 million Firstbuy scheme are expected to be announced today.
-
Default hurdles creep up
17/06/2011
Lenders are adding to areas which trigger a loan default, says Louise Leaver, partner, head of finance, at Winckworth Sherwood
-
HRA reform could create £54bn boost
17/06/2011
The move to self-financing councils could produce more than £50 billion of new investment for housing over the next 30 years, according to a new report.
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Landlords hit by Kinetics collapse
17/06/2011
Landlords in the north of England have been scrabbling to find cover after several subsidiaries of contractor Kinetics collapsed.
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Manchester in talks with pension fund over investment in private renting
17/06/2011
Manchester Council is considering using institutional investment to fund new private rented housing.
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Places for People eyes £100m bond
17/06/2011
Places for People has doubled the size of its planned retail bond to £100 million.
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Council offered £78 million to reduce affordable housing quota
16/06/2011
Westminster Council has been offered £78 million to put towards affordable housing after developers of Chelsea Barracks said they could not meet their 50 per cent quota.
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Economic pressures mount for housing associations
15/06/2011
Housing providers are increasingly concerned that different economic problems will combine to damage their businesses.
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First-time buyer loans rise in April
15/06/2011
The number of loans made to first-time buyers increased 7.5 per cent between March and April, according to the latest figures from the Council of Mortgage Lenders.
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Housing market stays flat
14/06/2011
The housing market has failed to pick up in the last quarter, with little sign of an increased appetite to view property, according to the Royal Institution of Chartered Surveyors.
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Providers embrace affordable rent despite fears
13/06/2011
Housing associations are embracing affordable rent despite concerns about the impact it could have on build rates and borrowing capacity.
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Administrators sell part of Kinetics as redundancies hit
13/06/2011
The administrators for stricken social housing contractor Kinetics have sold part of the group but 273 staff have been made redundant.
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Kinetics goes into administration
10/06/2011
Kinetics Group has now gone into administration along with two more of its subsidiaries, but insists it will continue to trade.
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HIAs turn to green deal in face of cuts
10/06/2011
Home improvement agencies in England are eyeing the health and environment industries to help replace the £300 million of funding to upgrade private sector homes, which has been axed by the government.
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That’s capital
10/06/2011
Benefit reform must not be so radical that it puts private investors off developing affordable homes in London
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Contractor's subsidiary goes into administration
08/06/2011
A subsidiary of contractor Kinetics Group has been wound up and another has gone into administration.
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Public housing construction orders fall
06/06/2011
The value of public sector housing construction orders fell by 17 per cent in the first quarter of 2011 compared to the same period last year, according to the Office of National Statistics.
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Landlord plans £50m retail bond
03/06/2011
Places for People is in talks with investors about issuing the sector’s first ever retail bond.
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Contractor bought by Wates construction company
01/06/2011
Wates Group has acquired repairs contractor Linbrook Services for an undisclosed sum.
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House prices rise across much of the country
01/06/2011
House prices have risen across much of the country in the past month but remain lower than at the same time last year.
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Galliford Try wins housing frameworks worth £584 million
01/06/2011
Galliford Try has won a place on three affordable housing framework agreements worth a total of £584 million.
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Housing associations and councils sign up for '£50 billion' retrofit scheme
31/05/2011
A total of 12 housing associations and four councils in Liverpool have signed up to a retrofit scheme.
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Landlords crack down on ‘suicide-bidding’
27/05/2011
Housing associations are including new clauses in tenders to try to prevent companies winning work with abnormally low ‘suicide’ bids.
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Vela: ‘Merger will help us build more’
27/05/2011
Staff at 17,000-home Vela Group barely had time to catch their breath between the group’s creation in December 2010 and the biggest shake-up in housing policy and funding in half a century.
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First-time buyers back lending restrictions
26/05/2011
The majority of first-time buyers back tougher mortgage market regulation, according to a survey for Shelter.
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CIH reports drop in income
25/05/2011
The Chartered Institute of Housing has reported a drop in overall income of £229,000.
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Council to challenge Shapps over £30 million snub
24/05/2011
Gateshead Council will challenge the government over a decision to exclude it from a £30 million fund to improve housing market renewal areas.
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Contractor announces leap in profits
23/05/2011
Mitie has reported a 16.5 per cent increase in its operating profit.
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Housing associations combine to find £60 million contractor
20/05/2011
Housing associations have joined together to find a contractor to undertake £60 million of work across five years.
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A third of social landlords expect a double dip recession
20/05/2011
More than a third of social landlords think government spending cuts will cause a double dip recession, an auditor has warned.
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Meeting affordable homes target will cost £14 billion
20/05/2011
The capital’s most powerful housing associations could exhaust their capacity to fund new homes by 2015 unless the government finds an alternative way of funding affordable housing.
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Money matters
20/05/2011
Unfortunately, social landlords and the relatively large sums in which they regularly deal have become an established target for fraudsters. It has to be hoped that the warning from the Tenant Services Authority this week prevents any other landlords falling foul of the latest scam.
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Places for People issues £175m bond
20/05/2011
Places for People has raised £175 million in the social housing sector’s first unsecured issue on the UK bond market.
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Kier issues positive trading update
18/05/2011
Kier has issued a trading statement saying its financial performance is in line with expectations.
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Paying the price
17/05/2011
What can be done to prevent the booms and busts that seem to happen in the housing market about once a decade?
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Urgent reform needed to stop boom and bust
17/05/2011
Urgent action is needed to tackle housing market volatility to prevent another cycle of boom and bust, according to a report.
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Competition body eyes Capita's Tribal deal
17/05/2011
The Office of Fair Trading is to consider whether Capita’s acquisition of consultancy Tribal’s social housing business is a merger and whether it would reduce competition.
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British Gas buys contractor for £30 million
16/05/2011
British Gas has acquired Cheshire-based central heating contractor PH Jones for £30 million.
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Mears announces £120m of contract wins
16/05/2011
Mears has announced £120 million of contract wins and said trading is in line with expectations.
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Remortgaging on the rise
16/05/2011
Remortgaging increased during the first quarter of 2011, according to the Council of Mortgage Lenders.
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Arrested development
13/05/2011
Bids for Homes and Community Agency grant are in, but are social landlords shrinking their building plans? Carl Brown finds out. Illustration by Pete Pachoumis
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Hammersmith tops table
13/05/2011
Social landlords sold 24 homes at auction for a total of £3.57 million in April. This was down 82 per cent from the £19.92 million raised in March.
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NBS goes ahead with loan re-pricing plan
13/05/2011
Newcastle Building Society is pressing ahead with a controversial attempt to re-price existing housing association debt.
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Housing association goes for bond after credit rating
11/05/2011
Moat has secured an AA2 credit rating ahead of a potential bond issue later in the year.
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You get what you pay for
11/05/2011
A contractor has won a Decent Homes project with a bid more than £2 million below the estimate, but was the value of the work right in the first place?
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Builders release positive trading updates
11/05/2011
House builder Barratt Homes is predicting an upturn in profits by the end of its financial year.
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Sellers return as housing market begins revival
10/05/2011
The housing market is picking up and prices are becoming more stable, a monthly property report suggests.
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Shapps announces £30 million fund for stalled pathfinder schemes
09/05/2011
Housing minister Grant Shapps has announced a £30 million fund to help households in blighted neighbourhoods after the premature end of the housing market renewal programme.
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Contractor wins estate work with low bid
09/05/2011
A contractor has won the race to improve estates in Sheffield by putting in a bid almost £5 million below the estimated cost.
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First time buyers at highest level for a year
09/05/2011
The proportion of prospective home buyers who are buying for the first time is at its highest level for more than a year.
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Bidding wars
06/05/2011
The bids are in but who will be successful in securing Homes and Communities Agency funding?
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Housing associations cut development by half
06/05/2011
England’s largest housing associations have slashed development programmes by up to 50 per cent, bids submitted to the Homes and Communities Agency this week reveal.
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Manchester councils mull creation of green special purpose vehicle
06/05/2011
A group of councils is leading advanced talks to set up a special purpose vehicle to invest in solar photovoltaic panels in the north west.
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Pathfinder areas plea for £60m lifeline
06/05/2011
The government should put up £60 million to help northern councils deal with the blight left by the now-defunct housing market renewal pathfinders, an influential group of MPs will be told.
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Promises, promises
06/05/2011
Housing was a key issue in last year’s general election. But one year on, how many of their campaign promises are coalition ministers still committed to? Caroline Thorpe finds out
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Symphony: ‘merger will save £80 million’
06/05/2011
In the first of our new series we visit Symphony Housing Group
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Warning signs
06/05/2011
A recent spate of ‘vulnerable to deterioration’ judgements has prompted grumblings that the housing watchdog is handing out tougher rulings. So is it? The Tenant Services Authority’s Jonathan Walters reveals all
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Council negotiating 'land for homes' exchange deal with housing association
05/05/2011
Islington Council is negotiating a deal with a large housing association which would see it contribute land in return for the building of homes for social rent.
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House building market exceeds expectations
05/05/2011
House builder Galliford Try has reported the market has exceeded its expectations during the first months of the year.
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Contractor issues positive trading update
05/05/2011
Social housing contractor Morgan Sindall has issued a positive trading update ahead of its annual general meeting today.
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Questions & answers
05/05/2011
Last month housing association Gentoo Group bought photovoltaic panel manufacturer Romag from administration. Here Andrew Taylor and Phil Murray, the pair behind the deal, explain why
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Testing times
03/05/2011
As the deadline passes for bids for development under the affordable rent programme, Katherine Evans examines how the planning process could hinder the new regime
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£1.8 billion affordable rent deadline looms
03/05/2011
The deadline for bids under the £1.8 billion affordable rent programme is today (Tuesday 3).
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House prices avoid fall for first time in nine months
02/05/2011
House prices have stayed unchanged for the first time in nine months, a survey has revealed.
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£900k saving plan pays off
28/04/2011
A housing group’s strategy to set up a virtual board to avoid high bank charges when collapsing its structure is working, its director of operations has said.
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Bigger isn’t better
28/04/2011
Small landlords can make big changes but the government must help them
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Lloyds eyes Grainger deal
28/04/2011
Lloyds is set to agree a deal which would see residential property business Grainger take over the management of part of its housing portfolio.
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Purchasing power
28/04/2011
Housing providers are used to counting the financial cost of the items they procure. But tough carbon cutting measures mean they must also keep an eye on their environmental cost. Here Caroline Thorpe reveals the carbon footprint of 15 of the items most commonly purchased by the sector
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Unnecessary red tape must be cut
28/04/2011
The bureaucracy involved in adhering to European tendering rules inhibits landlords’ procurement
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Westminster hires Pinnacle for £22.5m
28/04/2011
Westminster Council will award private company Pinnacle PSG a £22.5 million contract to manage half its housing stock.
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Construction stuck in recession as UK begins recovery
27/04/2011
The construction industry is still in recession according to the latest figures from the Office for National Statistics.
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Housing more affordable for key workers - except in London
27/04/2011
Housing has become more affordable for key workers since prices peaked in 2007, the Halifax has said.
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Workshy benefit claimants to keep housing support
27/04/2011
Benefits claimants who turn down a job will not lose their housing benefit or child benefit payments, the welfare minister has said.
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Care for elderly to spiral with cuts
26/04/2011
Elderly and vulnerable people will face increased costs to their care as councils face budget cuts.
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Buyers unimpressed by shared equity scheme
26/04/2011
More than half of first-time buyers have reported the government’s £250,000 firstbuy scheme will make no difference to them.
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Sales on the up for house builder
21/04/2011
Persimmon has reported improved sales for the first quarter of 2011.
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Growth figures challenged by Scottish builders
21/04/2011
The Scottish Building Federation has questioned official figures showing the construction sector rose by more than 11 per cent in 2010 compared to the previous year.
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Livingstone attacks Boris in affordable rent row
21/04/2011
The government’s affordable rent plans will be beyond the means of many residents in London and will ‘destroy’ the finances of housing associations, Ken Livingstone has said.
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A huge relief
21/04/2011
Though the government is not scrapping the community infrastructure levy, social housing will qualify for relief from paying it, says Paula Ghosh, senior associate at Lewis Silkin
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All change, please
21/04/2011
With landlords everywhere adapting to the radical shifts taking place in the economic and political landscape, Inside Housing will be travelling up and down the country in the coming weeks to plot their progress. Carl Brown finds out what landlords should be concerned about as he kicks off the first in our series on the State of the Nation
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Cuts ‘not a priority’ for all landlords
21/04/2011
Four in 10 housing associations do not feel the sector is under constant pressure to reduce its cost base, according to a survey by auditor Baker Tilly.
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Institutional investment is still uncertain
21/04/2011
Are financial institutions finally ready to back private rented homes?
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Rational thinking
20/04/2011
Stock rationalisation is becoming increasingly popular as housing associations look to cut costs. Kate Silverman offers advice on making sure transfers run smoothly
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Interest in housing market picks up
20/04/2011
The number of people looking to buy a home in the UK increased sharply in March, according to estate agents.
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Redrow to sell Scottish operation
19/04/2011
House builder Redrow is putting its Scottish business up for sale as it looks to focus on London and the south east.
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Financial rules could wipe £1 billion from housing associations' assets
19/04/2011
New accounting rules will reduce the book value of England’s housing associations’ assets by more than £1 billion, the National Housing Federation has said.
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SNP promises 'greener Scotland' if housing benefit moved north
18/04/2011
The Scottish National Party’s manifesto calls for housing benefit control to be moved to Scotland.
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£77m project at risk as builder collapses
15/04/2011
A £77 million housing project in Scotland is in jeopardy following the collapse of R&D Construction Group.
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Do the maths
15/04/2011
Talk of economic crisis is unhelpful and diverts essential investment away from housing
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Report: grant HAs freedom
15/04/2011
Housing associations should receive more freedom to manage their assets in return for developing community ownership models, according to think tank Respublica.
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Pickles: councils 'glorifying in cuts'
14/04/2011
Eric Pickles has accused Liverpool and Manchester councils of ‘glorifying in cuts to the most vulnerable’.
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Banks to agree terms of HRA exit loans
14/04/2011
Three leading banks will meet with a group of councils next week to set out the terms under which they will offer loans to help them leave the housing subsidy system.
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Wates looks to expand as profits grow
13/04/2011
Wates Group has announced it intends to recruit 300 people during 2011, as it publishes positive annual results.
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Housing market remains flat in March
12/04/2011
Members of the Royal Institution of Chartered Surveyors have reported the housing market remained flat in March.
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Tribal sells social housing business
11/04/2011
Consultancy Tribal is selling its social housing business to Capita, as part of deal worth nearly £16 million.
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Scottish Labour party releases manifesto
08/04/2011
The Scottish Labour party has promised secure and affordable homes for tenants in its party manifesto.
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Asylum housing budget slashed by almost £30m
08/04/2011
The UK Border Agency is to slash the amount of money it spends on providing housing for asylum seekers by 17 per cent next year.
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Auction sales down by £8.8m
08/04/2011
Social landlords sold 90 homes at auction in March raising £19.92 million.
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Bleak house
08/04/2011
Housing should be top of the political agenda as the grim reality of the coalition’s cuts begins to bite, says Jon Cruddas
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Borrowing cost rise for sector
08/04/2011
Government moves to pay housing benefit directly to tenants have made it more expensive for social landlords to borrow from the capital markets.
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Dangers of cuts
08/04/2011
The shooting of two people in a convenience store in south London last week - one of them a five-year-old girl - was a terrible reminder of the challenges housing professionals face on a daily basis in many of the UK’s estates.
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Dark day for housing services
08/04/2011
Housing professionals have experienced the bleakest week for a generation as hundreds of projects closed or had their funding slashed.
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Hanover starts co-payments
08/04/2011
Hanover Housing tenants will be able to fast-track major improvements to their homes if they can afford to split the cost with their landlord.
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New homes bonus 'unfair'
08/04/2011
The new homes bonus will disproportionately benefit wealthier areas, the shadow housing minister has said.
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Northern landlords merge to save cash
08/04/2011
Northern landlords are increasingly looking to mergers to save money and offset reductions in future development grant.
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Softer approach would be welcome
08/04/2011
Is the Financial Services Authority softening its approach to mortgages, asks Michael Coogan
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The bricklayer’s charms
08/04/2011
New research shows the coalition could build more affordable homes than any government in the past 20 years. But what does the housing sector think? Carl Brown finds out.
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The REIT stuff
08/04/2011
REITS could help the private rented sector become the tenure of choice, says Simon Randall
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Town halls face legal threat over cuts
08/04/2011
Local authorities face being taken to court over their spending cuts, following a landmark court case.
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Winning formula
08/04/2011
The Budget was generally good news for the housing sector
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Government creating revolving fund to release land
07/04/2011
A revolving fund to encourage public bodies to release land for development more quickly could be set up by the government, a Homes and Communities Agency director has confirmed.
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Landlords in bid to escape paying VAT
07/04/2011
Three housing associations based in the midlands are to apply to HM Revenue and Customs to be exempt from paying value added tax on shared services.
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Tenants to get repairs cash
07/04/2011
Housing minister Grant Shapps is offering tenants cash to do repairs on their own homes.
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Firstbuy scheme launched
07/04/2011
The Homes and Communities Agency is inviting bids from house builders to offer homes for the £210 million firstbuy scheme.
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Wycombe Council transfers stock
07/04/2011
Tenants in Wycombe have voted in favour of transferring their homes to a newly formed housing association, releasing £103 million of investment.
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Councils will not get RDA land
06/04/2011
The government has ruled out transferring regional development agency land assets to local government when the agencies wind up next year.
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Managing risks
06/04/2011
The 2010 comprehensive spending review resulted in a radical change in how government helps to support the delivery of new affordable homes and promised to give housing associations the freedoms they need to innovate and deliver effectively.
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Benefit cut for underoccupiers 'will not save money'
05/04/2011
The government will spend more money than it saves by cutting housing benefit for social tenants who underoccupy their homes, Labour’s housing benefit spokesperson has warned.
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Final new homes bonus allocations announced
05/04/2011
The housing minister has announced the final allocations for local authorities as part of the new homes bonus scheme.
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Sickness benefit crackdown begins
05/04/2011
Ministers have launched their crackdown on sickness benefits, claiming half a million claimants could be ready to return to work straight away.
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Audit Commission savings 'ballpark'
05/04/2011
The government only produced a ‘ballpark figure’ for the savings it could make when it scrapped the Audit Commission, the housing minister admitted yesterday.
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Labour criticises affordable rent programme
05/04/2011
Labour MPs yesterday criticised the government’s affordable rent programme, claiming ministers were not planning to build any new social homes at all.
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Associations issue £31m bond but pay more
01/04/2011
Four housing associations have together raised £31 million on the UK bond market but have had to settle for a less attractive price than that for recent issues in the sector.
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£150m offer to plug long-term lending gap
01/04/2011
A Dutch lending model is being imported into the UK to provide £150 million worth of loans to housing associations struggling to secure long-term deals with their lenders.
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A step in the right direction
01/04/2011
While there might not be much in it for housing, George Osborne’s Budget sets a positive mood for the economy, says Chris Blackhurst
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Cameron set to beat house building record
01/04/2011
The coalition government is set to deliver more homes per year than any other administration for the past 20 years, according to the first major analysis of its affordable rent programme.
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Capital’s homes to cost £30bn
01/04/2011
It will cost £30 billion to deliver the homes London needs, according to a report due to be published by the mayor of London’s housing task force.
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Contest searches for new star
01/04/2011
A competition to find housing’s next leaders is being launched by the Chartered Institute of Housing and Inside Housing this week.
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Councils to pay LHA direct to landlords
01/04/2011
Councils will be able to protect private landlords from the government’s new benefits regime for two years.
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Double trouble
01/04/2011
The double subsidy prohibition should not arise if landlords play their cards right on feed-in tariffs
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Housing minister releases charity CD with The Clash
01/04/2011
Housing minister Grant Shapps is to release a charity version of The Clash’s ‘Should I stay or should I go?’ to publicise the government’s housing benefit reforms.
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Hyde ends Kinetics deal
01/04/2011
Hyde Group has terminated its £3 million gas servicing contract with contractor Kinetics.
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Landlords mull flotation
01/04/2011
As many as 17 social housing providers could become listed companies within a decade, according to research by KPMG.
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Tenants forced to grow cannabis
01/04/2011
Loan sharks are forcing social housing tenants to convert rooms into cannabis farms when they are unable to make repayments.
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Community budgets pilots to be launched
31/03/2011
Pilot areas for new community budgets will be launched tomorrow, the communities secretary has confirmed.
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Genesis sells its share in Church of England homes
31/03/2011
Genesis Housing Group has sold for £15 million its share of the company it created with property giant Grainger to buy up 1,100 Church of England homes.
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Merger creates new social housing giant
31/03/2011
Two housing groups have merged to become one of the largest providers in England.
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Taylor Wimpey sells US arm to focus on UK
31/03/2011
Taylor Wimpey has sold its US and Canadian housing business as it looks to focus on UK operations.
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New accounts rules to cost landlords up to £500k
31/03/2011
Housing associations face forking out up to £500,000 over the next three years to bring their book keeping rules into line with international accounting standards.
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Tribal profits down after public sector cuts
31/03/2011
Tribal Group has reported a £7.9 million drop in pre-tax profit but says it has increased its activity since the comprehensive spending review in October.
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Catalyst plans to issue bond
30/03/2011
Catalyst Housing Group’s chief executive has confirmed the group is seeking to issue a bond in May.
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Shelter: government needs to protect tenants in PRS
30/03/2011
Shelter is calling on the government to give tenants in the private rented sector more protection as it reports a surge in problems with landlords.
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Affordable rents difficult for larger London homes
30/03/2011
Landlords in London have said they will charge rents on larger properties at significantly less than 80 per cent of market rent.
-
Rewards for tenants shopping ASB neighbours
29/03/2011
Residents should be rewarded for shopping their anti-social neighbours to the police, the government’s safer communities tsar has urged.
-
House prices fall
29/03/2011
House prices in England and Wales fell by an average of 0.8 per cent last month, according to the Land Registry.
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Shared room rate to be brought forward
28/03/2011
Welfare reforms that opponents claim will put young people at risk of homelessness are to be brought forward by three months, the government announced today.
-
Housing executive to split and access private finance
28/03/2011
The Northern Ireland Housing Executive is to split in two and gain powers to borrow for the first time, the social development minister announced last week.
-
Lack of smaller homes for housing benefit changes
28/03/2011
Social landlords do not have enough smaller properties to accommodate tenants whose housing benefit is cut because they are underoccupying their homes.
-
Housing groups to march against public sector cuts
25/03/2011
Representatives from several housing organisations will be amongst the thousands of public sector workers and tenants expectd to march through London tomorrow to oppose government cuts.
-
FSA backs down on tough lending rules
25/03/2011
The Financial Services Authority has backed down on proposed mortgage lending rules that critics said would make it impossible for first-time buyers to get loans.
-
Asylum housing uncertain as Glasgow talks break down
25/03/2011
Talks between Glasgow Council and an accommodation provider over housing hundreds of asylum seekers have broken down over pensions.
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Beating the cuts
25/03/2011
Liverpool’s largest housing association is filling the gap left by grant cuts with its £700,000 social dividend fund, writes Helen Clifton
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Benefit cut will aid minorities
25/03/2011
The head of Britain’s equalities watchdog has suggested housing benefit cuts could help black and ethnic minority families.
-
Eaga grasps £300m for solar panel fund
25/03/2011
Green contractor Eaga is planning to launch a series of special purpose vehicles to capitalise on the government’s renewable heat incentive and invest in retrofitting social homes.
-
Lawyers revisit REITs to help landlords escape tax
25/03/2011
Lawyers are planning to tempt financially strong housing associations into creating a social housing real estate investment trust - four years after a similar plan was ditched.
-
Planning reforms could see developers pay for land after homes are built
25/03/2011
Councils and government departments have been told to stand up and be counted in a bid to get new developments off the ground.
-
Public homes rise masks regional gap
25/03/2011
The number of new social homes registered by housebuilders in England was 6 per cent higher between December 2010 and February 2011 compared with the same period last year, the latest National House Building Council figures reveal.
-
Senior housing staff issue stark warning over SP cuts
25/03/2011
Funding cuts to schemes for vulnerable people will lead to increased homelessness and service closures, housing professionals have warned.
-
Shapps and landlords unite in cuts letter
25/03/2011
Housing associations have joined housing minister Grant Shapps in an attack on ‘disproportionate’ cuts to Supporting People programmes.
-
Stamp duty could see thousands of homes built
25/03/2011
Landlords predict thousands of new homes could be built as a result of changes to stamp duty and real estate investment trusts.
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The last laugh
25/03/2011
There’s no room for fools this spring. A raft of fundamental changes affecting social housing come into force from 1 April which, if overlooked, will prove no laughing matter. Lydia Stockdale explains how to ensure the joke isn’t on you
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Housing association assets reach £100bn
24/03/2011
Housing association assets have hit the £100 billion mark for the first time, a report from the Tenant Services Authority has found.
-
Orr: ministers want to keep direct payments
24/03/2011
Work and pensions ministers are keen to explore ways of keeping direct payment of housing benefit to landlords, the head of the National Housing Federation has said.
-
Housing benefit changes will 'significantly impact' Wales
24/03/2011
Westminster’s decision to change housing benefit policies will have ‘significant impact’ on the work the Welsh Assembly Government is doing to improve housing, the deputy housing minister has warned.
-
Government 'cracking social housing finance pillars'
24/03/2011
Government reforms are cracking the pillars which stablise the social housing finance market, one of the sector’s largest lenders has warned.
-
Nottingham SP judicial review rejected
24/03/2011
A judicial review request to challenge Supporting People cuts made by Nottingham Council has been turned down by a High Court judge.
-
Firstbuy scheme a 'sticking plaster on a broken leg'
24/03/2011
The government’s first time buyer’s package will do little to help those in housing need, warned Shelter.
-
'Greenest government ever' under threat
23/03/2011
Sustainability figures have questioned the coalition’s claim to be the ‘greenest government ever’ after the Budget scaled back policies on zero carbon homes and retrofit.
-
Back to work
23/03/2011
Planning changes will deliver homes, but the government needs to get to grips with worklessness, argues Bob Taylor
-
A shot in the arm for housing
23/03/2011
Support for first time buyers is welcome, but it won’t solve the housing crisis on its own, says Steve Turner
-
A welcome Budget
23/03/2011
The Budget is good news for housing and regeneration, says Rebecca Bennett Casserly
-
Land auctions to be piloted
23/03/2011
The chancellor has announced plans to pilot ‘land auctions’ in a bid to stimulate growth by driving down the price of land for development.
-
Firstbuy scheme will require 5 per cent deposit
23/03/2011
The shared equity scheme announced by the chancellor today will be open to first-time buyers earning less than £66,000 but will require a 5 per cent deposit.
-
Santander warns over first time buyers scheme
23/03/2011
One of the housing sector’s largest lenders has sounded a note of caution over the chancellor’s new scheme to help first time buyers.
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Osborne unveils £250m shared equity scheme
23/03/2011
The chancellor has announced a £250 million relaunch of the government’s low cost homeownership scheme.
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Budget to unveil sweeping planning changes
23/03/2011
Major changes to the planning system are expected to be announced today as the chancellor unveils a Budget intended to promote growth.
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One in six homeless hostel beds under threat
22/03/2011
Supporting People cuts could lead to one in six of England’s homeless hostel beds becoming unavailable from April, Homeless Link has warned.
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Direct payments would harm credit ratings
22/03/2011
A leading ratings agency has warned that housing associations’ credit ratings will suffer if the government decides to pay housing benefit direct to tenants.
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Thousands of council staff earn more than £100k
21/03/2011
More than 2,000 council staff – including 73 in housing departments – received more than £100,000 last year, according to a pressure group.
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£1m package to tackle ASB
21/03/2011
The Home Secretary will today announce a £1 million funding package to help victims of anti-social behaviour.
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Budget to remove planning red tape
21/03/2011
The chancellor is expected to make it easier to turn empty commercial units into housing when he unveils his Budget on Wednesday.
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Barker scales back feed-in tariff scheme
21/03/2011
Campaigners have warned that government plans to scale back the feed-in tariff scheme will prevent housing associations from generating their own renewable electricity.
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Balancing the books
18/03/2011
The coalition government has introduced major changes to the way social housing is funded. Chloë Stothart looks at the resulting profits and losses for landlords and finds out whether the numbers add up
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City slickers
18/03/2011
There’s a new bonds player in the Square Mile hoping to attract housing associations with its flexible offer. Nick Duxbury meets the brains behind GB Social Housing to find out what the deal is.
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Councils seek HRA exit loan
18/03/2011
Councils plan to form a consortium to negotiate preferential loans from banks to fund their exit from the current housing subsidy system.
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Meet the bankers
18/03/2011
With government grants drying up, banks will be key to filling the sector’s funding gaps. Nick Duxbury asks which lenders housing finance directors should get to know
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Repricing fears as lender threatens loan cost hike
18/03/2011
Newcastle Building Society has become the first lender to attempt to reprice existing social housing debt because of increased external costs, prompting fears of widespread repricing by banks.
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Spring clean
18/03/2011
Considering rationalising your stock to boost your revenues? Richard Petty explains how to get your house in order
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Stick or Twist
18/03/2011
Only landlords that agree to shoulder more risk will qualify for state development funding from now on. Will they decide the stakes are worth playing for? Don’t bet your house on it, says Carl Brown
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Taking the wheel
18/03/2011
Leaving the council house subsidy system gives local authorities in England licence to take control of their finances for the first time. Neil Merrick finds out what they plan to do with their new-found freedom
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VAT cut tops Budget wishlist
18/03/2011
Changing UK value added tax rules would boost the social housing sector by at least £623 million a year, the National Housing Federation has said.
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Associations at risk of privatisation
16/03/2011
Associations risk being taken over by the government or the private sector if they don’t use their balance sheet capacity, the chief executive of the Chartered Institute of Housing has said.
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Councils to pay first-time buyer deposits
16/03/2011
Local authorities will put up the deposit to allow first-time buyers to get on the housing ladder, under a scheme unveiled today.
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Pension fund cash to boost social housing
15/03/2011
The Scottish Government is close to getting pension fund money into the social housing sector, the minister announced today.
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Mears reports 26% rise in profits
15/03/2011
Mears has reported increased turnover and profit and stated it is ‘well placed’ to benefit if rival firms go into administration.
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Homelessness applications rise
14/03/2011
Homeless applicants were up 15 per cent on the same quarter last year, according to government statistics.
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Mortgage lending drops
14/03/2011
January saw a sharp fall in mortgage lending, down 26 per cent from the previous month.
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Kier wins reduction on cover pricing fine
14/03/2011
Repairs and construction group Kier has won an appeal to reduce a fine obtained after an investigation into cover pricing.
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DWP considering impact of direct payments
11/03/2011
A senior Department for Work and Pensions official has admitted proposed changes to the way benefits are paid could harm social landlords.
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Coalfields cash drops
11/03/2011
Housing minister Grant Shapps announced a £30million funding for the government’s national coalfield programme yesterday, which was a slight drop from the previous three years.
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Associations face losing charity status
11/03/2011
Charity Commission tells providers to seek legal advice on implications of charging 80 per cent rent.
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Auction sales rise by £27 million
11/03/2011
Councils and housing associations sold 126 homes at auction in February, raising £28.67 million.
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East of England to top demand for housing in next 20 years
11/03/2011
Housing demand will rise the fastest in the east of England over the next 20 years, according to research from a leading think tank.
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Legal showdown looms as Broxtowe fights SP cuts
11/03/2011
Broxtowe Council is planning to launch legal action against Nottinghamshire Council to prevent the county authority slashing its budget for supported housing.
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Liverpool demands £11m from Shapps to make up SP shortfall
11/03/2011
Liverpool Council is demanding £11 million from the housing minister after he boasted of being so confident it had not received a huge Supporting People budget cut he would fund any shortfall himself.
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Liverpool pushes solar energy plan
11/03/2011
Housing associations in Liverpool plan to set up a city-wide enterprise to install photovoltaic panels on tens of thousands of homes.
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Make the case for housing
11/03/2011
Last year Inside Housing launched its House Proud, campaign to push housing up the political agenda in the run-up to the UK general election. Now it’s back to bang the drum for the sector as Scotland, Wales and Northern Ireland prepare to go to the polls. Emily Twinch and Isabel Hardman report
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Midland Heart plans £150m bond
11/03/2011
Midland Heart plans to issue a £150 million bond after securing a positive credit rating.
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Peabody issues £200m bond
11/03/2011
Peabody has raised £200 million on the UK bond market.
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Richer tenants to be targeted
11/03/2011
Housing associations are considering only letting affordable rent properties to tenants who can afford to pay the rent without help from housing benefit, the Chartered Institute of Housing has warned.
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Work with your lenders
11/03/2011
‘Re-pricing’ loans could lead to stand-off between landlords and lenders, says David Levenson
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Housing employees face longer working lives
10/03/2011
Housing staff will face larger pension contributions and have to work longer to cut the cost of public sector pension provision, a report said today.
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Tory policy will create fairer system for tenants, says minister
10/03/2011
Housing minister Grant Shapps has vowed Conservative policies will create a fairer system for tenants in his first column for Inside Housing.
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IDS promises help to families hit by benefit cap
09/03/2011
Families hit by the government’s £26,000 benefits cap for workless households will receive ‘intense’ help to prevent them losing their homes, the work and pensions secretary promised today.
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Neath Port Talbot Council transfers homes
09/03/2011
Neath Port Talbot Council has transferred its stock to a housing association despite protests the move should be dropped following a freedom of information ruling.
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Landlords 'must get used to non-direct payments'
09/03/2011
Social landlords have to prepare themselves for not getting direct payments of housing benefit, the deputy chief executive of the Chartered Institute of Housing has said.
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Affordable rents spark pre-election debate in Scotland
08/03/2011
The introduction of the affordable rent programme in England caused controversy yesterday as Scotland’s political parties sparred ahead of the country’s elections in May.
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House prices drop
08/03/2011
London was the only region in England and Wales to record rising house prices last month, according to a survey by the Royal Institute of Chartered Surveyors.
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Benefit cuts will make 30% of England unaffordable
08/03/2011
Housing benefit cuts in the Welfare Reform Bill will make a third of England unaffordable to low-income families, research has found.
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TSA warns landlords over vulnerabilities
07/03/2011
The Tenant Services Authority has warned two housing associations that they are ‘vulnerable to deterioration’.
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Councils need financial freedom to improve stock
04/03/2011
The Welsh Assembly Government is in talks with the UK Treasury to secure councils the financial freedoms they need to help meet the country’s tough housing quality standard.
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New bond player promises flexibility
04/03/2011
A new player in the social housing bond market plans to issue its first £150 million bond this summer.
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Pathfinder delays hit stock values
04/03/2011
Liverpool Council has written down the value of stock on one of its estates by £8.1 million as spending cuts stall regeneration plans.
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Leading house builder returns to profit
03/03/2011
Taylor Wimpey returned to profitability in 2010 after recording substantial losses the previous year, its annual results show.
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Prudential denies signing Kinetics deal
02/03/2011
Prudential has denied signing a £100 million deal with repairs contractor Kinetics to build solar panels on the roof of social housing blocks.
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Land Registry: house prices down 0.9%
01/03/2011
House prices were 0.9 per cent down in January compared to the same month last year, according to the latest Land Registry statistics.
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House builder reports surge in profits
01/03/2011
Persimmon has reported increased profits and completions in its results for the year to 31 December.
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Peabody bond issue imminent
01/03/2011
Housing association Peabody’s planned bond is expected to be issued within days.
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Housing associations increase borrowing
28/02/2011
The social housing regulator has reported the sector is holding up well despite tough economic conditions.
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Banks ‘need clarity’ on payments
25/02/2011
Private finance for the development of homes for affordable rent could be derailed unless the government resolves how housing benefit will be paid to social tenants, lenders have warned.
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Banks may re-price landlord debt
25/02/2011
Banks could use new rules to reprice housing associations’ debt, lenders have warned.
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Councils reject HRA conditions
25/02/2011
Councils have demanded the government drops legislation which could see authorities take on additional debt as part of their housing finance settlement.
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Shock to the system
25/02/2011
The government’s affordable rent regime is designed to sustain housing association development. But can it save development in the north, where many fear the model won’t work? Isabel Hardman investigates.
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Barratt doubles social housing completions
24/02/2011
Barratt has reported a doubling of its social housing completions.
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Kier boosts margins to drive up profit
24/02/2011
Kier has reported a 26 per cent rise in profits for the six months to 31 December.
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Genesis appoints replacement for finance boss
23/02/2011
Genesis Housing Group has appointed a new group director of finance after the surprise departure of Mark Gayfer last year.
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Accounting changes threaten loan deals
23/02/2011
Proposed changes to accounting rules could cause housing associations to breach loan agreements with banks, PricewaterhouseCoopers has warned.
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Lovell profits up after Connaught buy out
22/02/2011
Morgan Sindall has said its affordable housing business has been strengthened by the acquisition of contracts from stricken rival Connaught last year.
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ALMO attacks decent homes settlement
21/02/2011
A midlands arm’s-length management organisation has hit out at its ‘disappointing’ allocation of £86 million decent homes cash despite receiving the highest funding pledge outside of the capital.
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Eco-groups warn high interest green loans could hit retrofit plans
18/02/2011
Government plans to improve the energy efficiency of homes could be dashed by green deal loans with interest rates of more than 8 per cent.
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Excess baggage
18/02/2011
Councils will soon be released from the restraints of the housing revenue account. But will they be too weighed down by debt to make the most of their new-found freedom? Rhiannon Bury investigates.
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New rent rules restrict out of area investment
18/02/2011
Landlords fear funding rules for the government’s £1.8 billion affordable housing programme will prevent them ploughing cash raised in high-value areas into cheaper regions of England.
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Warning as charity stung by TUPE laws
18/02/2011
Supported housing providers may have to pay out hundreds of thousands of pounds in redundancy payments for services they unwittingly inherit from rival contract bidders.
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Councils awarded decent homes cash
17/02/2011
Local authorities which manage their own homes have been awarded decent homes funding for the first time, the Homes and Communities Agency has announced.
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Does affordable rent stack up?
16/02/2011
The Chartered Institute of Housing examines the government’s new affordable rent programme.
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CIH warns affordable rent model is flawed
16/02/2011
The Chartered Institute of Housing has said the principle behind the government’s affordable rent scheme is ‘flawed’, despite welcoming some of the plans.
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Negative response to affordable rent plans
15/02/2011
Details of plans to introduce fixed-term tenancies at higher rents have met a negative response, with one Conservative council immediately ruling out ending lifetime tenancies.
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First-time buyer drop raises concerns
15/02/2011
The proportion of buyers who are purchasing a home for the first time has dropped to below one in four, according to a survey by the website Rightmove.
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Tough bidding rules set for £1.8bn pot
14/02/2011
Landlords have been set strict criteria for applying for cash under the government’s new affordable rent programme.
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Ministers to set out affordable rent plans
14/02/2011
The framework document for the government’s new affordable rent regime will be published today.
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Carillion snaps up renewable energy firm
11/02/2011
Construction firm Carillion is to buy sustainable energy business Eaga for £306 million.
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Barratt plans move into private sector
11/02/2011
One of the country’s largest house builders is planning to set up as a private landlord.
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EU tendering costs 9,000 homes a year
11/02/2011
Freeing housing associations from European Union tendering requirements would allow them to build up to 9,000 extra homes a year, according to the National Housing Federation.
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Homes raise more than £750k
11/02/2011
Landlords sold 16 properties at auction in January raising more than £750,000.
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Investors target private rented sector
10/02/2011
Institutions are poised to invest up to £1 billion each in the private rented sector, according to a report by the British Property Foundation and London Councils.
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Funding models vulnerable to market
09/02/2011
A report has questioned the viability of funding models being put forward by the Scottish Government to secure investment in affordable housing.
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TSA warns landlords over exposures
09/02/2011
The Tenant Services Authority has issued warnings over exposures at four social landlords.
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Bellway reports positive start to year
08/02/2011
Bellway has reported an ‘encouraging’ start to 2011.
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Affordable rent ‘not worth the risk’ say associations
04/02/2011
Some of England’s largest housing associations could shun the government’s new affordable new rent regime because of the strain it will place on their balance sheets.
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Bills to increase for Scottish associations
04/02/2011
Scottish housing association turnover outpaced inflation in the last full financial year, but the sector faces significant financial stresses in the future.These were key findings in the Scottish Housing Regulator’s analysis of the finances of Scottish landlords in 2009/10, published this week.
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Councils concerned by HRA settlement plans
03/02/2011
Councils have raised concerns over plans to allow the settlement that will give them freedom on housing finance to be revisited after the initial payment.
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Housing association plans £100m bond
03/02/2011
London-based housing association Peabody is planning to raise at least £100 million on the UK bond market.
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Shapps unveils housing finance ‘revolution’
01/02/2011
The government has set out details of the payments councils in England will have to make to move to a self-financing system for council housing.
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LGA warns councils face £6.5bn shortfall
01/02/2011
The Local Government Association has warned local authorities face a £6.5 billion shortfall, as ministers confirmed the finance settlement for councils.
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House prices continue to fall
01/02/2011
House prices dipped slightly in December, according to the Land Registry.
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Contractor Kinetics in £2m cash call
28/01/2011
Social housing contractor Kinetics Group has secured an extra £2 million investment from its majority investor to cope with supply chain restrictions imposed in the wake of the collapse of rival firms Connaught and Rok.
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HCA to test viability of £500m bond
28/01/2011
The creation of a £500 million national housing bond has moved a step closer after the Homes and Communities Agency agreed to commission a panel of experts to test its viability.
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Public sector homes up by 8%
28/01/2011
Registrations for new public sector homes increased by 8 per cent in the past three months of 2010 compared with the same period the previous year, according to the National House Building Council.
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Restrictions to affordable rent regime revealed
28/01/2011
Housing associations have expressed alarm at the government’s plans for its affordable rent regime after a senior civil servant revealed that use of the new tenure will be restricted.
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Service charge to be included in 80% rents
28/01/2011
Service charges will be included in the new affordable rent regime, Inside Housing understands.
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The price is wrong
28/01/2011
The new 80 per cent rents will only be affordable for the affluent in inner cities
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Councils shun call to spare supported housing
25/01/2011
Councils are planning to push ahead with funding cuts to services for vulnerable people despite government recommendations, a survey has suggested.
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CBI boss attacks localism plans
25/01/2011
The government’s localism agenda has held back economic growth by throwing the planning system into chaos, the outgoing head of the CBI warned yesterday.
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Derby to cut £5m from housing budget
24/01/2011
Derby Council will reduce its health and housing budget by £5 million over the next three years, from £75 million to £70 million.
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Mortgage lending reaches new low
24/01/2011
Gross mortgage lending fell in December to the lowest value since 2000, according to the Council of Mortgage Lenders.
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Ujima suspect defends innocence
21/01/2011
One of the defendants in the Ujima money laundering case has claimed in court he had no reason to suspect he was handling stolen money.
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A climate for change
21/01/2011
Sustainability is the new buzz word but making your housing stock more eco-friendly needn’t be a maintenance nightmare, says John O’Brien
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Councils could block new rent
21/01/2011
Housing associations fear their ambitions to rent homes at the government’s new affordable rent level will be frustrated by councils opposed to the tenure.
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Find a better solution
21/01/2011
‘Of all the cuts, this is probably the most damaging.’ So Professor Ian Cole of Sheffield Hallam University this week said of the death throes of the nine housing market renewal pathfinders in the north and midlands.
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Housing associations to take the lead on planning blueprints
21/01/2011
Housing associations will play a key role in helping low-income communities draw up planning blueprints, the decentralisation minister has pledged.
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Landlords raise £11.9 million
21/01/2011
Landlords sold 55 properties at auction in December raising £11.9 million. A total of 16 councils and four housing associations successful sold houses or flats at auction.
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Moat creates valuation arm
21/01/2011
Moat is to set up a panel of experts to value its stock to prevent tenants from being charged too much rent.
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MPs: ‘Value of PFI must be improved’
21/01/2011
MPs have called for the Communities and Local Government department to ensure staffing cuts do not hamper efforts to improve the value for money of private finance initiative contracts.
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Nightmare on Greek Street
21/01/2011
The government has withdrawn funding from England’s first nine pathfinders. Without cash to complete their projects, Keith Cooper asks what the future holds for the areas they were created to regenerate and the residents trapped in nightmare neighbourhoods.
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Pathfinders could lose £1bn private investment
21/01/2011
The government’s decision to end the housing market renewal pathfinder programme has put £1 billion of private sector investment at risk and left almost 1,000 residents living in blighted neighbourhoods.
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Play the system
21/01/2011
Labour-led councils can use the coaltion’s social housing reforms to forge their own agenda
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Rent changes stop Teign merger
21/01/2011
A Devon housing association has pulled out of merger talks after deciding the government’s affordable rent model will allow it to develop independently.
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Review assesses effect of benefit caps
21/01/2011
The government’s £26,000 cap on the benefits a workless family can claim will provide ‘strong incentives’ to return to work, a new report suggests.
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Revive and restore
21/01/2011
There’s more incentive than ever to refurbish, not demolish, properties
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Scottish first for Glen Oaks with £14.3m bond deal
21/01/2011
A Scottish housing association has become the first landlord north of the border to raise long-term finance on the UK bond market.
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Spanner in the works
21/01/2011
With financial pressure mounting on housing organisations, repairs and maintenance staff are bracing themselves for a serious squeeze on resources. Simon Brandon finds out what the main budget threats are and if they can be avoided
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Tough Guy
21/01/2011
After the collapse of contractors Connaught and Rok there’s talk that Morrison could be next. Boss Guy Wakeley tells Carl Brown his company ‘cannot go bust’.
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House prices drop
20/01/2011
House prices decreased slightly in November from the month before, according to department for Communities and Local Government figures.
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Union threatens Hull Council with tribunal
20/01/2011
Union bosses have threatened to haul Hull Council’s housing maintenance contractors before an employment tribunal after they refused to pay 129 maintenance workers.
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Taylor Wimpey profits up
20/01/2011
Taylor Wimpey has reported better than expected pre-tax profits and a rise in affordable housing completions.
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Quarter of hostel bed spaces could go
19/01/2011
A quarter of hostel bed spaces for rough sleepers in England are threatened because of drastic Supporting People cuts, Homeless Link has warned.
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Residential builds down
19/01/2011
Residential project starts for the three months to December 2010 were down 31 percent compared to the same period last year, according to the latest Glenigan Index.
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Neath Port Talbot campaigners demand transfer re-think
19/01/2011
Campaigners in Wales are demanding a council drop plans to transfer its stock to a housing association after it was rapped over the knuckles for the way tenants were consulted.
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VAT rise 'picking pockets' in housing market
18/01/2011
Tax increases are ‘picking the pockets’ of those struggling to stay in their homes and hitting first-time buyers, warns a property website.
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L & Q set up in-house construction business
18/01/2011
London & Quadrant has set up its own in-house construction business.
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Ujima suspects deny knowingly handling stolen money
17/01/2011
Two people accused of money laundering at failed housing association Ujima have denied they knew they were handling stolen money.
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Charity loses deputy CEO
17/01/2011
Kent-based homelessness charity Porchlight is to lose its long-serving deputy chief executive Rachel Holliday in March as part of a restructuring process.
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HCA sets up engineering panel
17/01/2011
A total of 15 companies have won a place on a new panel designed to make it easier for councils and housing associations to access technical engineering services.
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Housing cash should stay in Wales, says Lib Dem spokesperson
17/01/2011
The Welsh Liberal Democrat housing spokesperson has called for housing funding rules to be changed after figures revealed social landlords are struggling to meet housing refurbishment standards.
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Loans for house purchases drops, says CML
17/01/2011
The number of loans taken out for house purchases went down by 15 per cent in November from the same month the year before, according to Council of Mortgage Lender figures.
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One hundred thousand council jobs at risk, says the GMB
17/01/2011
The number of local authority jobs at risk has topped 100,000, a leading trade union has warned.
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Bovis expects profits to be better than expected
14/01/2011
Bovis has said it expects its 2010-11 profits to be better than it expected but has warned trading conditions this year will be subdued.
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Affordable rent could add £1bn to benefit bill
14/01/2011
The government’s plans for a new ‘affordable rent’ tenure could add over £1 billion to the housing benefit bill.
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Mitie wins £110m contract
14/01/2011
Mitie has won a £110 million repairs and maintenance contract.
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Councils told to raise rents by 6.8 per cent
14/01/2011
The government has recommended that all councils raise their rents by 6.8 per cent from April this year.
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Hyde chief exit follows unrest
14/01/2011
The departure of Hyde’s chief executive followed months of disagreements between senior staff and board members about the direction of the 32,000-home group, Inside Housing can reveal.
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Landlords plan major cost cuts
14/01/2011
Nearly one in four housing associations are planning to reduce their costs by more than £750,000 in the next financial year, according to a study by accountancy firm Baker Tilly.
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Pathfinders look to EU for £50m lifeline
14/01/2011
Housing market renewal pathfinders are seeking to plug a shortfall of at least £50 million with European funds to keep regeneration work on track.
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Readers dig deep for charities
14/01/2011
People in housing difficulty will now get more help, thanks to Inside Housing readers.
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Revealed: the HCA’s eco-evaders
14/01/2011
Major social housing developers were granted permission to ignore national eco-standards for most of the government-funded homes they built.
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Fast-track evictions unlikely to work, says housing association
13/01/2011
The government’s plans to allow social landlords to fast-track evictions is unlikely to work because of recent case law, says Riverside Housing Association.
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£96.4m borrowing potential for HAs
13/01/2011
Four housing associations could increase their combined borrowing capacity by £96.4 million over five years by selling off stock or switching empty properties to different tenures.
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Housing benefit cuts endanger Scottish homelessness pledge
13/01/2011
The Westminster government’s controversial housing benefit reforms risk scuppering Holyrood’s pledge to end homelessness in the country by 2012.
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Central Beds Council 'slowest in the country' on benefits
13/01/2011
Inspectors have criticised Central Bedfordshire Council’s benefits service for being the ‘slowest in the country’ for paying claimants.
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Mortgage lending to remain constrained, says Hometrack
13/01/2011
Mortgage lending will continue to be restrained throughout 2011, according to Hometrack.
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Barratt announces increase in social housing sales
12/01/2011
Barratt has announced a significant increase in its social housing sales.
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Crown Estate confirms sale to Peabody
12/01/2011
The Crown Estate has confirmed it will sell four London housing estates to Peabody.
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Thousands could be hit by legal aid cuts, says Unite
12/01/2011
Thousands of the most vulnerable people - including those in social housing- could be hit by the government’s legal aid reforms, workers’ union Unite said.
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Mears reports 'watershed' year
12/01/2011
Mears has reported a £100 million increased in its order book due to contract wins at the end of a ‘watershed’ year.
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House prices fall more than expected, says Halifax
11/01/2011
House prices fell by 1.3 per cent in December, more than experts had predicted, according to figures from Halifax.
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Workers forced onto housing benefit, says Unison
11/01/2011
Low wages and high rents are forcing hundreds of thousands of workers onto housing benefit, a trade union has warned.
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Basildon ALMO could close
11/01/2011
Basildon Council is considering closing its arm’s-length management organisation.
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Welsh council sets up own estate agency
10/01/2011
A council in Wales has set up an estate and lettings agency to bring in cash to the council and help the homeless.
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‘Transparency’ plans spark debt warning
07/01/2011
Ministers’ plans to make housing associations publish details of all spending over £500 risks pushing their £40 billion private debt portfolio onto the public sector balance sheet.
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A new year erupts
07/01/2011
Are you ready for another explosive year? To stop you getting lost amid the shifting landscape, Lydia Stockdale has the essential guide to the months ahead
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Brave new world
07/01/2011
Despite all the government cuts things aren’t as bad as they seem as long as landlords are prepared for change, says new columnist Richard Kemp
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Looking ahead
07/01/2011
As Inside Housing has asked a group of chief executives to peer into the murk of 2011 and conjure up some predictions for the changing shape of housing over the next 12 months, it seems only fair that I put my own neck on the line. So here goes:
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Southwark has £314m budget black hole
07/01/2011
London’s largest local authority landlord has downgraded the standard for its decent homes refurbishment programme after uncovering a £314 million black hole in its budget.
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US fund to loan landlords up to £1bn
07/01/2011
A US-based infrastructure fund is set to start lending to housing associations within months, according to its British representative.
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We need a fair deal
07/01/2011
The government must give local authorities a fair deal on housing finance reform if localism is to work
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What’s on the cards for 2011?
07/01/2011
The events of 2010 caught many in social housing by surprise. To avoid similar shocks in 2011, Inside Housing asks eight housing chiefs to dabble in tarot and predict the year ahead. Nick Duxbury listens in.
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Four associations face financial threats
06/01/2011
The Tenant Services Authority has warned of risks to the finances of four housing associations, in its latest set of regulatory reports.
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Flexibility needed to meet building goals
05/01/2011
Housing associations will need flexibility to use some of their stock for low-cost homeownership or outright sale to meet house building goals, a study has found.
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House price rise slows downward trend
04/01/2011
Nationwide has reported a slight increase in house prices for December.
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Minister seeks stable house prices
04/01/2011
Grant Shapps has pledged to use government levers to encourage house building in a bid to stabilise house prices.
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Land Registry finds prices down 0.6%
31/12/2010
House prices fell 0.6 per cent between October and November, according to the Land Registry.
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Hometrack records 1.6% price fall for 2010
27/12/2010
House prices fell by an average of 1.6 per cent across England and Wales during 2010, according to Hometrack.
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Rok owed £360m at time of collapse
24/12/2010
Stricken contractor Rok owed at least £360 million at the time of its collapse in November, a report by administrator Pricewaterhouse Coopers has revealed.
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Tenure split for £4.5bn building fund
21/12/2010
The government intends to split its development funding between homes for social rent and its new affordable rent product.
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Doncaster ALMO to shed 100 jobs
20/12/2010
Doncaster Council’s arm’s-length management organisation is expecting to lose around 100 jobs as a result of anticipated £2 million cuts to its budget.
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Low-cost home ownership sales plummet
20/12/2010
Sales of low-cost homes by housing associations fell by 11 per cent in the last quarter, according to new figures from the Tenant Services Authority.
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Government faces grilling over cost of Localism Bill
17/12/2010
The government is to be quizzed about the cost of neighbourhood plans following claims they will cost the Treasury a six-figure sum.
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New fund to attract £1.4bn for retrofit
17/12/2010
A £5 million revolving fund will attract a further £1.4 billion to retrofit more than 62,000 homes in the south east of England by 2050, a housing association has claimed.
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Pickles plots probe into spending
17/12/2010
Ministers are looking to force housing associations to publish details of expenditure over £500 if they want to access development grant.
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The year that changed social housing forever
17/12/2010
With a new government, massive reforms and brutal cuts, the past 12 months has seen unprecedented change to the social housing landscape. Inside Housing looks back at the major events of 2010
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Welsh investment plan is scrapped
17/12/2010
A plan to use Welsh housing association properties to attract £100 million of private funding for house building is set to be ditched after concerns from the sector.
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Infrastructure fund delivers alternative to bonds
16/12/2010
A British representative for a US-based infrastructure fund has launched a programme to make hundreds of millions of pounds available for social housing projects.
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Lovell secures Norwich contracts
16/12/2010
Lovell has been awarded three contracts by Norwich Council for an undisclosed sum.
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Northern areas bear brunt of spending cuts
15/12/2010
Northern communities will be worst hit by local government spending cuts, the National Housing Federation has found.
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Surveyors predict continuing price falls
14/12/2010
House prices continued to fall in November, according to the latest figures from the Royal Institution of Chartered Surveyors.
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Poor areas hit by local government cuts
14/12/2010
Some of the poorest areas of England will see the most severe local government funding cuts next year.
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Joint venture to build homes in south east
14/12/2010
A developer and an investment company have formed a joint venture to invest up to £150 million in providing around 500 new homes in London over the next nine months.
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Treasury to keep bulk of RTB receipts
13/12/2010
The government will continue to receive 75 per cent of receipts from right to buy sales following reform of the council housing finance system.
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Pickles issues delayed Localism Bill
13/12/2010
Communities secretary Eric Pickles has introduced the Localism Bill to parliament, paving the way for a radical overhaul of social housing.
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Funding cuts may undermine Localism Bill
13/12/2010
Local government funding cuts due to be announced today could undermine the objectives of the Localism Bill, a think tank has warned.
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Apollo wins refurbishment contracts
10/12/2010
Apollo has won three contracts worth a total of £12 million.
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Auction sales down by £14.1m
10/12/2010
Social landlords sold 24 homes at auction in November raising £3.3 million.
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Don’t lose initiative
10/12/2010
The public will be forced to pay for social housing if private finance initiative funding is cut
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HCA targets large landlords
10/12/2010
A radical shake-up of social housing funding could allow a handful of large housing associations to snap up the bulk of government funding until 2015.
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Lessons must be learned
10/12/2010
After the collapse of Connaught and Rok, it would be reckless to lose any more of our building services firms, says Chris Blackhurst
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Plus Dane leads call for £500m bond
10/12/2010
A housing association is in talks with the Homes and Communities Agency about issuing a £500 million group national bond to fund more development.
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Shared ownership lenders quadruple
10/12/2010
The number of lenders in the £1.38 billion shared ownership market has nearly quadrupled in a year as more small building societies offer products in their local areas.
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Westminster co-op has new leaders
10/12/2010
A housing co-operative declared ‘technically insolvent’ has come under the control of a new management committee, which says it can trade successfully.
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Social landlords given key role in Green Deal
09/12/2010
The government has confirmed social landlords will become accredited ‘Green Deal providers’ under its multi-billion pound flagship retrofit scheme, being unveiled today.
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Councils seek early exit from HRA
08/12/2010
Three local authorities will today ask the government to allow them to leave the council housing finance scheme early.
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FSA under pressure to relax mortgage plans
08/12/2010
Housing minister Grant Shapps has suggested the government would like to see the Financial Services Authority revise its proposals for mortgage regulation.
-
Banks set to offer growth fund support
07/12/2010
Lord Heseltine has revealed that four high street banks are working with the government on allowing projects access to the £1.4 billion regional growth fund.
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Against the tide
03/12/2010
Despite the tough climate, councils can still play a key role in securing new homes
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Bid for ALMOs to access private cash
03/12/2010
Arm’s-length management organisations could access private finance under new models being developed by policy leaders.
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Cash-strapped councils slash SP budgets
03/12/2010
Supported housing budgets could be devastated in parts of England following savage cuts planned by local authorities.
-
Rent review could lower credit rating
03/12/2010
Housing associations hoping to use the new affordable rent regime to attract private finance will have to cut their development levels or risk weakening their credit rating, analysts have warned.
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Stunell: new rent will deliver
03/12/2010
The government’s controversial new rent regime is likely to boost social housing supply, the communities minister has claimed.
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Thames Valley HA to lend mortgages
03/12/2010
A housing association has set itself up as a mortgage lender because of its frustration with established lenders restricting the number of shared ownership loans they make on its schemes.
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Two sides of the coin
03/12/2010
When the Crown Estate announced it was selling 1,230 affordable homes in London there was a powerful resident backlash, forcing the Crown to sell the homes to social landlord Peabody at £100 million less than the original asking price. Nick Duxbury finds out whether tenants are happy and if the taxpayer has got a raw deal.
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November house prices fall 0.3 per cent
02/12/2010
House prices fell 0.3 per cent in November, taking them back to within half a per cent of prices a year ago, according to Nationwide.
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Council sells homes to fund building
02/12/2010
Islington Council is to pilot a shared ownership scheme designed to raise income to fund new social housing.
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Watchdog to examine Connaught audit
30/11/2010
A watchdog has launched an investigation into Pricewaterhouse Cooper’s auditing of Connaught’s accounts before its demise.
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Data firm predicts 2011 house price fall
29/11/2010
House prices will fall 2 per cent by the end of next year as demand slumps, according data company Hometrack.
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£26m cut threatens new home building in Wales
26/11/2010
The Welsh social housing sector is trying to find ways to boost supply after it emerged social housing grant is the biggest loser in the the country’s budget.
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ALMO funding may be slashed
26/11/2010
Arm’s-length management organisations could bear a significant burden of their parent councils’ cuts, a report has warned.
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On the mend
26/11/2010
The collapse of social housing contractors Connaught and Rok has left many landlords’ maintenance contracts in disarray. Here Lydia Stockdale speaks to three housing associations to find out how they are coping and what lessons they have learned.
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Out with the old
26/11/2010
The Scottish Housing Bill marks the dawn of a new era for social landlords north of the border, says Jackie McGuire
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Reform casts a long shadow
26/11/2010
‘I know this is not going to be easy,’ says housing minister Grant Shapps in the foreword to the consultation document published this week, which effectively sweeps away decades of social housing policy in England. He is not wrong.
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Time to tighten the belt
26/11/2010
VAT is set to rise to 20 per cent on 1 January, adding more than £100 million to housing associations’ maintenance bills overnight. Neil Merrick investigates how landlords can reduce the impact
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Holt stands down as Mears chief executive
25/11/2010
The chief executive of social housing repairs and maintenance contractor Mears, Bob Holt, is stepping down from the role.
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Contractor seeks social housing work
24/11/2010
Mitie has reported an increase in pre-tax profit and has said it intends to win more social housing contracts.
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TSA confirms 5.1 per cent rent increase
24/11/2010
The Tenant Services Authority has confirmed next year’s guideline limit for housing association rents will be increased by 5.1 per cent.
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Government withdraws £1.98 billion PFI funding
22/11/2010
Councils face a battle to fund major regeneration projects after the government announced it is to withdraw almost £2 billion of housing private finance initiative credits.
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Councils must wait for debt settlement
22/11/2010
Local authorities will learn how much debt they must take on to gain full control of their housing revenues early next year.
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A fair trade?
19/11/2010
The irony of the announcement last Thursday by housing minister Grant Shapps that all councils would be able to bid for £1.6 billion of decent homes funding over the next four years has not been lost on arm’s-length management organisations.
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ALMOs could stop decent homes work
19/11/2010
Angry arm’s-length management organisations could be forced to stop decent homes work almost immediately, following a hard line government funding settlement.
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Council tenants face 6.8% rent hike
19/11/2010
Council rents are set to rise by 6.8 per cent from April, prompting fears that tenants face a bleak new year.
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Give us our fair share
19/11/2010
Shared ownership can help the housing crisis but the FSA’s review is not helping
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Investor to buy housing associations' shared owner units
19/11/2010
A property investment company is in discussions with 30 housing associations about buying 10,000 of their shared home ownership properties, in a move which could provide landlords with a new source of finance.
-
Landlords seek clarity on direct payments
19/11/2010
Social landlords are seeking clarity on whether benefit reforms will see them issued with payments directly.
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Sector angry at FSA mortgage proposal
19/11/2010
Proposed changes to mortgage market rules would make it impossible for lenders to make loans to millions of would-be first-time and shared ownership buyers, say leading figures in the social housing sector.
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Setback for bank launch
19/11/2010
Plans to launch a £175 million shared ownership bank have suffered an early setback after an initial meeting was called off due to lack of interest.
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SFHA attacks ‘flawed’ study
19/11/2010
A report suggesting housing associations could build homes using less public money and that local authorities could raise rents is ‘flawed’, the Scottish Federation of Housing Associations has said.
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Councils to get more cash from development
18/11/2010
New reforms will give more of the benefits of development to communities while providing more certainty for industry, decentralisation minister Greg Clark said today.
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Construction firm to buy parts of Rok
18/11/2010
Mansell Construction Services is to buy parts of the construction and house building division of stricken contractor Rok for £7 million.
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Disappointment at Scottish and Welsh budget cuts
18/11/2010
Charities and sector bodies have called the housing budget cuts in Wales and Scotland ‘disappointing’ and ‘a bitter blow’.
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80 per cent rents to fund 7,800 new homes
18/11/2010
Housing associations charging affordable rents on a third of their re-lets would generate up to £793 million of extra borrowing capacity a year, according to research by Hometrack.
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Welsh slash housing spending
17/11/2010
The Welsh Assembly Government has cut its housing budget by £26 million.
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Scottish Government cuts housing budget
17/11/2010
The Scottish Government has cut its housing and regeneration budget from £448 million to £390.8 million.
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Association taps bond market for £124m
17/11/2010
Circle Anglia has raised £124 million on the UK bond market to fund its development plans.
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Barratt sales down during autumn
17/11/2010
House builder Barratt Developments has had a weaker autumn than expected.
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Mortgage review threatens housing market
17/11/2010
Housing bodies have written to the chancellor warning proposed changes to mortgage regulation will have ‘dire consequences’ for the market.
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Administrators shed 1,800 jobs at Rok
16/11/2010
The administrators for Rok have announced 1,800 redundancies, but said discussions on the sale of the social housing business are continuing.
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L&Q sets up £1.25bn house building fund
16/11/2010
London and Quadrant is to set up a £1.25 billion revolving facility to fund new homes.
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Taylor Wimpey expects subdued market
16/11/2010
Taylor Wimpey has reported a solid order book but warned that trading will be subdued for the rest of the year due to economic uncertainty and a lack of mortgages.
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Finance reforms could fund 1 million homes
16/11/2010
Reducing the cost of land and the interest rates paid by social landlords could fund one million new homes in the next five years, a think tank has said.
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Rok faces split as bids are finalised
15/11/2010
Administrators for the building and maintenance contractor Rok are hoping to announce which companies will take on its work this week.
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Persimmon sales remain stable
15/11/2010
Persimmon has reported its sales volumes are remaining stable and prices holding firm.
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Scots urged not to slash housing budget
15/11/2010
Scottish ministers have been warned not to follow the UK government’s lead in slashing housing budgets when they unveil their spending plans this week.
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Government gives NTV grant
12/11/2010
Four national tenant organisations have been given £50,000 from the government to look into ways of continuing to operate a national tenant council.
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Call to review lending rules
12/11/2010
Landlords are urging the Financial Services Authority to change mortgage lending rules to encourage shared ownership schemes.
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Developers to face additional charge
12/11/2010
Southwark Council plans to raise money for new homes by charging developers a premium on the extra profit they make from developments which don’t include affordable housing.
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Rent increase of 5.1% confirmed
12/11/2010
Housing associations will be able to set rent increases of 5.1 per cent next year, increasing the sector’s turnover by more than £480 million pounds.
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Repairs crisis as Rok enters administration
12/11/2010
Several landlords are facing a second battle in as many months to keep repairs services running, after Rok went into administration this week.
-
Social landlords raise £17.4m
12/11/2010
Social landlords sold 85 homes at auction in October raising £17.4 million.
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Support our charities this festive season
12/11/2010
Inside Housing this week launches its Christmas appeal designed to help some of the UK’s most important causes during the current turbulent economic times.
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Decent homes cash opened up to councils
11/11/2010
Councils will be able to bid for decent homes funding for the first time, the housing minister announced today.
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Surveyors gloomy on market prospects
09/11/2010
The latest data from the Royal Institution of Chartered Surveyors shows its members believe house prices are continuing to fall.
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Lovell to make £100m from Connaught deal
09/11/2010
Morgan Sindall expects the contracts it acquired from Connaught to increase its 2011 revenue by £100 million.
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Building drive will cut social housing
09/11/2010
Social housing stock in England will decline by 123,000 homes over the next four years as a result of government proposals, the National Housing Federation has calculated.
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Administrator seeks buyer for Rok
08/11/2010
The administrator of building and maintenance company Rok has said its immediate priority is to find a buyer for the business.
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CLG given timetable for housing reform
08/11/2010
The government has published a business plan for the Communities and Local Government department, setting out how it will meet housing aspirations.
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Connaught creditors face bleak prospects
08/11/2010
Connaught’s social housing arm had around 50,000 unpaid invoices at the time of its collapse.
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Galliford Try issues trading update
08/11/2010
Galliford Try has reported a strong balance sheet and a steady order book.
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Rok board puts firm into administration
08/11/2010
Social housing contractor Rok will be put into administration, the company has this morning announced.
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‘Affordable rent’ to derail development
05/11/2010
Social landlords in the north and midlands are set to be the biggest losers under the government’s new affordable rent regime.
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Landlords form ‘virtual’ boards to avoid bank fees
05/11/2010
An increasing number of housing associations are forming ‘virtual’ boards to avoid incurring million pound bank charges when they collapse their group structures.
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On the continent
05/11/2010
The EU must reflect the role social landlords can play in achieving wider targets in its budget review
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Quite contrary
05/11/2010
Can Mary Taylor take Scottish housing associations in a new direction following a turbulent four years? In her first interview since taking the job, the new Scottish Federation of Housing Associations boss talks to Emily Twinch about preparing for the challenges ahead.
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Time for creative thinking
05/11/2010
‘Once more unto the breach, dear friends,’ came Henry V’s celebrated cry to his troops as they besieged the French city of Harfleur in 1415. At least that’s Shakespeare’s rendering of events.
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Where do we go from here?
05/11/2010
Within 24 hours of George Osborne’s comprehensive spending review announcement, Inside Housing convened a round table of housing finance chiefs to see how they were coming to terms with the chancellor’s cuts. Carl Brown reports
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London seeks half of new homes cash
04/11/2010
Boris Johnson is asking for half of the money available for building new affordable housing over the next four years to be spent in London.
-
Small providers fear regulatory changes
03/11/2010
Smaller housing associations are concerned new powers for the Scottish Housing Regulator could see them forced into mergers.
-
Aldwyck takes over Connaught venture
03/11/2010
Housing group Aldwyck will become the sole owner of a maintenance firm it set up with collapsed contractor Connaught.
-
Mears positive after spending review
03/11/2010
Mears has reported a strong performance since the summer with an order book worth £2.6 billion.
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Scottish ministers urged to resist cuts
02/11/2010
Senior figures in the housing world in Scotland have written to first minister Alex Salmond urging him not to drop funding for housing.
-
Price fall nears 1 per cent a month
01/11/2010
House prices continued to fall in October as the number of homes for sale outstripped the number of potential buyers, according to the latest market survey.
-
Rent rise threatens housing benefit reforms
29/10/2010
Ministers have been warned plans to increase rents for affordable housing will drive up housing benefit costs and discourage tenants from seeking work.
-
Grant freeze marks death of social housing
29/10/2010
The government has no intention of providing new direct grant for social housing in the next five years, heralding its slow death as a form of tenure.
-
Hit where it hurts
29/10/2010
The coalition insists everyone will suffer from cuts made in the comprehensive spending review - but some will feel more pain than others, argues Chris Blackhurst
-
Investors must learn
29/10/2010
As cutbacks force more families into private rentals the market must adapt
-
Stormy weather
29/10/2010
Last week’s comprehensive spending review hit social housing hard. Martin Hilditch assesses the damage
-
Subsidy withdrawal heavily criticised
29/10/2010
The coalition government’s decision to bring the curtain down on social housing has shocked senior figures across the sector and beyond.
-
The bigger picture
29/10/2010
Reduced investment in social housing is a heavy blow, but building new homes is only part of the solution to the sector’s problems
-
Land Registry puts price fall at 0.2%
28/10/2010
House prices decreased slightly in September, according to the Land Registry price index.
-
Tough times ahead
28/10/2010
On the eve of his departure from the HCA, Sir Bob Kerslake looks at what the agency has achieved and how the sector can adapt to the ‘fundamental’ changes in the spending review
-
Nationwide records further house price fall
28/10/2010
House prices fell 0.7 per cent in October according to Nationwide, strengthening the recent downward trend.
-
Spending review is 'assault' on tenants
27/10/2010
Campaigners have accused the government of launching an assault on tenants’ rights in its comprehensive spending review.
-
Rent rises to be lower than expected
26/10/2010
New intermediate rents will be set at 80 per cent of local housing allowance levels not of open market rent, Inside Housing understands.
-
Council merger could save £100m
25/10/2010
The housing departments of three London councils could merge as part of a plan to save up to £100 million.
-
£100m to bring empty homes back into use
25/10/2010
The Government has announced a £100 million fund to bring empty homes back into use as part of the comprehensive spending review.
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Cuts will have 'devastating impact' on Northern Ireland
25/10/2010
Politicians and social landlords in Northern Ireland have warned that the comprehensive spending review will have a ‘devastating impact’ on housing in the province.
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Four in 10 jobs could go at CLG
22/10/2010
Up to four in 10 jobs could be axed at the department for Communities and Local Government following the spending review, it has been announced.
-
Boris to set up housing taskforce
22/10/2010
Boris Johnson is to set up a housing investment task force to try and attract private financing to the sector.
-
Wales confident assembly will not decimate housing budget
22/10/2010
Umbrella groups in Wales are confident the Welsh Assembly Government will not follow the UK Government in its major slashing of investment in affordable housing.
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Increased rents could build 15,000 homes a year
22/10/2010
The new rent regime could generate £1.5bn of extra borrowing capacity for housing associations enabling nearly 15,000 new homes to be built a year, the Chartered Institute of Housing has calculated.
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Genesis finance director quits
22/10/2010
The director of finance of Genesis Housing Group is to leave his post without a job to go to.
-
Landlords call on EU to open up its £200bn fund
22/10/2010
Landlords across Europe are calling for the EU Commission to release billions of pounds of extra funds for housing in member states.
-
Landlords split over power to set higher rents
22/10/2010
Landlords are divided over plans to allow rents of up to 80 per cent market value for new social housing tenants.
-
Liverpool and EDF in largest ever CESP deal
22/10/2010
Liverpool Mutual Homes and EDF energy have agreed the largest deal to date under the Community Energy Savings Programme.
-
New regulator will push landlords to build
22/10/2010
The Homes and Communities Agency will be charged with pushing landlords to stretch their assets to compensate for the absence of grant, when it takes responsibility for regulation.
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Swept aside
22/10/2010
How housing’s spending review pain began in negotiations to form the coalition government
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The bonfire of the quangos
22/10/2010
The government is scrapping hundreds of quasi-public bodies, some of which are important to housing. But which ones will actually be missed and by whom? Chloë Stothart finds out.
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The first cut is the deepest
22/10/2010
Social housing ‘is currently failing to address the needs of the country’ and must be reformed.
-
Sustainable projects spared spending axe
21/10/2010
Sustainability campaigners have expressed relief that the government has not cut subsidies for microgeneration of heat and energy.
-
Homelessness grant held at £100m a year
21/10/2010
Homelessness grant is to remain at £100 million a year for the spending review period, but concerns have been raised about the removal of ringfencing.
-
Councils face debt struggle at RTB plans frozen
21/10/2010
Plans to allow councils to keep right to buy receipts are to be suspended for the four year comprehensive spending review period.
-
Shapps defends ‘radical’ social housing reforms
21/10/2010
The Communities and Local Government department had an ‘enormous’ and ‘over-bloated’ budget before it was cut in half, according to the housing minister.
-
Spending cuts to hit most vulnerable hardest
21/10/2010
Plans to slash social housing budgets and drive up rents will hit the poorest members of society hardest, practitioners have warned.
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Ready for the challenge
20/10/2010
There are no great surprises in the CSR – we all knew cuts were coming and in this current climate we all have to “do better with less” – this is where we need to think differently and maximise the potential of all our staff and resources to get the best out of them for those we serve.
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All change
20/10/2010
Mike Wilkins, chief executive of London-based Ducane Housing Association, offers his initial reactions to the spending review
-
Social landlords to set tenancies and rents
20/10/2010
Social landlords are to be given the freedom to raise rents towards market levels and introduce time-limited tenancies, the government has announced.
-
Scots fear housing cuts as budget falls
20/10/2010
Housing organisations in Scotland are calling on the Scottish Government not to slash affordable housing budgets as the country’s funding drops nearly £1 billion.
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A fair future?
20/10/2010
Public service reform and fairness are said to be the guiding principles of the comprehensive spending review. Reform of social housing is seen to be part of this.
-
Supporting People budget reduced
20/10/2010
The government has promised to protect vulnerable people despite cutting Supporting People funding by 11.5 per cent, to £6 billion.
-
CLG budget to be cut by 51 per cent
20/10/2010
The Communities and Local Government department is to have its budget cut by 51 per cent over the next four years.
-
Osborne raises rents and slashes funding
20/10/2010
Capital funding for social housing is to be cut by £4 billion and social rents set at 80 per cent of market levels, the chancellor has announced.
-
Green campaigners threaten legal action
20/10/2010
The government could face legal action if it cuts payments to homeowners who generate their own renewable energy.
-
Think tank labels HCA cuts 'desirable'
20/10/2010
The budget of the Homes and Communities Agency could be cut by 50 per cent without major damage to the supply of affordable housing, a think tank has claimed.
-
Public backs cuts to social housing funding
20/10/2010
The public supports cuts to social housing but believes services tackling crime and anti-social behaviour should be protected, a survey had found.
-
Sector rallies against ‘devastating’ cuts
19/10/2010
Housing bodies have warned cuts expected in the spending review will have a ‘devastating’ impact on the most vulnerable members of society.
-
HCA publishes spending breakdown
19/10/2010
The Homes and Communities Agency has for the first time published a detailed breakdown by local authority area of its spending.
-
Johnson: tax bankers to ease spending cuts
19/10/2010
The shadow chancellor has said the government should increase tax revenues to lessen the impact of capital spending cuts on affordable housing.
-
Secure tenancies face axe as funding is cut
19/10/2010
Ministers are expected to scrap tenancy for life in the wake of massive funding cuts in tomorrow’s comprehensive spending review.
-
HCA committee to regulate social housing
18/10/2010
An independent committee is to be set up with the Homes and Communities Agency to replace the Tenant Services Authority.
-
Budget cuts would halt HCA funding
18/10/2010
Spending cuts could mean the Homes and Communities Agency will not be able to fund any new house starts next year, one of its directors has warned.
-
Social housing ‘to be hit with £8bn cuts’
18/10/2010
Social housing could see cuts of around £8 billion as part of the comprehensive spending review on Wednesday.
-
Financial changes threaten affordable housing
15/10/2010
Weakening the financial position of housing associations could have serious social consequences, a consultant has warned.
-
£125bn could be unlocked to fund homes
15/10/2010
A more commercial approach to asset management could unlock £125 billion from landlords’ balance sheets to fund new homes, a consultancy has said.
-
A bitter pill to swallow
15/10/2010
The coalition government’s cutbacks are starting to bite and it’s only just the beginning, says Jon Cruddas
-
All of capital’s councils back devolved funding
15/10/2010
All 32 London councils have agreed to participate in a plan to hand them a share of the Homes and Communities Agency’s £5 billion investment budget for the capital.
-
Executive faces double review
15/10/2010
The Northern Irish social development minister has launched two separate reviews which will decide the fate of the Northern Ireland Housing Executive.
-
Expensive exit strategies
15/10/2010
In a time of massive spending cuts, some senior housing staff are leaving their organisations with bumper packages. Martin Hilditch reports on how almost £14 million has been doled out in the past two years by just 25 providers
-
Housing staff face pension cost hike
15/10/2010
Proposed changes to public sector pensions could have a direct impact on tens of thousands of housing professionals.
-
Landlord suffers £25m land hit
15/10/2010
Places for People has seen the value of its land plummet by £25 million - a fifth of the total fall predicted for all housing associations in 2009/10.
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Pathfinders to join forces with LEPs
15/10/2010
Two housing market renewal pathfinders are planning to merge with new local enterprise partnerships.
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Seeing through the fog
15/10/2010
Change is on the horizon so landlords must embrace radical reform
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Social landlords raise £13.76m
15/10/2010
Landlords raised a total of £13.76 million through the sale of properties at auction in September.
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Funds for social housing could be cut by 80 per cent
14/10/2010
Capital funding for the social housing sector could be cut by as much as 80 per cent, the Chartered Institute of Housing has warned.
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HCA confirmed to take on TSA regulation
14/10/2010
The Homes and Communities Agency has been saved in the bonfire of quangos and will take on regulation from the Tenant Services Authority, it has been confirmed.
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Global survey finds budget optimism
13/10/2010
An international survey of housing providers has shown a sense of optimism for the next year, despite ongoing financial uncertainty.
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Private firms could benefit social housing
12/10/2010
Business leaders have suggested the social housing sector should be opened up to private companies to improve the quality of homes.
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Peabody confirmed as Crown Estate buyer
12/10/2010
Peabody has been confirmed as the prospective buyer of four London housing estates currently owned by the Crown Estate.
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House prices fall as sellers test market
12/10/2010
An influx of new sellers coupled with a shortage of buyers is pushing house prices down, the Royal Institution of Chartered Surveyors has said.
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Councils forced to accept HRA reform
08/10/2010
The government will force through plans to reform the current housing subsidy system if a minority of councils refuse to comply, it revealed this week.
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Large associations’ pension liability doubles to £509.1m in 12 months
08/10/2010
The UK’s largest housing associations saw their pension liabilities double in the past year, their annual accounts have revealed.
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Last piece of the puzzle
08/10/2010
The housing sector is holding its breath to see what final cuts will be revealed in the jigsaw of the comprehensive spending review. Carl Brown pieces it all together and looks at the bigger picture for social landlords.
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Shapps casts doubt over capital funding
08/10/2010
The current housing funding system has failed and the government will look at new models of investment in the future, the housing minister stressed this week.
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Stand up and be counted
08/10/2010
Housing was a recurring theme at this year’s Conservative Party conference.
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Builder eyes social housing as profits rise
07/10/2010
Willmott Dixon has reported a 37 per cent increase in its pre-tax profits.
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Bank reports record fall in house prices
07/10/2010
House prices plummeted a record 3.6 per cent in September, according to figures from the Halifax.
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Associations stockpile cash ahead of cuts
07/10/2010
Housing associations saw their annual surpluses almost treble last year.
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TSA improves rating of Islington landlord
06/10/2010
The Tenant Services Authority has upgraded its assessment of Islington and Shoreditch Housing Association.
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Shapps rules out early exit from HRA
05/10/2010
The opportunity for local authorities to voluntarily leave the housing revenue account subsidy system next April has been ruled out.
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Minister confirms HRA will be scrapped
05/10/2010
The centralised system of council housing finance will be abolished and local authorities allowed to keep rents and receipts from sales, the housing minister has confirmed.
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Olympics body seeks buyer for 4,000 homes
04/10/2010
The Olympic Delivery Authority is looking for private businesses to take on up to 4,000 homes on the Olympic site.
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Social housing firm enters administration
01/10/2010
Social housing contractor John Laing Partnership Ltd has gone into administration.
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Mears acquires rival in £5.8m deal
01/10/2010
Mears has acquired north-west based maintenance and refurbishment company Jackson Lloyd in a deal worth up to £5.8 million
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£300m fund to pay for co-op schemes
01/10/2010
Proposals to finance new co-operative and mutual housing schemes through a £300 million revolving loan fund will be submitted to government next month.
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Landlords to fight Lovell debt demand
01/10/2010
Lovell is demanding some landlords repay money they owed to failed contractor Connaught, after taking over their contracts.
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Landlords to launch £175m bank
01/10/2010
A group of housing associations are drawing up plans to launch a £175 million bank to offer shared ownership mortgages.
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Westminster co-op insolvent after refusing £200k loan
01/10/2010
A housing co-operative in London has been declared insolvent after a group of members refused to let a social landlord lend it money in return for allowing it to enter a management contract.
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Healey: build incentive will cause chaos
30/09/2010
Government plans to reward local authorities that build homes will cause ‘council tax chaos’, the shadow housing minister has said.
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Mortgage drop suggests weakening market
29/09/2010
Mortgage approvals have fallen for the fourth consecutive month, according to Bank of England data.
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Land Registry sees prices rise in August
29/09/2010
House prices rose 0.3 per cent in August with all regions of England and Wales seeing rises in the last 12 months, the Land Registry has reported.
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Lovell agrees terms with 42 Connaught clients
28/09/2010
Forty two housing associations and local authorities have so far agreed to transfer contracts previously held with Connaught to Lovell.
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Hometrack records national price falls
27/09/2010
House prices have fallen across all regions of England and Wales for the first time since April 2009.
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Healey tells CLG to come clean on cuts
24/09/2010
The shadow housing minister has demanded to know the extent of cuts to housing and regeneration budgets, after ministers agreed a secret deal with the Treasury.
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Circle posts £12.4m surplus
24/09/2010
Circle Anglia has become England’s third largest stock-owning housing association, its accounts have revealed.
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Remaining relevant
24/09/2010
A fresh approach is needed if social landlords are to continue providing value
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The gold rush
24/09/2010
A scheme which pays households for generating their own power means landlords are sitting on a potential gold mine. But to reap the rewards they must install costly solar panels. Nick Duxbury reports.
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Associations should trade on stock market
23/09/2010
Housing associations could raise £30 billion and fund an extra 100,000 homes a year if they were allowed to raise money on the stock market, according to a report by a right-wing think tank.
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Landlords told to make expenditure public
22/09/2010
Housing associations should publish full details of their expenditure to justify the ‘enormous’ salaries paid to some chief executives, the housing minister has said.
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Councils offered low cost homes advice
22/09/2010
Councils are being offered advice on developing affordable homes that are attractive to mortgage lenders.
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Property sector backs borrowing plans
21/09/2010
Nick Clegg’s announcement that councils in England will have the freedom to borrow against future income has been welcomed by the British Property Foundation.
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Planners seek radical house building model
21/09/2010
Councils should issue bonds and give tax breaks to encourage building on designated sites, a planning body has said.
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Financial freedoms to aid council building
20/09/2010
Councils will be able to fund development by borrowing against future income, the deputy prime minister announced today.
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Beat the domino effect
17/09/2010
Housing providers must make contingency plans after the collapse of contractor Connaught. Andrew Millross and Richard More, from Anthony Collins Solicitors, explain how.
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Cuts are coming
17/09/2010
After years of overspending, the housing sector cannot expect to escape budget cuts
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Double dipping
17/09/2010
Despite a rosy outlook in other parts of the world, the UK economy is not yet out of the woods and we must prepare for the possibility of a ‘double dipette’, says Chris Blackhurst
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Eaga launches £350m solar panel fund
17/09/2010
A renewable energy company has set up a £350 million fund to make money from electricity generated by photovoltaic panels on social homes.
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Knowsley plans £7 million cut
17/09/2010
A Merseyside housing association will cut its budget by up to £7 million in response to the government’s plans to slash housing benefit.
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Landlords reject Lovell deal over EU legal issue
17/09/2010
Former clients of stricken maintenance contractor Connaught are refusing to transfer their contracts to Lovell because of fears they may breach European Union law.
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Sanctuary strikes £120m bond deal
17/09/2010
A housing association has launched the lowest priced bond in the sector for two-and-a-half years.
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Think ahead
17/09/2010
Landlords must plan now to avoid being stung by the 2 per cent VAT increase
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Time for a new paint job
17/09/2010
The collapse of contractor Connaught last week has left hundreds of social landlords scratching their heads over who should take over their repairs and maintenance contracts. Carl Brown investigates the options.
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Treasury rejects calls for tax change
17/09/2010
The government has rejected calls for tax changes to encourage investment in the private rented sector.
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Kier sees profits rise 10 per cent
16/09/2010
Kier Group has reported an increase in pre-tax profits in preliminary full year results.
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Galliford Try expansion on track
15/09/2010
Affordable housing specialist Galliford Try has reported a three-year plan to double the size of its house building business is on track.
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Redrow returns to profit
14/09/2010
House builder Redrow has reported a return to profitability in preliminary financial results for the year ending 30 June 2010.
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Higher social rents should subsidise development
14/09/2010
The funding model for social housing is broken and must be changed if housing associations are to continue providing affordable homes, according to an influential think tank.
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Surveyors report house price falls
14/09/2010
Property prices have fallen for the second month in a row as more houses flood the market, surveyors have said.
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Mears to take over eight Connaught contracts
13/09/2010
Connaught’s administrator KPMG has agreed to transfer eight contracts to social housing repairs and maintenance contractor Mears.
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Green planning statement shelved
13/09/2010
The government has shelved plans to publish a legally-binding statement on its planning policy on climate change and renewable energy, Inside Housing has learned.
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United House increases profits
13/09/2010
United House has announced increased turnover and profits.
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Spending cuts threaten Scottish house building
10/09/2010
The UK government’s public spending cuts will impact on the level of investment in social housing in Scotland, the housing minister has warned.
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Rival snaps up Connaught contracts
10/09/2010
One of Connaught’s competitors has stepped in to buy the bulk of its social housing contracts after the beleaguered firm called in the administrators.
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A new contract
10/09/2010
Hard times call for radical changes - including a new contract between government and housing associations
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Clean-up begins after Connaught collapse
10/09/2010
Hundreds of landlords are facing uncertainty and extra costs as they seek to ensure repairs and maintenance services are not disrupted following the collapse of Connaught.
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Councils cut £400m on housing spend
10/09/2010
Councils spent £400 million less on improving existing or building new housing last year, despite an overall increase in their capital spending.
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Councils underestimate benefit bill
10/09/2010
Rising demand for housing benefit has meant the amount councils underestimated they would spend on it has more than doubled in four years.
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L&Q calls on government to strike landlord deal
10/09/2010
All housing associations should be able to sign a contract with government pledging to use their assets more effectively, in return for funding and regulation guarantees, according to a report out today.
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Landlords put faith in contingency plans
10/09/2010
Landlords which hold contracts with social housing maintenance firm Connaught say they are confident they will not lose out financially as a result of the contractor’s demise.
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Paying the price
10/09/2010
Sadly, the demise of social housing contractor Connaught will come as no great surprise to its hundreds of social landlord clients.
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Still cutting it
10/09/2010
By changing the way we work we can still deliver in the face of reduced budgets, says Sir Bob Kerslake
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The sum of all failures
10/09/2010
A freedom of information request reveals councils are underestimating their housing benefit bills leaving central government owing nearly £600 million at the end of the year. Emily Twinch reports
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KPMG hopes to save Connaught jobs
08/09/2010
KPMG is ‘hopeful’ that the majority of Connaught workers’ jobs will be transferred to other companies.
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Barratt cuts losses as business picks up
08/09/2010
Barratt Homes has reported a £33 million pre-tax loss for the year ending 30 June 2010, an improvement on the £144.1 million loss reported last year.
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Connaught calls in administrators KPMG
08/09/2010
Administrators are being appointed to Connaught’s social housing division after the contractor failed to secure additional funding.
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Association finances withstand economic fears
07/09/2010
Housing associations have proved ‘remarkably robust’ in the current economic climate, according to figures from the Tenant Services Authority.
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Connaught clients seek alternatives
07/09/2010
Worried housing associations are approaching rivals of Connaught ahead of an expected announcement that it has gone into administration.
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Ready for reform
07/09/2010
With an announcement on the future of council housing finance due this month, social housing lawyer Kate Silverman examines what the current proposals would mean for local authorities and housing associations.
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Connaught nears administration
07/09/2010
Troubled social housing contractor Connaught is believed to be on the brink of administration.
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HCA signs landmark private sector deal
03/09/2010
The Homes and Communities Agency has agreed to give funding to a developer to build homes for private rent in the first deal of its kind.
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£450m plan for Newcastle
03/09/2010
Newcastle Council is on the verge of signing a major regeneration deal for 1,800 homes in its west end.
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Banging the drum
03/09/2010
It’s time to herald a new era of council-led house building, says John Lines
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Gentoo bid to raise £50m for ownership scheme
03/09/2010
Gentoo is hoping to raise £50 million from institutional investors to fund the roll-out of a new home buy scheme across the country.
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Going global
03/09/2010
There are lessons to be learned from comparing the mechanisms different countries use to channel financial resources into affordable housing
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Lend them a hand
03/09/2010
Mortgage lending must increase to help buyers onto the housing ladder
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Treasury money saving site prompts 1,600 ideas
03/09/2010
Members of the public have submitted 1,600 suggestions about how the government could save money through housing cuts.
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Construction activity slowed in August
02/09/2010
The growth of the UK’s construction industry slowed for the third month running in August, according to a survey for the Chartered Institute of Purchasing and Supply.
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House prices fall for second month
02/09/2010
UK house prices fell 0.9 per cent in August, according to Nationwide, following a 0.5 per cent fall in July.
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Negative equity to remain for four years
31/08/2010
Homeowners who bought at the peak of the property boom face another four years of negative equity, a report warns today.
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Demand for housing drops
30/08/2010
Demand for housing dropped by 2.2 per cent in August, according to a new survey.
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Registry records increasing house price growth
27/08/2010
House prices rose 0.4 per cent across England and Wales in July, according to the Land Registry.
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UK Housing Award finalists unveiled
27/08/2010
More than 70 housing organisations have reached the final stages of the prestigious UK Housing Awards.
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Albyn secures £40m RBS loan
27/08/2010
Albyn Housing Society has agreed a £40 million loan with the Royal Bank of Scotland.
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Find the right formula
27/08/2010
Every November, the eyes of finance directors across the housing world are peeled for the Tenant Services Authority’s announcement on what level rents can be set at the following financial year.
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Landlords brace for new accounts rules
27/08/2010
Housing associations are preparing for higher administration costs and some could breach their covenants because of new accounting rules.
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Landlords fear approach of rent overhaul
27/08/2010
Worried housing associations are planning for a dramatic change to the way rents are calculated which could cost the sector £20 billion.
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NHF plans £75m retrofit fund
27/08/2010
The National Housing Federation has called for expressions of interest from housing associations to set up a retrofit loan fund that could be worth hundreds of millions of pounds.
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Wates secures £400m framework deals
24/08/2010
Affordable housing construction firm Wates Living Space has agreed £400 million of framework contracts with supported housing providers.
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Persimmon profits soar to £101.4m
24/08/2010
House builder Persimmon has seen its pre-tax profits rise to £101.4 million in the first six months of 2010, ten times the £9.8 million recorded in 2009.
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ALMO ends contract with Connaught
23/08/2010
An arm’s-length management organisation has cancelled a £7 million repairs contract with struggling contractor Connaught.
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Bovis reports £3.5m half year profit
23/08/2010
Bovis has announced a pre-tax profit of £3.5 million for the first six months of the year.
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Mortgage lending increases
20/08/2010
Gross mortgage lending increased by 5 per cent in July from the previous month, according to the Council of Mortgage Lenders.
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Supporting People cuts could leave thousands vulnerable
20/08/2010
Thousands of vulnerable people could be forced to fend for themselves under expected cuts to the Supporting People programme, the National Housing Federation has warned.
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House starts up 13 per cent
20/08/2010
House starts in England are up 13 per cent in the last quarter to 28,590.
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Landlords seek answers
20/08/2010
Social landlords are appealing to the government for clarity on the future of housing inspection after the Audit Commission’s closure.
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HCA map to pinpoint location of England’s 652,000 empty homes
20/08/2010
The Homes and Communities Agency will map every empty home in England in a bid to dramatically reduce their number - an estimated 652,000.The map will be used to pinpoint empty homes ‘hotspots’ and provide information on their surroundings.
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Shocked inspectors mount rescue mission
20/08/2010
Audit Commission staff could set up an independent consultancy to carry out housing inspections following the quango’s shock abolition.
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‘Social model’ under financial threat
20/08/2010
The viability of the social housing model is under threat because of the financial pressures facing the sector, according to a new study from leading academics.
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2011 launch for £1bn loan fund
20/08/2010
An innovative £1 billion vehicle to encourage pension funds to make loans to housing associations is expected to start lending in January.
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Affinity Sutton posts £44m surplus
20/08/2010
Affinity Sutton has used its annual report to argue that housing associations need a ‘stronger financial base’ than ever before to cope with forthcoming spending cuts.
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Another one bites the dust
20/08/2010
Another week and another quango is abolished by communities secretary Eric Pickles. So what does the demise of the Audit Commission mean for housing? Is it yet more bad news following on from the abolition of the regulator, cuts to development funding and curbs on the housing benefit bill?
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Battle to overturn decision on legal aid
20/08/2010
Sheltered housing campaigners are fighting to get 5,000 people to sign a petition in protest at their claim for legal aid being turned down on a technicality.
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Bids call for £400m deal
20/08/2010
London & Quadrant is inviting bids for a build and repairs framework deal worth up to £400 million.
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Clegg: benefit cuts are hard to justify
20/08/2010
Nick Clegg has waded into the row over housing benefit reform by suggesting proposed cuts make it difficult to justify replacing the Trident nuclear weapon.
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Liverpool in talks over £30m bond
20/08/2010
Liverpool Council hopes to raise £30 million on the UK bond market to fund the building of new homes.
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Opinion
20/08/2010
The new homes bonus is merely redistribution of old local authority grants
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Planning row nets Barnet £4m
20/08/2010
Barnet Council has been awarded £4 million for affordable housing and community facilities after a property developer breached its planning permission.
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Sector plans as Connaught struggles
20/08/2010
Housing associations that hold contracts with beleaguered contractor Connaught are drawing up contingency plans in case the firm collapses.
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The smell of burning
20/08/2010
First it was the Tenant Services Authority and now the Audit Commission is ‘toast’. Martin Hilditch asks what housing regulation and inspection will look like once the smoke has cleared
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Clegg unveils low carbon business programme
19/08/2010
Nick Clegg today claimed the government’s approach to sustainability was a ‘quiet green revolution’.
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Connaught deny executive departure linked to finances
19/08/2010
Troubled social housing contractor Connaught has denied the departure of a senior director is linked to its financial problems.
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Harrow offers amnesty to sub-letters
19/08/2010
Harrow Council is giving illegal sub-letters two weeks to hand back their keys with no legal action before a crackdown.
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Review aims to end house price confusion
19/08/2010
A review into the contrasting house price figures produced by different indices has been launched by the UK Statistics Authority.
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Surveyors report fall in construction work
19/08/2010
Construction workloads on social housing projects have dropped sharply in the second quarter of the year, according to a survey by the Royal Institute of Chartered Surveyors.
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Housing support service one of first 'trailblazing' mutuals
19/08/2010
A social enterprise that will deliver housing support services to vulnerable people in Mansfield is among the first wave of pathfinder mutual companies announced by the government.
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National Tenant Voice to wind down company structure
19/08/2010
The National Tenant Voice is to wind down its formal company structure as it seeks a way to carry on independently.
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Clegg attacks Labour welfare spending
18/08/2010
Nick Clegg has attacked Labour’s welfare record for spending ‘huge sums of money’ which did not alter people’s life chances.
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Highlands to get 400 homes with £40million deal
18/08/2010
Albyn Housing Society has agreed a £40m loan with the Royal Bank of Scotland and half the loan will be used to fund 400 homes for shared equity sale or for rent.
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Mears announces profit jump
18/08/2010
Mears Group has announced a 48 per cent increase in its operating profit.
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Black Country joins retrofit research project
18/08/2010
Black Country Housing Group is to take part in a major Europe-wide research project into the cost of retrofit work to existing homes.
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Rok's profits tumble amid 'suicide-bid' claims
17/08/2010
Rok has denied suicide bidding as it announces a halving of its operating profit in a year.
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Wider range of rental models needed, says CIH
17/08/2010
The ‘golden age’ of home ownership is over, according to a new report from the Chartered Institute of Housing.
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Audit Commission 'never had a day at the races', says boss
17/08/2010
The chair of the Audit Commission has written to Eric Pickles to complain reports of the quango’s spending activities were inaccurate.
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Clegg: housing 'is UK's biggest problem'
17/08/2010
Access to affordable housing is one of the biggest problems faced by the UK, Nick Clegg said yesterday.
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Pickles scraps Audit Commission
13/08/2010
The Audit Commission is to be scrapped, the government announced today.
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Tories exposed for mis-selling security
13/08/2010
The Conservative Party held pre-election meetings with key housing figures about its plans to remove security of tenure from future social housing tenants.
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Greater Manchester to build 670 new homes
13/08/2010
Local authorities in Greater Manchester and the Homes and Communities Agency have announced a £25.3 million deal for new homes and regeneration.
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CLG spent thousands on public art and catering
13/08/2010
The Homes and Communities Agency splashed out £85,000 on art while the Tenant Services Authority spent £860 on flowers and £47,000 on a ‘business psychologist’ last year.
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234 homes for Birmingham
13/08/2010
Birmingham Council will build 234 new homes after securing funding from the Homes and Communities Agency through the £53 million Public Land Programme after donating 8.1 acres of its own land.
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Berkeley close to private homes deal
13/08/2010
House builder Berkeley Homes is close to striking a deal with the Homes and Communities Agency to build 500 private rented sector homes.
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Cash incentive to refurbish empty homes
13/08/2010
The government is considering handing social landlords new financial incentives to persuade them to bring empty homes back into use.
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Council cutbacks put charities at risk
13/08/2010
Homelessness charities face closure or huge losses in income as cash-strapped councils drop their services.
-
EU retrofit cash triumph
13/08/2010
Social landlords have won a battle with the London Development Agency to access European cash for energy efficiency improvements.
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Heed Canada’s warning
13/08/2010
Canada is frequently cited as the ultimate example of how to get out of a crippling budget deficit. In 1993 it cut spending by a fifth and within four years produced a budget surplus.
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Home help
13/08/2010
In the first of a two-part series focusing on homelessness organisations, Chris Ames and Lydia Stockdale find out how charities can soften the blow of government spending cuts through hard-hitting fundraising adverts aimed at the public
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Lib Dem deputy to create benefit reform plan
13/08/2010
The deputy leader of the Liberal Democrats is drawing up alternatives to the government’s plans to reform housing benefit because of his concern about their impact in London.
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North west’s £350m housing cash bid
13/08/2010
Councils in the north west plan to expand a £350 million pot of regeneration money to fund housing projects.
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Plan for investors to ‘buy’ landlords
13/08/2010
Housing associations could be sold to pension funds or to life insurance companies to raise finance for the provision of affordable homes, a report has suggested.
-
Sector’s pension fund reduces deficit
13/08/2010
The deficit in the Social Housing Pension Scheme has reduced by £44 million, showing signs that the fund is recovering from the financial crisis.
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The Canadian way
13/08/2010
Canada cut its way to an impressive economic recovery in the 1990s which David Cameron hopes to emulate. But the UK overlooks the country’s subsequent housing crisis at its peril. Nick Duxbury reports.
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We need action
13/08/2010
‘I think it is enormously important to build more homes…We will replace the [current] system and I hope it will be much more responsive.’ This was the pledge just two months ago from housing minister Grant Shapps in an interview with Inside Housing.
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We need change...
13/08/2010
The concept of a council house for life is no longer tenable; those who can afford to leave social housing should make way for those who can’t
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Landlords to decide on devolved funding plan
12/08/2010
Councils in London have a month to decide whether to enter into agreements which would allow them a share of the Homes and Communities Agency’s £5 billion budget.
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Council loses legal battle against housing association
12/08/2010
A council has lost a legal battle with a housing association over who is liable for paying a £2.4m pension fund deficit.
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Falling repossessions could rise again, warn charity
12/08/2010
Council of Mortgage Lender figures show repossessions continued to fall in the second quarter of 2010.
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Residents to move from Southwark block
12/08/2010
Councillors have decided tenants and leaseholders in a Southwark tower block must be moved immediately.
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Mortgage lending increases, says CML
12/08/2010
Mortgage lending increased significantly in June compared to the previous year, according to statistics released by the Council of Mortgage Lenders.
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Hammersmith and Fulham plans to close ALMO
11/08/2010
Hammersmith and Fulham council has announced plans to take its arm’s-length management organisation back in-house.
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Rok suspends finance director
11/08/2010
Construction and maintenance firm Rok announced it has suspended its finance director with immediate effect from today.
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Advisory committee launches housing benefit inquiry
11/08/2010
The social security advisory committee has launched an inquiry into the government’s proposed changes to housing benefit.
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Disabled could lose homes through mortgage aid cuts, says NHF
11/08/2010
Thousands of people with disabilities are at risk of losing their home following a government decision to cut support for mortgage interest payments, according to a housing umbrella body.
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Scottish construction firms forced into liquidation
11/08/2010
The number of Scottish construction firms forced into liquidation has more than trebled in the last year, according to figures from the Office of National Statistics.
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House prices fall for first time in a year
10/08/2010
House prices have fallen for the first time in more than a year, say the Royal Institute of Chartered Surveyors.
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Government launches benefit fraud crackdown
10/08/2010
The government will draft in credit ratings agencies to hunt down benefit frauds, the prime minister announced today.
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Scotland considers tenancy deposit scheme
10/08/2010
The Scottish Government has launched a consultation into whether a compulsory tenancy deposit scheme should be set up.
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Morgan Sindall profits decrease
10/08/2010
Morgan Sindall has reported pre-tax profits of £23.1m for the six months to 30 June.
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Councils' cash incentive for allowing housebuilding
09/08/2010
Councils will receive bonuses for every new home built in their area with Government plans announced today.
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Put cash into empty homes, say BPF
09/08/2010
The government should divert grants for new build into bringing thousands of empty homes back into use as social housing, an umbrella-group has demanded.
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Connaught expects to record full year loss
06/08/2010
Embattled social housing contractor Connaught has issued a stark financial warning to its backers.
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Climate change
06/08/2010
Does the prospect of a grant free world mean doom or opportunity for developing housing associations asks corporate finance lawyer Pete Naylor.
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Buying clubs save £227 million
06/08/2010
Procurement consortia in England are generating average savings of 12 per cent and have outperformed their original business plans.
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Great impact
06/08/2010
For me, the Chartered Institute of Housing’s Housing Pact is an important document for two reasons.
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Bellway on course for 10% target
05/08/2010
Bellway has said it is on track to achieve its goal of seeing 10 per cent growth in 2010/11.
-
Halifax reports house price rise
04/08/2010
Halifax has reported house prices rose 0.6 per cent in July, putting the average value of a UK home at £167,425.
-
CLG misses HRA reform deadline
03/08/2010
The Communities and Local Government department has delayed the publication of responses to a consultation on reform of council housing finance.
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Taylor Wimpey records first half profit
03/08/2010
Taylor Wimpey made a small profit in the first six months of 2010, after recording a massive loss in the same period last year.
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Contractor secures funds after cash plea
30/07/2010
Troubled maintenance firm Connaught has agreed a £15 million overdraft with its lenders.
-
HCA delivers 120,000 homes to hit targets
30/07/2010
The Homes and Communities Agency hit all its targets last year, spending £5.2 billion in the process.
-
HCA and councils redirect £30 million northern pot
30/07/2010
A pot of money for new homes in the north west of England could be diverted to fund projects left high and dry due to Homes and Communities Agency cutbacks.
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How prepared are you?
30/07/2010
New research shows that early planning by executives is crucial to surviving financial turmoil in good shape. Jonathan Magee offers advice on three different scenarios
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Landlords under pressure to sell ‘try before you buy’ homes
30/07/2010
Housing associations are under pressure to sell the thousands of hard to shift shared ownership homes they converted to rental properties during the credit crunch.
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Stretching the pennies
30/07/2010
As the sector awaits the falling axe, Inside Housing convened a round table debate to discuss how leaders are getting to grips with efficiency savings. Lydia Stockdale reports. Photography by Simon Brandon.
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Warning after Connaught cash crisis
30/07/2010
A housing consultancy is warning its clients to put contingency plans in place should their contractors get into trouble, following a cash crisis at a major maintenance firm.
-
Lender reports fall in house prices
29/07/2010
House price inflation is easing with prices slipping 0.5 per cent in July, according to Nationwide.
-
Land Registry records small house price rise
28/07/2010
House prices have returned to around the same level as during the summer of 2006, following the latest rise recorded by the Land Registry.
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LGA chair says councils can save £100bn
28/07/2010
The chair of the Local Government Association has said councils can deliver savings of £100 billion over five years.
-
Contractor in 'urgent' need of cash
27/07/2010
A major housing maintenance contractor has said it urgently needs cash to pay its contractors and suppliers.
-
Housing associations take up Triodos loans
26/07/2010
Ethical bank Triodos increased its lending to housing associations by 12.2 per cent in the first six months of 2010, it has reported.
-
Supply surge drives down house prices
26/07/2010
House prices fell for the first time in 15 months in July as supply increased, according to Hometrack.
-
Affordable homes pact
23/07/2010
Housing providers have pledged to find ways of improving the efficiency of affordable housing delivery in a pact drawn up by the Chartered Institute of Housing.
-
Islington launches fraud inquiry into housing PFIs
23/07/2010
Islington Council’s anti-fraud team is reviewing its two housing private finance initiative schemes after leaseholders raised concern about the way they were charged for improvement works.
-
Money matters
23/07/2010
The submission to the comprehensive spending review from the leading bodies in the social housing sector marks the start of some tough negotiations.
-
Shared-owner mortgage tries to boost sales
23/07/2010
Affinity Sutton and Santander have launched a 95 per cent loan-to-value shared-ownership mortgage.
-
Warwick awards £1.2m adaptation contract
21/07/2010
Lovell has won a £1.2 million, four-year contract to carry out disability adaptation work across Warwick council’s housing stock.
-
Housing sector calls for £9.5bn investment
19/07/2010
Social housing bodies are calling on the government to invest £9.5 billion in building affordable homes in its autumn spending review.
-
Keenly priced bond nets £200m for Hyde
19/07/2010
Hyde Group has raised £200 million in a deal that demonstrates the growing availability of cheap bond finance within the sector.
-
Government 'snuck out' HCA cuts
16/07/2010
Former Labour housing minister John Healey has criticised government ministers for not making a statement in Parliament about cuts to the Homes and Communities Agency budget.
-
Coming in to land
16/07/2010
As the £1.67 billion Supporting People programme absorbs the first round of spending cuts, can it continue to provide a soft landing for vulnerable households? Nick Duxbury analyses the results of an exclusive survey to find out.
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Councils want more powers
16/07/2010
London’s council leaders are negotiating with London mayor Boris Johnson about the way in which housing funding powers should be devolved to City Hall.
-
HAs in bid to receive the same VAT relief as councils
16/07/2010
Some housing associations are pushing the government to give them the same perks as local authorities when it comes to reclaiming Value Added Tax.
-
Landlords and Ikea strike Olympic deal
16/07/2010
Two housing associations have agreed a landmark deal with an Ikea-owned development company which will see 1,500 homes built on the edge of the Olympic park.
-
Landlords hit by SP ring fence removal
16/07/2010
More than a third of supported housing providers have experienced a significant reduction in their budget since the removal of the ring fence from supporting people funding.
-
Reading between the lines
16/07/2010
Maintenance firm Connaught had an extreme reaction to the Budget, so was it right or is there more going on beneath the surface, asks Chris Blackhurst
-
VAT hike will cost associations £125m
16/07/2010
Housing associations will cut building programmes to minimise the impact of the planned Value Added Tax hike, which will add up to £3.5 million to their annual operating costs.
-
HCA scraps flagship building schemes
14/07/2010
The Homes and Communities Agency has confirmed that two of its key house building programmes will effectively be scrapped.
-
Barratt makes £85m as completions fall
14/07/2010
Barratt Developments expects to make an £85 million profit this year despite a 14 per cent decrease in the number of completions.
-
Social housing starts plummet
14/07/2010
The value of social housing projects starting on site has fallen by 40 per cent, according to construction information company Glenigan.
-
Economic fears hit buyer enquiries
13/07/2010
The number of people enquiring about buying a home has fallen for only the second time since October 2008, according to the Royal Institution of Chartered Surveyors.
-
Livingstone places housing centre stage
12/07/2010
Ken Livingstone has pledged to put housing at the centre of his campaign to become mayor of London.
-
Kier sees cash balance double
12/07/2010
Kier Group has reported a record net cash balance of £170 million for the year to 30 June, almost double the figure for the same period the previous year.
-
Halifax finds house prices continue to fall
09/07/2010
House prices continued to fall in June, according to the Halifax house price index.
-
A great deal to be done
09/07/2010
The seemingly interminable process of dismantling the reviled English council housing finance system reached a significant milestone this week as the consultation closed on the previous government’s proposals to reform the housing revenue account.
-
CLG saving £12 million for pathfinders
09/07/2010
The government has confirmed that it is safeguarding more than £12 million of growth funding for pathfinders.
-
East Lothian lends landlord £25 million
09/07/2010
The Scottish Government has given permission for a housing association to access up to £25 million borrowed by a council from the Treasury.
-
FHM to build £6.25m hostel
09/07/2010
Frank Haslam Milan has landed a £6.25 million contract to redevelop a homeless centre in Birmingham.
-
Future of eco-towns in doubt as funding is halved
09/07/2010
The government has halved the funding available for eco-towns, Inside Housing has learnt.
-
Have your say on cash cuts
09/07/2010
Housing providers are being asked to reveal their thoughts on how they expect public spending cuts to affect their delivery of housing, regeneration and asset management.
-
Look to the future
09/07/2010
Last summer Neil Hadden took the hot seat at crisis-ridden Genesis Housing Group. Here, Martin Hilditch talks to the headstrong chief executive about how he is leaving the past firmly behind.
-
Make a virtue of necessity
09/07/2010
If Harrogate taught us anything it is that we can still afford good ideas, says Sir Bob Kerslake
-
Notting Hill issues £180 million bond
09/07/2010
Notting Hill Housing Trust has raised £180 million in the lowest priced bond issue by a housing association for more than five years.
-
The benefit of hindsight
09/07/2010
Lack of credit, 40-year-old first-time buyers and a surge in private renting - welcome to the world of housing in 2020
-
Connaught chief quits after profit warning
08/07/2010
The chief executive of troubled contractor Connaught has stepped down with immediate effect.
-
Galliford Try reports increase in house sales
08/07/2010
Galliford Try has reported a 25 per cent increase in house sales during the first half of the year.
-
Lists show projects threatened by HCA cuts
07/07/2010
The Homes and Communities Agency has published full details of the schemes affected by the cuts to its budget.
-
Completions rise at Persimmon
07/07/2010
House builder Persimmon increased its legal completions by 16 per cent in the first half of the year, compared with 2009.
-
HCA sets priorities after £450m cut
07/07/2010
The Homes and Communities Agency has set out its priorities for investment after suffering £450 million of cuts to its budget.
-
Cuts will hit plans for 6,000 homes
07/07/2010
Government cuts will mean 6,000 planned affordable homes will not be built this year, the shadow housing minister has said.
-
CLG cuts £220m to fill funding ‘black hole’
05/07/2010
The Communities and Local Government department is to cut previously agreed spending commitments by £220 million.
-
Confidence low despite rise in lending
05/07/2010
Gross mortgage lending by mutuals rose in May, according to Building Society Association figures.
-
Social housing firm buys services business
05/07/2010
Morgan Sindall has acquired maintenance services contractor Powerminster Gleeson Services in a deal worth £6.61 million.
-
10,000-home plan for Stevenage under threat
02/07/2010
Plans to build more than 10,000 homes in Stevenage have been put on hold owing to the planning shake-up announced by the new government.
-
Brace yourself
02/07/2010
The cuts announced in last week’s emergency Budget are just the beginning
-
Call this social justice?
02/07/2010
A squeeze on housing benefit and too few jobs present bleak prospects for the less privileged, says Tim Leunig
-
Cuts to fund eco-bank
02/07/2010
The government should scrap a number of energy and climate change quangos to fund a new green investment bank, a new report has argued.
-
Housing PFI in doubt as Shapps launches review
02/07/2010
Housing private finance initiatives will be reviewed by the government following a damning report which showed the total cost of signed off projects was £694 million more than expected.
-
Is the money in the bag?
02/07/2010
At what point does HCA grant approval become legally binding? Naomi Goode explains
-
Landlord raises £76m in Japan
02/07/2010
Places for People has raised £76 million after turning to the Japanese bond market for funding.
-
Politicians ‘pushed’ PFI regardless of value
02/07/2010
Politicians were ‘hell-bent’ on pushing forward private finance initiatives, regardless of value for money, a council officer who supervised one project has stated.
-
Survival of the fittest
02/07/2010
When bidding opened for the latest of six rounds of the housing private finance initiative last July, the Homes and Communities Agency said it had received ‘more bids than we could resource’.
-
Taylor Wimpey fears social housing cuts
30/06/2010
Taylor Wimpey has reported it has a strong order book but is concerned about the impact of potential social housing grant reductions on the construction of new housing.
-
Land Registry finds house prices are falling
29/06/2010
The Land Registry has reported house prices fell 0.2 per cent in May.
-
Auction sales raise £15.2 million
28/06/2010
Councils and housing associations sold a total of 52 properties for a combined £15.2 million at auction in May.
-
Budget fears halve Connaught's share price
28/06/2010
Connaught’s share price has halved following a profit warning issued on Friday.
-
Don’t wait and see
28/06/2010
Rather than cutting back, local authorities and housing associations need to get busy and get creative if they are going be anywhere near hitting their targets for new affordable homes.
-
Supply rise fails to cut house prices
28/06/2010
Housing supply has outstripped demand over the last four months but the trend is failing to reduce prices, according to Hometrack.
-
Treasury covers £140m of housing pledge
25/06/2010
The Treasury will honour some of the spending commitments made in Labour’s housing pledge, even though the funding was never allocated.
-
PFI costs spiral after funds agreed
25/06/2010
The majority of signed-off housing public finance initiative projects have suffered significant cost increases and all have been delayed, according to a National Audit Office report.
-
CLG budget faces 25 per cent drop
25/06/2010
Housing providers fear that the sector could bear the brunt of £61 billion worth of spending cuts to government departments by 2014/15.
-
Fifty biggest developers to build 6,000 fewer homes
25/06/2010
The 50 biggest developing housing associations plan to build nearly 6,000 fewer homes between them in 2010 than the previous year.
-
Landlords to raise £1 billion fund
25/06/2010
A2Dominion is planning to launch six funds worth a total of around £1 billion to invest in building up to 6,000 private rented sector homes.
-
Opposition in the house
25/06/2010
As the fight for the Labour Party leadership hots up, bookies’ favourite David Miliband tells Inside Housing he’ll make housing a top priority if he wins, while Lydia Stockdale rates the contenders’ housing credentials.
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Private property
25/06/2010
The news that A2Dominion and Great Places Housing Group are bidding to be the first to make the dream of institutional funds being used to build private rented sector housing is to be applauded.
-
Things can only get bitter
25/06/2010
As the new coalition government makes cuts to housing investment are they really looking at the bigger picture, asks John Cruddas
-
VAT rise to hit associations hard
25/06/2010
The housing association sector will see its tax bill rise by millions of pounds following an increase in VAT announced in Tuesday’s emergency Budget.
-
Waiting game
25/06/2010
How does the Homes and Communities Agency prepare for the future when its funding is uncertain? With patience, the organisation’s chief executive Sir Bob Kerslake tells Carl Brown.
-
Where is housing’s white knight?
25/06/2010
As social landlords struggle to house the growing number of people who cannot afford to buy their own home - and with state coffers all but empty - they are increasingly looking to the private rented sector to ride to their rescue. Nick Duxbury investigates why it is taking so long.
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LHA cuts to lead to 'benefit ghettos'
24/06/2010
Plans for a tough new local housing allowance regime risk plunging people into arrears and creating benefit ghettos, delegates at the Chartered Institute of Housing conference have warned.
-
Councils must make unpopular choices
24/06/2010
Council leaders will have to show strong leadership by taking unpopular decisions to deliver housing, the chief executive of the Homes and Communities Agency has said.
-
NHF chair attacks funding cuts
23/06/2010
Former Liberal Democrat MP Matthew Taylor has used a Harrogate platform to launch a thinly veiled attack on the housing minister.
-
Dormant bank accounts could fund localism plans
23/06/2010
Money from dormant bank accounts could be used to fund the government’s ‘big society’ plans, the Harrogate conference heard this morning.
-
Benefit cuts risk eviction and homelessness
23/06/2010
The government’s decision to cut housing benefit has been criticised by homelessness charities and housing associations.
-
Capital spending cuts put on hold
22/06/2010
The construction sector has welcomed a government commitment to not make further capital spending cuts in this Budget period.
-
Osborne to limit benefit payments
22/06/2010
Maximum limits on housing benefits have been announced by chancellor George Osborne during his first Budget speech.
-
Radical change needed to cope with spending cuts
22/06/2010
The Chartered Institute of Housing president has called for a radical rethink of the housing system to prevent social renters from being hit hardest by government spending cuts.
-
Miliband: housing faces toughest Budget cuts
22/06/2010
Labour leadership candidate David Miliband has warned affordable housing will face some of the government’s ‘toughest cuts’, ahead of today’s emergency Budget.
-
Regeneration schemes offer poor returns
21/06/2010
Returns from regeneration property were significantly lower than for all property in 2009, according to an index by market information company IPD.
-
Association secures £20m loan
21/06/2010
Barclays has agreed a £20 million loan with Two Castles housing association, repayable over 30 years.
-
Funding cuts would boost waiting lists
21/06/2010
The National Housing Federation has warned 354,000 people will be added to housing waiting lists by government spending cuts.
-
Chancellor urged to relax tax rules
21/06/2010
The emergency Budget should relax stamp duty land tax rules to encourage more private sector and foreign investment in affordable housing, lawyers have argued.
-
Housing professionals fear funding cuts
21/06/2010
More than a third of housing professionals fear the government’s programme of cuts will threaten their ability to provide affordable homes.
-
Confusion over cash cuts
18/06/2010
A council warned supported housing providers that it would cut their funding by 20 per cent this year - only to do a U-turn a week later.
-
Councils: give us reform guarantee
18/06/2010
Councils have asked the government to publicly state the circumstances under which any settlement that would see them leave the current subsidy system could be changed at a later date.
-
Family ties
18/06/2010
As Grant Shapps prepares to next week outline the Lib-Con future for social housing in England, Isabel Hardman investigates the births, marriages and deaths to come for the sector
-
Housing sector braces itself for ‘years of pain’
18/06/2010
One in five senior housing professionals thinks next week’s emergency Budget heralds years of pain that will see the sector’s budget slashed by more than 30 per cent.
-
Take nothing for granted
18/06/2010
As shadow housing minister, Grant Shapps was vocal on his vision for housing. Now he has the job proper and, in his first in-depth interview since the election, Stuart Macdonald finds out if he’ll deliver.
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Tough times
18/06/2010
While the likely demise of the Tenant Services Authority will set tongues wagging at next week’s annual Chartered Institute of Housing conference and exhibition in Harrogate, the real question is: how bad will the emergency Budget be for housing?
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What’s the worst that could happen?
18/06/2010
On Tuesday chancellor George Osborne will deliver his emergency Budget setting out the coalition government’s public spending cuts. Caroline Thorpe dreams up three scenarios that could leave housing in rude health, with a mild temperature or in need of intensive care
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The road ahead
16/06/2010
Justin Sumner offers his monthly update on how wider economic issues could affect housing in the UK.
-
Spending cuts hit house sales
16/06/2010
Uncertainty about the government’s spending cuts has hit buyer confidence, according to Bellway.
-
Housing to suffer from £160m PFI cut
15/06/2010
Housing schemes will bear the brunt of £160 million of cuts to the Communities and Local Government department’s private finance initiative budget.
-
PM claims Labour housing plans were not funded
15/06/2010
The previous government’s social housing spending commitments were not funded, the prime minister has said.
-
Fed warns cuts could hit most vulnerable
11/06/2010
The National Housing Federation has warned government cuts announced yesterday could have a dire effect on vulnerable people.
-
Get ready to mouth off
11/06/2010
With a new government in power and huge cuts on the way, debate at the Chartered Institute of Housing’s conference later this month promises to be fierce. Here, some of housing’s hot shots fire their opening salvos - are they hitting the mark?
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HCA mothballs £214 million of kick-start schemes ahead of Budget
11/06/2010
The chief executive of the Homes and Communities Agency has admitted that the future of all uncommitted funding for its kick-start scheme is under threat.
-
Scrapping TSA would damage associations’ credit ratings
11/06/2010
A leading ratings agency has implied that any move by the coalition government to close the Tenant Services Authority could see it downgrade housing associations’ credit ratings.
-
Shapps: the coffers are empty
11/06/2010
Housing minister Grant Shapps has claimed money for affordable housing has run out and a ‘myriad’ of schemes will face the axe.
-
The big cash backlash
11/06/2010
Two weeks ago, I wrote on these pages that annual housing starts in England - currently languishing at around 80,000 - may yet enjoy an unexpected fillip under the coalition government.
-
CLG decides where the axe will fall
10/06/2010
The government has set out details of how cuts to housing and regeneration programmes will be made and which ones will bear the brunt of the pain.
-
Homeownership is goal as social housing funds run dry
08/06/2010
Housing minister Grant Shapps today announced an ‘age of aspiration’ for homeownership, but warned there is little funding for social housing.
-
Coalition to stick with HRA reform schedule
07/06/2010
The coalition government will continue with the planned timetable for changes to the housing revenue account subsidy system set out by the previous administration.
-
Grant reduction may hit house building
07/06/2010
Housing associations in Scotland will struggle to build homes after the government dropped grant rates by £2,000 a unit, an umbrella group has warned.
-
Notting hill judged low credit risk
07/06/2010
Notting Hill Housing Group has been judged a low credit risk, giving it the potential to finance any expansion plans.
-
New house builder promises 600 homes
07/06/2010
A new developer launched with £100 million of private equity funding has pledged to build 600 homes in London in the next five years.
-
Opportunistic cuts hide long-term plans
07/06/2010
Housing professionals should draw no conclusions about future housing policy or investment from the coalition government’s spending cuts, the head of the National Housing Federation has said.
-
Storm clouds gather over housing schemes
04/06/2010
House builders and planners across the UK have launched desperate bids to save vital regeneration schemes from being washed away in a flood of government cuts.
-
£285m mortgage funding gap looms
04/06/2010
The Council for Mortgage Lenders is to lobby the government in a bid to ensure the £285 million mortgage rescue scheme is not axed.
-
Associations asked to back quality design
04/06/2010
The government’s architectural watchdog has urged housing associations to support ambitious new space standards for social housing or risk seeing them fall by the wayside.
-
Council houses under threat
04/06/2010
Local authorities fear the first significant council house building programme for more than a decade is under threat from funding cuts.
-
Home Group to sell 10 per cent of stock
04/06/2010
Home Group will sell more than 10 per cent of its properties and raise £100 million in the biggest stock rationalisation deal ever seen.
-
Shapps to be focal speaker at Harrogate
04/06/2010
Housing minister Grant Shapps is to give a keynote speech at this year’s Chartered Institute of Housing conference and exhibition in Harrogate.
-
Eco-towns funding under threat
03/06/2010
Eco-town funding is under threat as part of government cuts to spending.
-
Impairment charges down from last year
03/06/2010
More than 60 housing associations expect to make impairment charges of over £113m in their 2010 accounts, a new report from the regulator has said.
-
Group structure formed for older people in Wales
03/06/2010
The umbrella body for housing associations in Wales is to join forces with the national body for helping older people live independently in their homes.
-
Aldwyck and Broadland housing associations could face financial trouble
02/06/2010
Two housing associations have slipped from meeting the Tenant Services Authority’s finance performance standards to being ‘vulnerable to deterioration’.
-
Government stalls recruitment of Audit Commission head
02/06/2010
The Government has thrown into disarray the appointment of the new head of the Audit Commission over a £240,000 pay packet.
-
Government guns for CEOs' pay
02/06/2010
The Government has launched a broadside on highly paid housing association chief executives.
-
Four CLG staff on £150,000 a year list
01/06/2010
Four civil servants in the department for Communities and Local Government have appeared on a Government list of mandarins earning more than £150,000.
-
London councils to get HCA funding
01/06/2010
London councils would be given a share of the Homes and Communities Agency’s budget in plans being drawn up by Boris Johnson and the Government.
-
Fears of second house price dip in Europe
01/06/2010
House prices in Europe could dip for a second time later this year or early next, warns a finance investment research company.
-
General election slowed housing market
01/06/2010
Uncertainty caused by the general election caused a slowdown in the housing market in May, according to the latest figures.
-
Healey demands apology over black hole claims
28/05/2010
John Healey has demanded a public apology after the new government claimed to have found a financial ‘black hole’ in Labour’s social housing plans.
-
Executive told to become an umbrella body
28/05/2010
The Northern Ireland Housing Executive should split its landlord and funding functions, a commission into the future of the sector has recommended.
-
HCA cuts threaten 7,000 homes
28/05/2010
More than 7,000 new homes are under threat as a result of a £610 million package of funding cuts and spending freezes.
-
Healey lists key tests for new government
28/05/2010
Former housing minister John Healey has outlined the key points he feels the new government must address.
-
It’s little things that count
28/05/2010
The quest to create great places to live and work must remain central to what we do, no matter what the future holds, says Sir Bob Kerslake
-
The big freeze
28/05/2010
Figures from the National House Building Council this week show that housing starts across the UK in the first three months of this year are almost double those for the same period in 2009.
-
Time to be creative
28/05/2010
The pressure’s on to make sure those most in need do not get short changed by public spending cuts
-
Investment trust to fund building in Wales
27/05/2010
The Welsh government has given an £178,000 grant to Community Housing Cymru to develop an investment trust for house building.
-
HCA cuts £230m and freezes new spending
26/05/2010
The Homes and Communities Agency has cut £230 million from existing programmes and frozen spending on key schemes including Kickstart and the national affordable housing programme.
-
Government cuts 'mixed bag' for housing sector
25/05/2010
Government plans to save £6.2 billion but invest £170 million of the proceeds in social housing have been met with a cautious welcome by housing representatives.
-
Scots publish plans for housing policy overhaul
25/05/2010
The Scottish Government has produced wide-ranging proposals to radically shake-up housing and produce a ‘recession-proof’ policy for the country.
-
CLG cuts dwarf £170m investment
24/05/2010
The government is slashing the budget of the Communities and Local Government department but putting an extra £170 million into social housing.
-
Top CLG official to step down
24/05/2010
The most senior civil servant at the Communities and Local Government department is leaving to take up a new post.
-
Durkan lands £11.5m contract
24/05/2010
Construction firm Durkan has been awarded an £11.5 million housing association contract to build 94 homes in Surrey.
-
Brace yourself
21/05/2010
With a new government in place we must prepare for major cuts and changes
-
Cabinet’s missing minister
21/05/2010
Housing minister Grant Shapps will not attend cabinet meetings unlike his four Labour predecessors. Does it matter and what does it say about the importance of housing within the new coalition government? Chloë Stothart finds out
-
Charnwood fails to secure vital funding
21/05/2010
An arm’s-length management organisation which sacked its finance manager following an overspend has been criticised by inspectors.
-
Getting in the big guns
21/05/2010
The government is preparing to give building contracts to private landlords, but how well will they do?
-
Housing’s super heroes
21/05/2010
Our annual Housing Heroes awards celebrate those individuals and teams who have made a super human effort. Lydia Stockdale shines a spotlight on this year’s winners
-
NHF: subsidiaries could help raise development cash
21/05/2010
Housing associations should consider issuing shares through unregulated subsidiary companies to raise funds, according to a radical new report from the National Housing Federation.
-
Northern Irish sector warned to attract more private investors
21/05/2010
The Northern Irish housing sector must make itself more attractive to private investors if it is to weather the economic storm, an influential report will state.
-
Simply the best
21/05/2010
They came, they saw - and they inspired.
-
Treasury review targets housing spending
21/05/2010
Plans to build thousands of affordable homes with £380 million of public funds are under threat following the announcement of a government spending review.
-
Housing finance reform among coalition priorities
20/05/2010
The coalition government has set out its housing priorities including a review of the housing revenue account subsidy system.
-
Birmingham to build homes for intermediate rent
20/05/2010
Birmingham council is planning to set up a joint venture with private developers to build homes for intermediate rent.
-
Sanctuary secures strong credit rating
19/05/2010
One of the largest housing associations in the country has had its Aa2 credit rating confirmed.
-
HCA axes director posts to save £2m
18/05/2010
The Homes and Communities Agency is slashing its number of directors and closing a London office as part of moves to save £2 million a year.
-
Kier reports healthy start to 2010
17/05/2010
Construction and maintenance group Kier has reported a strong start to the year.
-
Action not words
17/05/2010
Justin Sumner sets out the key financial issues facing the new government, and their potential impact on the housing market.
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House price rise nears double figures
17/05/2010
House prices have risen nearly 10 per cent in the last year, according to government figures.
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£700m HCA contracts on hold
14/05/2010
Revised purdah rules have prevented the Homes & Communities Agency from signing off approved contracts worth an estimated £700 million during the election period.
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Councils face HRA reform debt charge
14/05/2010
Several councils could lose hundreds of thousands of pounds as an unintended consequence of restructuring their debt under the planned reform of the housing subsidy system.
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Staying alive
14/05/2010
Arm’s-length management organisations were always about the money. A New Labour brainchild, they launched in 2002 as a way for councils to land decent homes funding while retaining ownership of their stock.
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Thousands ripe for intermediate rent
14/05/2010
Thousands of tenants allocated general needs housing last year could have moved into intermediate tenures, a new report has claimed.
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Shapps set to be new housing minister
13/05/2010
The Conservatives’ former shadow housing minister Grant Shapps is to be the new minister for housing.
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Struggling homeowners still need support
13/05/2010
The Council of Mortgage Lenders has warned the Government against complacency as the number of repossessions goes down.
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£6bn cuts will hit housing budget hard
12/05/2010
Housing providers will need to fight hard to get anything near their current funding settlement from the new government, industry experts warned today.
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Barratt predicts return to profit
12/05/2010
House builder Barratt Developments has said it expects to return to profit in the second half of its financial year, which runs to 30 June.
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Coalition PM promises stronger communities
12/05/2010
David Cameron has begun his time as prime minister with a promise to build a more responsible society with stronger communities.
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Mears racks up £500m of contract wins
11/05/2010
Mears has reported strong trading in the first quarter with its highest ever number of new social housing contracts.
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Investors seek private rented sector tax breaks
11/05/2010
An alliance of property sector bodies is calling for tax breaks to encourage institutional investment in private rented sector housing.
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Surveyors expect house price rise
11/05/2010
More surveyors reported a rise in house prices in April than in previous months, according to a survey.
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House builder reports rising sales
10/05/2010
Affordable housing specialist Galliford Try has reported an increase in sales.
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Halifax finds house prices are flat
10/05/2010
House prices remained almost unchanged in April, according to the Halifax.
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Builder reports positive start to 2010
07/05/2010
Construction and regeneration group Morgan Sindall has reported a positive start to the year with a rise in reservations for open market housing.
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Labour offers DUP funding sweetener
07/05/2010
The Labour party has offered to protect Westminster funding for Northern Ireland as part of deal with the Democratic Unionist Party.
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In the balance
07/05/2010
In recent weeks the leaders of the three main political parties have all been interviewed by Inside Housing. With the make-up of the next UK government still in doubt, here is what the various options could mean for the housing sector.
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Election result leaves housing in limbo
07/05/2010
The hung parliament following the election has brought further uncertainty to the housing sector, commentators have warned.
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Calculate the benefits
07/05/2010
Housing associations can now take advantage of new tax benefits by registering ‘for profit’ subsidiaries with the TSA. Philip Alfandary and Kate Silverman explain how.
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Labour’s legacy
07/05/2010
In 1997 we were promised that things could only get better for social housing. So after 13 years in power - and nine housing ministers - did Labour deliver? Keith Cooper looks back on a time of both great achievement and missed opportunity
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Out with the old
07/05/2010
Waking up to a coalition government today could be the best opportunity housing has to take charge of its own destiny, argues Tim Leunig
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Pension fund to invest in housing
07/05/2010
Bank says fund could generate up to £2 billion for housing associations
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Straight to work
07/05/2010
No matter which party is declared the victor following yesterday’s general election, the new housing minister faces a mammoth task. Chloë Stothart finds out which issues are top of the to-do list
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Building figures suggest recovering market
05/05/2010
Registrations to build new homes in the first quarter of the year were up 72 per cent on last year, according to figures published by the National House Building Council.
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Boris to run London HCA under Tory plans
04/05/2010
The Homes and Communities Agency in London would be put under the control of the mayor, under Conservative proposals.
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Land Registry bucks price rise trend
30/04/2010
The Land Registry has recorded a 0.6 per cent fall in house prices for March, in contrast to the other major indices.
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Split site plan for Chelsea Barracks homes
30/04/2010
Around half of the affordable housing for the controversial £3 billion Chelsea Barracks development in central London could be built on a neighbouring development.
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A clear future for debt
30/04/2010
Borrowing costs look set to rise, no matter which party wins the election.
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Council building ‘expensive’
30/04/2010
The chair of a national commission on council house building has said local authority house building is ‘the expensive option’ for the government.
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Councils back new finance reforms
30/04/2010
The majority of senior council staff expect to back the government’s proposals for reform of the housing finance system, a new survey has found.
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Elephant in the room
30/04/2010
Social housing providers must weigh up whether to invest in new housing or existing communities, says Heather Petch
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House Proud hat trick
30/04/2010
Inside Housing and the Chartered Institute of Housing’s House Proud campaign has achieved its three aims to become a hot election issue. Lydia Stockdale looks back at the campaign and explains why the fight must go on
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Private build in London rises 198 per cent
30/04/2010
The number of private new builds started in the UK more than doubled between the first quarter of 2009 and the same period in 2010.
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Time to get even
30/04/2010
The worlds of housing and finance must work together to tackle the wealth gap between social tenants and homeowners
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Connaught to ditch £65m of work
28/04/2010
Connaught is to pull out of social housing work worth £65 million over the next two years.
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Repairs firm lands £300m contract
26/04/2010
Maintenance and repairs company Mears is to land its biggest ever contract with a £300 million housing association deal.
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Redrow anticipates return to profit
26/04/2010
House builder Redrow has said it expects to return to profitability in the second half of the year but that conditions will remain ‘challenging’.
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Market slows ahead of election
26/04/2010
The number of homes on the market continues to outstrip the number sold as buyers hold off purchasing until after the election.
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NHF paper defends shared ownership
26/04/2010
A group of large housing associations have published a paper defending shared home ownership in the face of competition from shared equity schemes.
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Mears set for £170m Lambeth deal
23/04/2010
Repairs and maintenance company Mears is set to win a £170 million contract from the London borough of Lambeth.
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Democratic behaviour
23/04/2010
Nick Clegg may be riding high in the televised party leaders’ debates, but in the second of Inside Housing’s leader series, we ask: can the Liberal Democrats win housing’s vote?
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Inviting caution
23/04/2010
Councils across England have welcomed the government’s proposed housing revenue account reforms but, says Robin Tebbutt, there are still several sticking points for them to consider before they sign up
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Leeds under fire over procurement
23/04/2010
Leeds Council has been told it should tighten up its procurement procedures following concerns about a temporary accommodation contract.
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Lib Dems defend new build VAT plan
23/04/2010
The Liberal Democrats have denied claims that tax reforms that would add a minimum of 5 per cent VAT to the cost of new housing would push up house prices.
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Placeshapers’ chair vows to battle cuts
23/04/2010
The new chair of the national group that champions community-based housing associations has vowed to battle against cuts that damage services to tenants.
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Play your cards right
23/04/2010
In times of financial hardship, landlords need to get their priorities straight
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The future’s bright
23/04/2010
Local authorities should grab the chance to break free from the housing revenue account with both hands, says Jon Cruddas
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Lib Dem role in government could boost housing
21/04/2010
A hung Parliament could be good for housing because the Liberal Democrats would be given responsibility for the sector, the head of the CIH has claimed.
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Lloyds buys stake in United House
21/04/2010
A private equity firm has bought an estimated 30 per cent stake in housing contractor United House.
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Scots give £31m to affordable housing
20/04/2010
Affordable housing in Scotland has been given the biggest chunk of an extra £76 million awarded to the country after the Budget.
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Scales of prudence
19/04/2010
Justin Sumner gives his monthly update on how wider economic changes are affecting the housing sector.
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Housing starts rise as prices strengthen
19/04/2010
The value of UK housing projects starting work in the first quarter of 2010 rose 37 per cent compared with last year.
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Cuts could delay build goal by 20 years
19/04/2010
The government’s affordable homes target could be missed by twenty years unless the three major parties promise to protect the housing budget, providers are warning.
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Gateshead aims to branch out
16/04/2010
Gateshead’s arm’s-length management organisation is examining plans that would see it become the first ALMO to manage homes outside its home town or city.
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Lib Dems would create housing 'bombshell', say Tories
16/04/2010
Plans for housing in the Liberal Democrat manifesto would create a ‘bombshell’ for first-time buyers, the Conservatives have claimed.
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£25 billion reform would leave councils with ALMOs better off
16/04/2010
Councils with arm’s-length management organisations could see their collective housing debt fall by more than £5.3 billion under proposals for reform of the housing finance system.
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Election panel: readers say it is possible to deliver more for less
16/04/2010
Prime Minister Gordon Brown announced last week that a future Labour government would expect more homes to be delivered with less funding.
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Essex joins eco-town list
16/04/2010
A partnership of three councils in Essex will receive £200,000 to help develop proposals for new eco-town communities.
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Outward bound
16/04/2010
Do your research before introducing new arrangements, says Avril Smith
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Parties reveal vision for future of housing
16/04/2010
The three main political parties outlined radically different proposals for social housing in their manifestos this week.
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Police hunt finance chief over Ujima ‘fraud’
16/04/2010
Police have appealed for help tracking down the former finance director of failed housing association Ujima, who has gone on the run.
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Political pledges
16/04/2010
Historically the Liberal Democrats have been one of the most popular parties with the housing sector. The latest instalment of our weekly readers’ panel poll bears this out. However, this popularity has mattered little at a national level - until now.
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South east build targets ‘insufficient’
16/04/2010
MPs have urged regional bodies in the south east to revise and increase their house building targets.
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Too many cooks
16/04/2010
If Scotland is to increase the supply of affordable homes it must find a united voice
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Greens pledge to plough £4 billion into social housing
15/04/2010
The Green Party would launch a £4 billion social housing programme and focus on expanding the role of council delivery if it came to power.
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Lib Dem MP calls for more generous way of funding housing
15/04/2010
Simon Hughes, MP for North Southwark and Bermondsey, has called on whichever party forms the new government in May to introduce a ‘much more open, honest and generous way of funding housing.’
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Numbers of mortgages increased in February, say CML
15/04/2010
The number of residential mortgages taken out in February increased by 12 per cent on the previous month signalling a modest recovery, said the Council of Mortgage Lenders.
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Lib Dems promise to reform public sector borrowing
14/04/2010
Councils could be freed from current public sector borrowing requirements in order to build a new generation of council homes under a Liberal Democrat government.
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Tories pledge to respect social housing tenures
13/04/2010
The Conservative Party has pledged to ‘respect’ the tenures and rents of social housing tenants if it wins power.
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House prices rise but at slower pace
13/04/2010
House sales are expected to increase and prices are likely to stabilise, according to a poll of surveyors.
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Private landlords hit out at Labour manifesto
13/04/2010
The Labour Party’s election manifesto has been criticised by large private landlords for a lack of clarity on how it will fund 50,000 new affordable homes.
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House building to rise in 2010
13/04/2010
House builders in the UK will produce 154,000 more homes in 2010, according to new research.
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HCA spends £5.6billion to beat targets
12/04/2010
The Homes and Communities Agency has said it has met or exceeded its main targets for 2009/10.
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Home ownership central to Labour housing manifesto
12/04/2010
The Labour Party will fight the General Election with pledges to extend home ownership to people on modest incomes and make savings in funding for regeneration.
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Lender reports house price surge
09/04/2010
House prices rose 1.1 per cent in March, reversing a 1.6 per cent fall seen the previous month, according to the Halifax.
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And they’re off
09/04/2010
The common complaint this week as the phoney war for Number 10 finally ended, was that it was impossible to draw a line between the main political parties.
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Bid to unlock £42m of EU retrofit cash
09/04/2010
Two regional development agencies have called for housing associations to form consortia in order to access a total pot of up to £42 million of EU funding that would be used to bolster England’s fledgling retrofit industry.
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Prime minister’s question time
09/04/2010
The general election was finally called this week - on 6 May Britain will choose its next government. In the first of a series in which we quiz the leaders of the three main political parties, Inside Housing asks prime minister Gordon Brown why social housing employees and their tenants should vote Labour
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Round the houses
09/04/2010
The Budget is helping out homeowners but what about the renters?
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Election panel: readers back HRA reforms
08/04/2010
Government plans to give councils freedom to manage their own housing finances in exchange for taking a share of £25 billion of debt have been broadly backed by Inside Housing readers.
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Credit is due
01/04/2010
The Budget’s bank accounts for all is a step in the right direction but people need access to affordable credit
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Cutting costs
01/04/2010
Housing slipped back down the agenda in Labour’s Budget
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Deal or no deal?
01/04/2010
It may only have taken Labour 13 years of government, but weeks before the expected general election the party has finally outlined detailed plans to dismantle the hated housing revenue account system.
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Don’t put your eggs in one basket
01/04/2010
Now that investing in bricks and mortar is not as safe as it used to be maybe it’s time we start hedging our bets, writes Chris Blackhurst
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Majority of councils back HRA overhaul
01/04/2010
The vast majority of councils have told the government they support plans that would see them leave the current housing subsidy system and become self-financing.
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Plan to split ALMO owners
01/04/2010
Local communities could take control of arm’s-length management organisations in a bid to gain access to more private investment.
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Revealed: HRA winners and losers
01/04/2010
Five councils would take on more than £1.5 billion worth of additional debt between them under government plans to revamp the entire housing finance system.
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Scottish HAs face £169m funding cut
01/04/2010
Housing associations in Scotland will build 1,569 fewer homes next year after a £169 million funding fall, the Scottish Federation of Housing Associations has warned.
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Election panel: Budget falls short
31/03/2010
There was not enough support for affordable housing in the Budget, according to our panel of readers.
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Durham pilot to lead cost-cutting drive
30/03/2010
Housing provision in Durham is facing ‘rationalisation’ following a review that will inform government efforts to save £11 billion.
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House price growth returns in March
30/03/2010
House price growth returned in March following the dip in February, according to Nationwide’s house price index.
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Lancashire councils secure £84m
29/03/2010
Councils in Pennine Lancashire have agreed an £84 million investment package to improve housing and boost the area’s economy.
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Land Registry confirms house price drop
26/03/2010
The Land Registry has reported house prices fell in February, following five consecutive monthly increases.
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Councils voice fears over HRA debt plans
26/03/2010
Councils have welcomed plans to dismantle the housing revenue account subsidy system but voiced concerns over the levels of debt they will be hit with.
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Associations’ debt capacity drops £900m
26/03/2010
Housing associations have enough spare cash to borrow up to £2.7 billion, according to a new study by the Tenant Services Authority.
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Hackney plan agreement
26/03/2010
A £1 billion regeneration scheme in Hackney has taken a step forward after the council signed a principal development agreement with PCHA and Berkeley Homes.
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Housing receives £2bn Budget blow
26/03/2010
Housing emerged as the biggest loser in chancellor Alistair Darling’s Budget on Wednesday.
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Income from shared ownership sales to plummet
26/03/2010
Housing associations’ income from first tranche shared ownership sales is forecast to plunge by almost half compared with last year’s estimate, a report from the sector’s regulator reveals.
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Into the unknown
26/03/2010
Whatever the next six months bring, housing must rise to the challenge if it is to contribute to survive the cuts on the horizon, says Sir Bob Kerslake
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Metropolitan targets £70m deal
26/03/2010
Metropolitan Home Ownership is in talks with private equity firms prepared to invest a total of around £70 million in shared equity and shared ownership schemes.
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Northern Irish trio in £72m club bond
26/03/2010
A group of three housing associations have become the first social landlords in Northern Ireland to access funding from the bond market in a £72 million deal.
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Planned private sector homes up 114%
26/03/2010
Housing associations and councils applied to start building 7,563 new homes in the three months to January, up 9 per cent on the same period in 2009.
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Planners: don’t withold grants
26/03/2010
Planners have hit out at government proposals to withhold grants from councils that do not have a satisfactory five-year land supply document.
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What a legacy, Darling
26/03/2010
The biggest cheer of Budget day may have been for Belize and a jibe about Conservative peer Lord Ashcroft, but the housing sector is more concerned about measures the Chancellor announced a bit closer to home.
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Councils face £25bn charge for financial freedom
25/03/2010
Councils will share £25.1 billion pounds of debt to buy their way out of the housing subsidy system, under proposals announced today.
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Campaigners welcome super-strength tax
25/03/2010
A homelessness charity has welcomed Alistair Darling’s pledge to increase the tax on strong cider.
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Budget fails to address demand for homes
25/03/2010
Housing bodies welcomed the announcements in yesterday’s Budget, but warned more will be needed to meet demand for affordable housing.
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Green bank ideal for energy efficiency
25/03/2010
Government plans to create a Green Investment Bank could provide the perfect opportunity to fund energy efficiency improvements to homes, according to industry figures.
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CLG told to cut costs by £200m a year
24/03/2010
The Communities and Local Government department has been asked to save £200 million a year as part of efficiency savings in the Budget.
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Funding threat for land-holding councils
24/03/2010
The government will withhold funding from local authorities that do not bring forward enough land for housing development, it has announced.
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Housing benefit reforms to save £250 million
24/03/2010
The most expensive properties in an area will be excluded from housing benefit calculations as part of a bid to save £250 million a year, the chancellor has said.
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Budget to include further support for housing
24/03/2010
Chancellor Alistair Darling is expected to announce further support for the housing sector in today’s Budget.
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March figures suggest changing market
24/03/2010
Market intelligence agency Hometrack has suggested the housing market is changing, as its latest monthly survey shows a 0.3 per cent price rise.
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Review to assess coalfield regeneration
22/03/2010
The government will review the regeneration of former mining areas, housing minister John Healey has said.
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Olympic Park sold in £138m deal
22/03/2010
Two sites for the Olympics have been transferred from the London Development Agency to the company which will work on the legacy for the games.
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At the crossroads
19/03/2010
All the political parties will be poring over John Healey’s proposals on council housing finance reform because, whoever wins the election, change in housing’s financial model is afoot - and its effects will last for years, writes David Hall
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Conflict of interests
19/03/2010
Cash incentives won’t be enough to persuade local communities to build new affordable housing
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Constructive debate
19/03/2010
With councils building homes on a scale not seen for years, Inside Housing assembled a panel of experts to thrash out some of the key issues. Chloë Stothart attends the Question Time event and finds there is no shortage of opinions
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Ethical bank lends £100m to housing
19/03/2010
Ethical bank Triodos agreed nearly £100 million of new loan facilities with housing associations last year.
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Forecast uncertain
19/03/2010
Uncertainty looms over the prospects for the economy, over the political complexion of the next government and - above all for the sector’s finance teams - over the way public sector cuts will affect housing. Lydia Stockdale reports
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Introducing.....House Proud readers' panel
19/03/2010
Every week from now until polling day, Inside Housing’s general election Readers’ Panel will give an insight into what the sector thinks of the politicians’ promises. As the runners and riders line up, Isabel Hardman canvasses some early views
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Lenders call for Budget pledge
19/03/2010
The government has been told to set out plans in next week’s Budget to replace two funding schemes that have pumped £312 billion into the sector.
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Licensed to pay the bills
19/03/2010
After years in the shadows, the capital markets have come into their own for housing associations. Shaken into life by the credit crunch, but unstirred by volatile interest rates, Crispin Dowler reveals how the bond struck back - and how landlords can make the most of the resurgence
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NHF gives shared owners new hope
19/03/2010
Many more shared owners are proceeding to outright homeownership than previously thought, according to figures released by the National Housing Federation.
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Slow burn strategy
19/03/2010
Low rental yields on affordable housing offer little incentive to private investors. But a longer-term return on the capital value of their investment might tempt them into the market, argues Ian Graham
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Tell me about your cash flow
19/03/2010
The stresses and strains on finance directors have never been so acute. Using the results of our exclusive survey, Lydia Stockdale reveals just what’s on their minds
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The PFI marathon
19/03/2010
Only 10 councils are in contention for the sixth round of housing PFI, but if they want to get their hands on the funds they will have to dig deep and chase down £1 billion of investment themselves. Keith Cooper reports
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The year in numbers
19/03/2010
After the financial battering the sector took last year, 2010 has proved no less challenging, but as Ben Cook reports, there is a new-found resilience among those whose job it is to balance the books
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Tories: we will scrap the TSA
19/03/2010
The Tenant Services Authority will be axed if the Conservative Party wins the upcoming general election.
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MPs slate decent homes programme
18/03/2010
A committee of MPs has slammed the way the decent homes programme has been run, and called for clear proposals on its future.
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Willmott Dixon wins £350m Scape contract
17/03/2010
Building firm Willmott Dixon has won a £350 million contract to carry out work through public sector procurement vehicle Scape.
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Housing sector backs TSA standards
17/03/2010
The leading organisations representing social housing professionals have given their backing to regulatory standards unveiled yesterday.
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Green paper to set out future for housing
16/03/2010
The Scottish Government will publish a green paper looking for new ways to address the need for housing in the country, the housing minister has announced.
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Fed calls for £11.7bn Budget investment
16/03/2010
The National Housing Federation has called for an £11.7 billion investment in housing, ahead of next week’s Budget.
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Healey to allocate £135m planning grant
16/03/2010
Housing minister John Healey is today set to announce this year’s allocation of the housing and planning delivery grant.
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Tories attack £25m shortfall in house building funds
15/03/2010
The Conservatives have claimed there is a £25 million ‘black hole’ in the government’s pledge to build 110,000 new homes in two years.
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Green industry calls for new funding model in Budget
12/03/2010
Developers and councils should be able to finance environmental improvements by borrowing against future tax revenues, industry figures have said
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A2Dominion secures £100m Lloyds loan
12/03/2010
A2Dominion has signed a £100 million loan deal with Lloyds Banking Group which will be used to fund 1,000 affordable homes over the next four years.
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All change, please
12/03/2010
From curtailing the right to buy to setting up an investment bank, Alex Neil wants to modernise every part of Scotland’s housing. Launching our special focus on Scotland, Martin Hilditch meets a man on a serious charm offensive.
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Auction income jumps £20m
12/03/2010
The amount of social housing stock sold at auction rose dramatically last month, according to the latest monthly figures from Essential Information Group.
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Facing the chop
12/03/2010
The axe has fallen on Scotland’s housing budget so how will the sector cope? Inside Housing asked a cross section of housing professionals to find out.
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Haunting incentive
12/03/2010
There will be no avoiding the cloud hanging over next week’s Chartered Institute of Housing Scotland conference in Glasgow.
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Persimmon receives £20 million kick-start
12/03/2010
Almost a quarter of the successful bids for the second round of the government’s £975 million kick-start programme involved developer Persimmon Homes.
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Riverside in talks to sell 1,200 homes
12/03/2010
Riverside group is to sell 1,200 homes to around 11 social landlords, in one of the biggest deals of its kind.
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Tribal: club bonds could soar sky high
12/03/2010
The number of housing associations working together on bond deals could jump as the result of negotiations with ratings agencies over the way the landlords are awarded a rating.
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United House faces buy-out
11/03/2010
United House, one of the largest social housing contractors in southern England, is on the verge of a management buy-out.
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Budget cuts hit Highland house building
11/03/2010
Highland Council has announced it is facing a 45 per cent cut in funding for affordable housing in the next year.
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Time to act
10/03/2010
Justin Sumner gives his thoughts on how the latest economic developments could affect the housing market
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Mears’ turnover rises 26 per cent
09/03/2010
Repairs and maintenance firm Mears increased its social housing revenue by 26 per cent last year, its preliminary results have shown.
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Housing supply puts pressure on prices
09/03/2010
The rate at which homes are coming onto the market is outpacing growth in demand, putting downward pressure on prices.
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Stalled schemes get £83m from Kickstart
09/03/2010
The government has allocated nearly £83 million to 87 developments in the second round of its £1 billion Kickstart scheme.
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Healey writes off Byker’s £44m debt
05/03/2010
John Healey has agreed to write off £44 million of housing debt to help with the regeneration of Newcastle’s Byker estate.
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Associations enjoy dip in interest rates
05/03/2010
Housing associations are borrowing money at much more favourable rates than at any time since the start of the downturn, according to the Tenant Services Authority.
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Give us a break
05/03/2010
The demand for intermediate housing is huge - lenders need to help meet it
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Second index reports house price fall
04/03/2010
House prices fell 1.5 per cent in February, after rising for seven months in a row, according to the Halifax.
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Taylor Wimpey sees sharp fall in profits
03/03/2010
Operating profit in Taylor Wimpey’s UK housing business fell sharply in 2009, dropping from £53 million in 2008 to £14.3 million.
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Birmingham slams ‘unfair’ rent rises
02/03/2010
Birmingham council has hit out at the government for ‘forcing’ it to raise its tenants’ rents.
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Release drives Persimmon back into black
02/03/2010
Leading house builder Persimmon has reported a £77.8 million pre-tax profit for the year ending 31 December.
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Housing market slows in February
01/03/2010
Housing market activity was ‘sluggish’ in February, with increases in the number of homes for sale and buyer registrations below seasonal averages.
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A cruel squeeze
26/02/2010
Scotland’s housing will suffer unless we work to counter government cuts
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Bond market boom attracts new player
26/02/2010
A new entrant in the social housing bond market will compete with Trade Risks and The Housing Finance Corporation when it launches next month.
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Mortgage lenders seek reassurance over TSA scrutiny of landlords
26/02/2010
Lenders have warned the Tenant Services Authority that the tight timescale for its new regulatory regime poses ‘significant’ risks.
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Origin transfers 12 per cent of stock
26/02/2010
Origin Housing Group is to shed 632 homes and narrow its focus to just North London and Hertfordshire.
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Shared ownership schemes ‘preferable’ to open market
26/02/2010
More than a third of people who want to buy a new home hope to enter the intermediate market as shared owners because it is their only option for getting onto the property ladder.
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TSA issues benefit bill warning
26/02/2010
Social landlords have been warned that plans to slash the UK’s huge housing benefit bill could undermine their financial stability.
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Associations hit by £315m of cash calls
25/02/2010
Housing association were hit by calls for £315 million last quarter to provide security for complex financial agreements.
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Housing Heroes shortlist unveiled
25/02/2010
The shortlisted entrants for awards that recognise the unsung ‘heroes’ of the housing sector have been announced.
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London faces housing supply shortage
24/02/2010
London will be faced with a shortage of homes unless steps are taken to improve the house building market, a leading developer has warned.
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Breaking new ground
24/02/2010
Developer First Base’s Highbury Gardens scheme shows how affordable house building can keep going through tough economic times
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Kier profits hit by £17.9m OFT fine
24/02/2010
Construction and maintenance firm Kier made a £7.8 million profit for the six months to 31 December 2009, after being hit with a £17.9 million fine.
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Social landlords escape credit crunch
24/02/2010
Housing associations have successfully fought their way through the credit crunch to stay in good financial health, according to a study published today.
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Builders’ results show improving picture
24/02/2010
Half-yearly results from two leading house builders have shown improving financial performance despite falls in the number of homes built.
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£500m allocation to deliver 8,000 homes
23/02/2010
The government has confirmed the latest housing association funding allocations, amounting to £500 million for 8,000 homes.
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A cloud lifts
19/02/2010
The nightmare of the past few months for staff and tenants at Three Valleys Housing finally seems to be ending. The departures of chief executive, Paul Eastwood, and finance director, Nasreen Hussain, mean that the cloud that has hung over the organisation can now start to lift.
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HCA clamps down on PFI business plans
19/02/2010
Councils are stripping private sale income and Supporting People funding from their business plans for private finance initiative projects, in a bid to get the schemes off the ground.
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Isle of Wight to halve supported homes cash
19/02/2010
Funding for supported housing services on the Isle of Wight will be slashed in half if proposed budget cuts are adopted.
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Repairs firm moves into management
19/02/2010
Private sector involvement in social housing could create up to £1.53 billion in efficiency savings according to research from maintenance and facilities services provider Morrison.
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Shared owners ‘are not lax borrowers’
19/02/2010
Shared owners are no more likely to be repossessed than those who own 100 per cent of their property with a mortgage, figures released by the National Housing Federation’s home ownership advisory panel have revealed.
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Support offer fails to salvage Royal Docks
18/02/2010
The London Development Agency has terminated an agreement to develop 4,900 homes and regenerate the Royal Docks in east London, despite apparent interest from a consortium in partnering on the scheme.
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Government records 2.9% house price rise
16/02/2010
House prices rose 2.9 per cent during 2009, according to the Communities and Local Government department’s index.
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An ill wind
16/02/2010
Could rising inflation be the headwind that triggers a double dip recession? Justin Sumner hopes not
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Lack of property boosts asking prices
15/02/2010
Asking prices leapt 3.2 per cent in the last month due to the small number of houses coming on to the market, according to a property website.
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£2.5bn investment call for Wales
12/02/2010
The Welsh housing sector may need £2.5 billion of capital investment for mixed use social housing and stock transfers over the next five years, according to the first ever review of housing in the country.
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£200m Nottingham PFI opens for bids
12/02/2010
Nottingham City Council has become the first local authority to unveil its plans in the latest round of the £1.7 billion social housing private finance initiative.
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Government chews over HRA sweetener
12/02/2010
Councils could get a much bigger pay-out for major repair work as part of a deal to free them from the current housing finance system.
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Stock sales fall to pitiful lows
12/02/2010
The amount of social housing stock sold at auction fell dramatically last month, with just 10 properties going under the hammer, according to the latest monthly figures from Essential Information Group.
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What went wrong?
12/02/2010
From the beginning, Three Valleys Housing has seen chief executives come and go and has twice been placed under supervision. Its chief executive and finance director are currently suspended. Jamie Obertelli answers the question on everybody’s mind…
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Freeze hits housing market
09/02/2010
The cold weather last month caused the first drop in the number of people buying houses for more than a year.
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TSA outlines three-year plan
08/02/2010
The Tenant Services Authority has set out plans to fight fuel poverty and improve the energy efficiency of existing homes.
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Scots confirm £200m housing budget cut
05/02/2010
The Scottish Government has confirmed plans to slash its housing and regeneration budget by nearly £200 million.
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Barclays finances 3,000 home development
05/02/2010
Barclays has provided Waterloo Housing Group with £100 million in new debt finance to support the construction of 3,000 affordable homes.
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Hard times ahead
05/02/2010
Upheaval and uncertainty will make 2010 a hard year, but opportunities will arise, argues Jim Briscoe
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Hyde sets its sights on £200m bond deal
05/02/2010
The amount of money raised by housing associations on the bond markets in the past six months is set to soar to £1.1 billion.
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Not out of the woods
05/02/2010
The UK economy will remain in the doldrums until after the election, says Chris Blackhurst
-
Scotland mulls rise in new build grants
05/02/2010
The Scottish Government is considering increasing the amount of house building grant given to councils from £25,000 per unit.
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Shared insight
05/02/2010
Devolution has led to diverse approaches to housing policy - the cross-border lessons could be invaluable for all of us
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Welsh trust to woo private backers
05/02/2010
The Welsh Assembly Government is considering establishing a housing trust to pump private money into the social housing sector.
-
Government confirms HRA subsidy figures
04/02/2010
The government has published the final version of its housing revenue account subsidy determination, which covers council rents, management, maintenance and repairs funding.
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Shared ownership lease seeks to reassure lenders
02/02/2010
A revised shared ownership lease has been introduced in a bid to encourage more lenders into the market.
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Hyde secures first credit rating
02/02/2010
Credit rating agency Moody’s Investors Service has assigned housing association Hyde Group an Aa2 rating.
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Economists predict house price surge
01/02/2010
Analysts are predicting a 6 per cent rise in house prices for 2010, as the latest indices show continued growth.
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Bonds can beat inflation
29/01/2010
Two of the sector’s leading financial gurus turned forecasters in Inside Housing recently.
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CIH issues ‘reform or bust’ warning
29/01/2010
Almost all of the housing revenue accounts of stock-owning councils will go into the red unless they get a good deal under council housing finance reforms.
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Making a stand
29/01/2010
Mill Group boss David Toplas controls an investment fund worth £500 million giving aspiring homeowners the chance to buy. He tells Jamie Obertelli why his home buying model is one others will follow.
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Santander lends to small HAs
29/01/2010
Banking giant Santander is retraining a number of former Alliance & Leicester staff to help deliver finance to smaller housing associations across the country.
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Scots wha hae
29/01/2010
‘O wad some power the giftie gie us, to see oursels as ithers see us!’. Robert Burns may not have had housing finance in mind when he wrote these words in his poem To a Louse, but for English local authorities there may well be an important parallel. Bear with me…
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Regulator cuts 10% from its budget
28/01/2010
The Tenant Services Authority has outlined plans to cut 10 per cent of its running costs over the next year.
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Armed forces offered homes discount
27/01/2010
Members of the armed forces are to be offered a 50 per cent discount on homes, in a £20 million pilot administered by the Homes and Communities Agency.
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Growth continues for mortgage market
26/01/2010
The number of mortgages approved for house buying rose slightly in December, according to the British Bankers’ Association.
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Boris faces 'housing time bomb'
26/01/2010
A member of the London Assembly has warned the mayor will be unable to meet his housing targets if he continues to rely on funding from government and developers.
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Spending cuts hit plans for half a million homes
25/01/2010
Planned cuts in public spending would see more than half a million affordable homes axed, the National Housing Federation has warned.
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Associations fear post-election cutbacks loom for entire sector
22/01/2010
Housing associations expect housing to plummet down the list of government funding priorities after the general election, an auditor has warned.
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Debt deal must be done
22/01/2010
‘If we don’t get a deal on housing revenue account reform soon, a child will die due to the poor state of some housing in our borough which we cannot afford to do anything about.’
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Indecent proposal
22/01/2010
Financial reform is essential if stock retaining councils are to secure the future of their already under funded decent homes programmes, argues John Lines
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LGA ditches debt demand
22/01/2010
The Local Government Association has dropped its call for all housing debt to be written off as part of the government’s council housing finance reforms.
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L&Q raises £300m through bond issue
20/01/2010
London & Quadrant has raised £300 million in private finance to fund its future development programme with the largest ever bond issued by a housing association.
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Building slump hits affordable homes
18/01/2010
Trading statements from leading builders have revealed sharp drops in the number of affordable homes built during 2008.
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Be loud and proud!
15/01/2010
In October last year Inside Housing fired the starting gun on the general election by running the sector’s first ‘hustings’ event in the countdown to May’s expected polling day.
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Collision course
15/01/2010
As Whitehall speeds up the convergence of social rents, it finds itself taking on landlords which say acceleration is throwing them dangerously off balance. Neil Merrick reports.
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Green light for £100m Cataylst plan
15/01/2010
A joint venture between Catalyst Housing Group and contractor Willmott Dixon Homes has been given the go-ahead to begin the regeneration of the Dee Park estate in Tilehurst, west Reading.
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IH launches new campaign
15/01/2010
Inside Housing is this week launching a campaign to take housing to the top of the political agenda as we enter a general election year.
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Landlords lambast rent subsidy cuts
15/01/2010
More local authority landlords have said they will face cash flow problems following changes to the council housing subsidy regime.
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Make the case for housing
15/01/2010
Housing is society’s unsung hero - and it’s time to change that. As election campaigns begin, it’s crucial we up our influence by shouting about the massive benefits our sector delivers year in, year out. Today Inside Housing and the Chartered Institute of Housing launch House Proud, a new campaign to help you do just that
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Record year for Mears
15/01/2010
Social housing service provider Mears has revealed that its social housing and domiciliary care activities now account for roughly 90 per cent of its group’s revenues.
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United strikes £18m of deals
15/01/2010
Specialist housing contractor United House has won three new contracts worth more than £18 million for decent homes refurbishment work.
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Barratt forward sales rise 43 per cent
14/01/2010
House builder Barratt Developments’ forward sales stood at £651.2 million on 31 December 2009, up 43 per cent on the previous year.
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A new beginning
13/01/2010
The start of 2010 will herald a fresh start for the house building market, if traditional indicators are to be believed. GL Hearn’s Justin Sumner explains why.
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House price rises slow in December
12/01/2010
The pace of house price increases slowed at the end of 2009, according to the latest figures released by the Royal Institution of Chartered Surveyors.
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Divining the future
08/01/2010
They say the future is written in the stars. So can they tell us what the next 12 months hold for social housing? Lydia Stockdale talks to eight leading industry figures - and one celebrity astrologer - to find out
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In the hot seat
08/01/2010
Who better to interview Chartered Institute of Housing president Howard Farrand than a couple of up and coming CIH members? Lydia Stockdale eavesdropped on their line of questioning.
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Housing beats construction slowdown
07/01/2010
A construction index has shown house building activity grew for the fourth consecutive month in December, despite a continuing slowdown across the rest of the sector.
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Persimmon upbeat despite drop in sales
07/01/2010
House builder Persimmon saw completions fall 12 per cent and revenue drop 20 per cent last year, a statement has revealed
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Association hands repairs budget to residents
05/01/2010
A housing association has delegated all decisions on its £11 million repairs budget to its residents.
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Cost of stamp duty freeze nears £500m
31/12/2009
The stamp duty holiday has cost the Treasury less than originally anticipated, with lost revenue expected to total under £500 million.
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2009 saw 5.9 per cent house price rise
31/12/2009
House prices rose 5.9 per cent during 2009, according to the latest figures from Nationwide.
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House prices to fall in 2010
29/12/2009
Analysts have predicted house prices will fall in 2010, despite a surge in the market in recent months.
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House prices to rise modestly in 2010
22/12/2009
House prices will rise by one or two per cent over the coming year, according to the latest housing market forecast.
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Forrest reports profit surge
22/12/2009
Privately-owned social housing support services group Forrest has announced turnover of £46.8 million for the year to 31 August, up 3 per cent on the previous year.
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Homeowners 'need long-term safety net'
21/12/2009
The government must do more for home owners to prevent repossessions rising in 2010, according to a review of the housing market.
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Cheer up!...you've already had the hangover
18/12/2009
You may prefer to forget a lot of what happened in 2009 but for the masochists among you, here’s a reminder of the year’s highs and lows. Caroline Thorpe reports
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Correct balance
18/12/2009
Fundamental reform is needed to foster the private rented sector
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Housing income for councils will remain ‘flat’ in 2010
18/12/2009
Councils’ housing income and the amount they repay to the government will remain almost flat next year.
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Money talks
18/12/2009
Want to know what the future really holds for social housing finance? Inside Housing gathered nine of the sector’s leading finance directors to find out. Jamie Obertelli reports
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South east left out of HCA grant raise
18/12/2009
The Homes and Communities Agency has increased its upfront grant payments to housing associations in a bid to accelerate the number of affordable homes built this financial year.
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Investors to put £1bn into private rented sector
16/12/2009
Institutional investors are set to plough around £1 billion into the private rented sector next year, according to the Homes and Communities Agency.
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HCA considers move to equity model
15/12/2009
The Homes and Communities Agency is proposing to take an equity stake in homes funded through the National Affordable Housing Programme.
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CIH predicts bleak future of budget cuts
15/12/2009
Cuts in the housing budget from 2011 are creating a bleak outlook for the sector, according to the Chartered Institute of Housing.
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Taxing questions
15/12/2009
The return of 17.5 per cent VAT has been long expected, but that doesn’t mean everyone is ready. Roy Knowles outlines how to prepare
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Prices rising despite strengthening market
15/12/2009
House prices are continuing to rise in spite of increasing numbers of properties available for sale, according to surveyors.
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Genesis bond raises £250 million
15/12/2009
Genesis has raised £250 million through a bond issue to repay existing debts and increase development.
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Regional cuts to hit renewal work
14/12/2009
A 20 per cent in funding to improve private homes will seriously hamper housing plans, regional agencies have warned.
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Inflation - The devil lying in wait?
11/12/2009
Justin Sumner gives his monthly update on how changes in the wider economy could impact on the housing market
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Associations bank ‘record’ deposits
11/12/2009
Funds deposited with lenders by housing associations have increased significantly in the past year, with Santander reporting deposits at ‘record levels’.
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Scratch the surface
11/12/2009
This week’s pre-Budget report contained several measures which impact directly on the work of social housing professionals. Three, however, merit particular scrutiny.
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Subsidy shake up revealed in February
11/12/2009
Councils will be told the terms on which they can leave the current housing subsidy system in February next year.
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Sector critical of pre-Budget report actions
10/12/2009
The pre-Budget report was a missed opportunity to slash the UK’s carbon emissions and reduce energy bills, according to the National Housing Federation.
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Associations urged to cash in on tax cut
10/12/2009
The year-long cut in VAT has saved housing associations around £40 million, according to financial experts.
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Regeneration hit by pre-budget cuts
10/12/2009
Industry figures have warned the government must move quickly to identify ‘other sources of funding’ for regeneration after the chancellor announced cuts.
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CLG faces £500m efficiency savings
09/12/2009
The Communities and Local Government department will have to contribute at least £500 million to £5 billion of additional savings by 2012/13, according the pre-Budget report.
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Welsh associations increase spending
09/12/2009
Housing associations in Wales have increased their spending by 20 per cent this year, according to Community Housing Cymru.
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Halifax figures show 1.4 per cent price rise
08/12/2009
House prices rose 1.4 per cent in November, reaching an average of £167,664, according to the Halifax.
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THFC allocates £345m European loan
08/12/2009
Housing associations across the UK are to share £345 million of European funding for regeneration, in the largest ever deal of its kind.
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A question of capacity
04/12/2009
Billion pound payouts from the government have made it a bonanza year for affordable housing development funding. But what will the cash deliver? IH polled the country’s top developing landlords to find out
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Don’t cut Kick-start budget, urges HBF
04/12/2009
The Home Builders Federation has called on the government to maintain and if possible increase the Homes and Communities Agency’s budget for the £925 million Kick-start programme, in its submission of suggestions to be included in the approaching pre-Budget report.
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Lenders push short-term deals
04/12/2009
The credit crunch has led banks to offer an increasing number of short-term loans to housing associations, although interest in long-term investment remains strong.
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One year on...
04/12/2009
Twelve months ago the Homes and Communities Agency and Tenants Services Authority were born in the midst of the biggest financial crisis in history. As they celebrate their first birthdays, Martin Hilditch asks their chief executives how they survived and whether they’ll see a second anniversary
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Time of change
04/12/2009
The banking world changed in 2007 - and so did social housing finance
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ALMOs petition over funding delay
03/12/2009
Arm’s-length management organisations have set up a petition demanding the government reverse its raid on their funding.
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House price slump expected despite latest rise
01/12/2009
House prices have risen for the seventh month in a row but are beginning to slow down, the latest Nationwide house price index has revealed.
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BoE figures show increase in lending
30/11/2009
The number of loans approved for house buying increased slightly between September and October.
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House price surge expected to falter
30/11/2009
The surge in house prices in recent months has only been felt across 37 per cent of the country.
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Land Registry records 0.6% price rise
27/11/2009
House prices rose for the fifth consecutive month in October, by 0.6 per cent, according to the Land Registry.
-
Banks ask for more security
27/11/2009
The amount of extra collateral that housing associations have been asked to put up to provide security for complex financial agreements jumped between July and October 2009.
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Foreign exchange
27/11/2009
As England tries to wrestle public housing finance into shape, Kathleen Scanlon asks what lessons the reformers can learn from around the globe
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Happy families
27/11/2009
It could be a card game - HAs selling homes they don’t want to landlords which do. With satisfied tenants just one result, Lydia Stockdale finds out why stock rationalisation is all the rage.
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PfP wins US investment
27/11/2009
Places for People Homes has concluded a $200 million deal with US-based private investors, secured against the housing association’s property portfolio.
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Spire wraps up £46 million stock transfer
27/11/2009
Spire Homes has successfully completed the transfer of Rutland Council’s housing stock after securing £46 million of funding from Lloyds Banking Group.
-
Mortgage lending rate slows
24/11/2009
The number of mortgages approved for house purchase edged up in October, but has not shown the strong growth of previous months.
-
NI association secures £48m to build homes
23/11/2009
A Northern Ireland housing association has agreed a funding deal for affordable homes worth £48 million.
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Recovery 'threatened' by refusal to extend stamp duty holiday
20/11/2009
The government is putting housing market recovery at risk by refusing to extend the stamp duty holiday, investors have warned.
-
Darling to rule on new council funding scheme
20/11/2009
The government will deliver its verdict on the viability of a tax increment financing system in next month’s pre-Budget report, with many local authorities having already submitted ideas for pilot schemes.
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Durkan seals deal with Brent ALMO
20/11/2009
Community contractor Durkan has won a framework agreement worth £100 million to work with Brent Housing Partnership and bid in tandem for housing development opportunities.
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Future of ALMOs in limbo amid subsidy reform confusion
20/11/2009
Councils are putting decisions about the future of their arm’s-length management organisations on hold because of uncertainty over the housing subsidy system.
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TSA: sector will be buoyant
20/11/2009
There will be more private finance available to housing associations than is needed over the next five years, the social housing regulator has predicted.
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Welsh instigate housing finance review
18/11/2009
The Welsh Assembly Government is looking to change the way social housing is funded and rents are set in the country.
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Barratt strengthened by £720m rights issue
17/11/2009
House builder Barratt has raised £720 million and says it is in a strong position to buy land and open new sites.
-
Surveyors call for stamp duty shake up
17/11/2009
The Royal Institution of Chartered Surveyors has called for a restructure of stamp duty as the holiday on the tax comes to an end.
-
Persimmon reports 50 per cent rise in orders
16/11/2009
Persimmon’s order book for 2010 is 50 per cent ahead of this time last year after the house builder enjoyed a recovery in sales volumes.
-
Pre-Christmas rush sees house prices fall
16/11/2009
Asking prices fell 1.6 per cent between October and November as sellers tried to shift houses before Christmas.
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Associations could float on stock market to raise cash
13/11/2009
A group of lawyers, bankers and chief executives will investigate whether housing associations could float on the stock market to raise funds.
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Lambeth sells 10 homes for £1.68m
13/11/2009
Lambeth Council attempted to sell more of its social housing stock than any other local authority last month, as it claws back an overspend on last year’s annual budget.
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Partner sought for £750m Purfleet project
13/11/2009
Thurrock Thames Gateway Development Corporation is inviting private developers to bid for a £750 million joint venture that would see 3,500 homes built as part of a scheme to improve Purfleet town centre.
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Thames Valley wins development case
13/11/2009
A firm of solicitors has paid £1.35 million to a bank after it failed to carry out part of its conveyancing procedures when a housing association bought land.
-
Two charged in Ujima fraud investigation
13/11/2009
Fraud detectives have charged a housewife and a consultant with money laundering following a 17-month investigation into suspected fraud at Ujima Housing Association.
-
Getting credit flowing
10/11/2009
Does increased lending bode well for the property market? Justin Sumner takes his monthly look at how wider economic forces are coming to bear on housing
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Birmingham would refuse HRA debt
10/11/2009
Birmingham City Council has said it would refuse any additional debt as part of reforms to the housing revenue account.
-
HCA hit with £542m charge as land values fall
10/11/2009
The Homes and Communities Agency incurred a £542 million impairment charge last year as the value of its assets fell by £1.1 billion.
-
Supply rise fails to halt house price surge
10/11/2009
House prices are continuing to rise despite more homes coming onto the market, the professional body for surveyors has said.
-
Regulator finds its work saves £525m
09/11/2009
The Tenant Services Authority has released its accounts and annual report, which claims the regulator’s work makes annual savings of up to £525 million for the sector.
-
Kier may appeal over £17.9m OFT fine
09/11/2009
Repairs and construction group Kier has indicated it is considering appealing against a decision to fine it £17.9 million following an Office of Fair Trading investigation into cover pricing.
-
Galliford Try upbeat after successful rights issue
06/11/2009
House builder Galliford Try has issued a positive trading statement after successfully raising £119 million in a rights issue.
-
£500 million investment fund to launch
06/11/2009
First-time buyers are to be given a boost with the launch of a joint investment fund targeting residential property in London and the south east.
-
CIH: Europe has the right ideas on debt
06/11/2009
The Chartered Institute of Housing has called for the government to adopt European debt rules to enable councils and arm’s-length management organisations to borrow money.
-
Councils’ sales receipts fall 66%
06/11/2009
Local authority capital receipts have plummeted 66 per cent in the past year.
-
New dawn
06/11/2009
A year on from the near meltdown of the financial markets, social housing has survived the credit crunch relatively unscathed compared to other businesses.
-
Rok on course to hit year targets
05/11/2009
Construction and maintenance group Rok has revealed its overall trading and full year results are in line with expectations after securing £700 million so far this year and winning 48 new contracts since January.
-
Builder opens sites as market picks up
04/11/2009
Taylor Wimpey has opened 22 sites since the start of July, as market conditions improved.
-
Private partner sought for £500m regen scheme
04/11/2009
Communities secretary John Denham has launched a proposal to transform the Essex town of Purfleet, in the latest phase of the Thames Gateway regeneration.
-
Council slammed for overvaluing housing stock
03/11/2009
District auditors have refused to sign off Brentwood Council’s accounts after it miscalculated the value of its housing stock by £33 million.
-
House prices rise despite drop in buyer interest
02/11/2009
House prices have continued to rise despite a slow down of interest among buyers, according to a housing intelligence business.
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House prices rise for sixth straight month
30/10/2009
House prices are now 2 per cent higher than a year ago, representing the first year-on-year increase since March 2008, according to the latest survey from Nationwide Building Society.
-
Bored or inspired?
30/10/2009
Inside Housing’s first ever hustings heard from the four main political parties about why their housing policies are the ones to vote for in next year’s general election. Lydia Stockdale asked the audience who gets their support.
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Crucible launches estate agency
30/10/2009
A Yorkshire housing association is thought to be the first to launch an open market estate, letting and managing agency.
-
HRA deal moves closer
30/10/2009
Several groups of local authorities would be willing to take on a share of national housing debt in an overhaul of the council housing finance system.
-
Prepare for component accounting
30/10/2009
A big change in accounting is on the cards for housing associations.
-
Scottish investment bank could boost house building
30/10/2009
The Scottish housing minister has called for the creation of a housing investment bank to help social landlords build more homes.
-
Mortgage approvals hit 18 month high
29/10/2009
Mortgage approvals for house purchases rose to their highest level in 18 months, according to the latest figures from the Bank of England.
-
Kickstart withdrawals leave £500m for round two
29/10/2009
Around £500 million will be available in the second round of the government’s flagship regeneration scheme after first round bidders pulled out.
-
London leads price rise growth
29/10/2009
House prices are continuing to rise, but the strongest growth is restricted to London and the south east.
-
Strong results expected from Mears
28/10/2009
Social housing repairs and maintenance company Mears is beating the downturn, with profits likely to be up as predicted.
-
Buy-to-let landlords face another year of uncertainty
27/10/2009
Private landlords are facing another rocky year of arrears and tough interest rates, a tenant eviction service has predicted.
-
HCA reviews shared owner lease
23/10/2009
The government’s housing agency is reviewing the standard shared ownership lease in a bid to encourage more banks to provide mortgages to shared owners.
-
Teather: write off debt
23/10/2009
Local authority housing debt could be paid off by all taxpayers and not just councils with housing stock, under a Liberal Democrat government.
-
The impact of rent cuts
23/10/2009
How will cuts in rental income affect housing association finances?
-
Think big
23/10/2009
Raising cash to modernise council homes is difficult but there are some pioneering solutions
-
MPs back calls to scrap housing debt
21/10/2009
MPs and council housing activists came together yesterday to call for a massive build programme, and the scrapping of £18 billion of housing debt.
-
October record rise in house prices
19/10/2009
The largest October rise in house prices demanded by sellers for six years has been reported.
-
ALMOs take legal action over decent homes cut
19/10/2009
Arm’s-length management organisations have applied for a judicial review of the government’s raid on their decent homes funding.
-
Count your blessings
16/10/2009
So now we know. The rate of inflation for September is -1.4 per cent and thus rents charged by housing associations in England will fall by 0.9 per cent on average in 2010/11.
-
Focus on the positives
16/10/2009
There’s a tough couple of years ahead but housing is still alive and kicking, argues Sir Bob Kerslake
-
Hanover to spend £144 million on 1,000 retirement homes
16/10/2009
Hanover Housing has announced it is to build a new design of retirement homes, as part of a £144 million development programme.
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Landlords calculate impact of rent cuts
16/10/2009
Housing associations will be forced to reduce tenants’ rents next year by an average of 0.9 per cent.
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Small world
16/10/2009
Other countries’ responses to the housing market crash can inform our own
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The price of freedom
16/10/2009
Councils may want to be self-financing, but not at any cost
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Experts call for reform of 'flawed' housing system
15/10/2009
The way the housing market in the UK operates is ‘dysfunctional’ and fails to meet needs, according to experts.
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Inflation figures set rent fall at 0.9%
14/10/2009
Housing association rents are set to fall 0.9 per cent next year following the publication of inflation figures.
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Social housing boosts Connaught profits
13/10/2009
Repairs and maintenance company Connaught has reported a 35 per cent increase in profit, driven by its social housing work.
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Further house price rises predicted
13/10/2009
A lack of available housing is continuing to drive prices upwards, according to the latest data.
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Double bubble or double dip?
12/10/2009
Justin Sumner, from consultancy GL Hearn, gives his latest assessment of the state of the housing market and wider economy
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Homelessness cash slashed
09/10/2009
Funding for homelessness in Wales will be slashed next year, despite an overall increase in housing funding.
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Servite completes £60m homes sale
09/10/2009
Servite Houses has sold off all its Merseyside properties in the biggest stock rationalisation deal of its kind.
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Top developers’ pre-tax surpluses slump 45 per cent
09/10/2009
The housing market crash prompted plummeting surpluses, and £75.4 million impairments and writedowns on land and property among social housing’s biggest developers.
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Halifax records 1.6 per cent house price rise
06/10/2009
A lack of available housing is continuing to push up prices, according to the Halifax.
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HRA campaigners urge government to write off debt
06/10/2009
More than 30 councils have urged the government to write off housing debt as part of reform of the council housing finance system.
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Tax breaks could pay for 600,000 new homes
05/10/2009
The government could avoid a housing crisis by reintroducing a 1980s system of tax breaks for business landlords, according to a residential property company.
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CLG issues plan to cut £128m from growth areas
05/10/2009
The government has started consulting on how it should claw back £128 million of investment promised to growth areas.
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Institute warns right to buy ban would threaten income
05/10/2009
The Scottish Government’s plans to end the right to buy for new social housing could be too inflexible, the Chartered Institute of Housing Scotland has warned.
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House prices rise to 2008 levels
02/10/2009
House prices have returned to the same level as a year ago, Nationwide has claimed.
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Agency ‘very limited’ by fall in sales income and slashed budgets
02/10/2009
The government’s regeneration agency has admitted its capacity to get involved in regeneration projects has been reduced by a large drop in sales receipts.
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Empty homes cost Scottish councils £17m
01/10/2009
Councils in Scotland expect to lose around £17 million this year because of empty homes.
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Further £180 million for councils to build
29/09/2009
The housing minister has launched the second round of the government’s council housing building programme.
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Brown would plough £62m into family intervention projects
29/09/2009
The prime minister is set to announce extra funding to extend family intervention projects across the UK.
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TSA considers publishing landlords' financial performance
28/09/2009
Housing’s watchdog could publish more financial information about landlords, a senior official has said.
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Healey: housing must fight for investment
28/09/2009
Housing minister John Healey this morning rejected claims that public spending would plummet after 2011, but warned that social housing would have to argue harder for its share.
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Auditors find ALMO 'open to fraud'
28/09/2009
An arm’s-length management organisation has come under fire after accountants found a number of weaknesses left it open to fraud.
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Experts cautious despite price rise
28/09/2009
Housing information agency Hometrack has reported a 0.2 per cent price rise for September, but questioned the strength of the market.
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Could be worse?
25/09/2009
Reasons to be cheerful: part one. It’s AGM season for housing associations; finance directors have finished mopping their fevered brows and board members are heaving collective sighs of relief. ‘Thank goodness,’ they exclaim, ‘we made it through 2008/09.’ Truly it was an annus horribilis, but with just a few million pounds written off here and there to impairment, it could have been a lot worse.
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Kept in the dark
25/09/2009
The past month has seen house builders continuing to air their recession woes in public: a £140 million loss for Redrow; a whopping £682 million six-month loss for Taylor Wimpey; and this week a £680 million annual loss for Barratt.
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Renewal quango records £492m loss
25/09/2009
The financial crisis wreaked havoc on the government’s regeneration quango, forcing it to write down an astonishing £320 million loss of value on its land holdings, Inside Housing can reveal.
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THFC secures £345m European loan deal
24/09/2009
The Housing Finance Corporation has secured a £345 million loan from the European Investment Bank to fund regeneration projects for around 30 housing associations, it announced today.
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Associations told to 'raise game' for extra funding
24/09/2009
Housing associations will have to create jobs and apprenticeships for construction workers as a condition of accessing government cash for affordable homes, the housing minister has said.
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Lib Dems promise to reverse decent homes raid
24/09/2009
Liberal Democrat policy is now to reverse the government’s decision to use decent homes money for new housing, after an emergency motion was carried at its conference.
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Sustained funding cuts will damage supported housing
24/09/2009
Supported housing services cannot sustain further repeated funding cuts, a senior figure at a public spending watchdog has said.
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Barratt seeks funds as it unveils £678.9m loss
23/09/2009
House builder Barratt has announced a £678.9 million pre tax loss for its financial year, which ended on 30 June.
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Lib Dem motion condemns decent homes cut
23/09/2009
The Liberal Democrat party conference is to debate a motion today calling for the government to reverse its decision to use decent homes money to pay for new housing.
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Anchor salaries rise despite £35m loss
21/09/2009
Older people’s housing specialist Anchor Trust made a £35 million loss as the salaries of its top executives soared.
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HCA names key players in private rented scheme
18/09/2009
The Homes and Communities Agency today reported ‘several strong consortia’ have emerged in its search for institutional investors in large-scale developments of private rented housing.
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Scots slash £173m from housing budget
18/09/2009
Housing providers in Scotland have expressed alarm at a £173 million drop in the country’s housing budget for next year.
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Experts ease rent cut fears
18/09/2009
Inflation is unlikely to fall so low that housing associations will be forced to make a widely feared 2 per cent rent cut, latest forecasts suggest.
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Is stock transfer dead?
18/09/2009
Housing revenue account reform will rock stock transfer to its core, but will it deal a lethal blow?
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No vote threatens council’s finances
18/09/2009
A council may have to axe jobs and more than half its budget for housing repairs and building work following a failed stock transfer bid.
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The fight to be heard
18/09/2009
Four politicians, one mission - to win your vote and be the next housing minister. Next month the first Inside Housing hustings brings them together to answer your questions. The countdown to a general election starts here: so what would you ask?
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Brown: spending cuts will not damage services
15/09/2009
The prime minister has told the Trades Union Congress there will be cuts to public spending but not to ‘vital front line services’.
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Repossession fall attributed to court delays
15/09/2009
The number of homes repossessed by lenders dropped between the first and second quarters of this year, but the change could be partly due to court delays.
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RICS price index positive for first time in two years
15/09/2009
House prices are rising despite an increase in new instructions, according to figures from the Royal Institution of Chartered Surveyors.
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Affordable providers strengthened by downturn
14/09/2009
The recession will leave housing associations as a more powerful presence in the home building sector, an influential property consultancy has reported.
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State of the market
14/09/2009
Is the recession ending, or are price rises a ‘false dawn’. Justin Sumner, director - new homes at consultancy GL Hearn, gives his monthly update
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Pressure groups call for CLG budget cuts
14/09/2009
The Communities and Local Government department should be slimmed down in a drive to cut wasteful public spending, according to right-wing pressure groups.
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Economists warn house prices will fall in 2010
14/09/2009
House prices are likely to fall next year, and may not return to 2007 levels until 2014, according to a group of leading economists.
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Government insists guarantee scheme is working
14/09/2009
The government has claimed its efforts to improve the availability of credit for homeowners are working, in response to criticism from MPs.
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Going it alone
11/09/2009
Community land trusts have new-found freedom when applying for grants, says Ian Moran
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Institute warns councils over HRA debt plan
11/09/2009
The government’s controversial plan to redistribute council housing debts could saddle local authorities with more debt than is currently in the system.
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Outrage at pact to divulge tenants’ debt
11/09/2009
Housing associations have struck a deal with mortgage lenders to disclose information about shared ownership residents who have fallen into arrears.
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Troubled times
11/09/2009
The Northern Ireland Housing Executive is that rare beast: a quango that people actually like. This feeling has persisted despite the 35-year-old organisation’s current travails as it finds itself facing a £1 billion funding shortfall and spiralling housing waiting list.
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Lenders cautious as bank keeps rates on hold
10/09/2009
Mortgage lenders have reacted cautiously to the Bank of England’s decision to leave interest rates at 0.5 per cent.
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Associations share £245m build fund
10/09/2009
The housing minister has announced that £245 million from the National Affordable Housing Programme has been allocated to allow 3,400 homes to be built.
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Galliford Try seeks £125m to buy land
10/09/2009
Affordable housing specialist Galliford Try has called the bottom of England’s housing crash, unveiling a £125 million issue of new shares to fund a land buying spree.
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Institute backs plans to reallocate £17bn housing debt
09/09/2009
The Chartered Institute of Housing has backed the government’s plans to reallocate housing debt to local authorities when it dismantles the housing revenue account.
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Councils call for London shared equity scheme
08/09/2009
The umbrella body for local authorities in London is calling on the mayor to develop a shared equity scheme to help first-time buyers.
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Northern Ireland funding model is unsustainable
08/09/2009
The Northern Ireland housing executive must find new funding, potentially including borrowing, after plummeting capital receipts left a £200 million hole in its finances.
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Kier agrees £600m repairs contract
07/09/2009
North Tyneside Council has contracted repairs and construction group Kier to maintain its social housing, in deal that could be worth £600 million over a decade.
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Think tank calls for tenancy overhaul to tackle overcrowding
07/09/2009
Councils should be given the freedom to offer different types of social tenancy to tackle overcrowding, a local government think tank has warned.
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Sovereign raises £175m through bond issue
07/09/2009
Lloyds TSB has completed its first housing association bond deal, raising £175 million for Sovereign Housing Group.
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Battle of the ALMOs
04/09/2009
Arm’s-length management organisations are considering a legal challenge against the government after it delayed £150 million of their funding.
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Damage limitation
04/09/2009
When it announced in July that £150 million of decent homes funding was to be ‘deferred’ until 2011/12, the government effectively pulled the rug from under 11 of the 16 ALMOs in round six of the programme.
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Only as good as his tools
04/09/2009
Two-star status no longer guarantees immediate decent homes funding. So can round six ALMOs keep their refurbishment promises? Isabel Hardman reports.
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Providers ‘squeezed out’
04/09/2009
Specialist supported housing providers are being squeezed out of the market because local authority commissioners are bundling small contracts together in a bid to cut costs.
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Bovis seeks £60m to buy land
03/09/2009
House builder Bovis is looking to raise around £60 million to buy land by placing 12.1 million new shares.
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HCA puts £98.2m towards Yorkshire homes
02/09/2009
The Homes and Communities Agency has allocated £98.2 million to Yorkshire and the Humber, to deliver 1,862 homes.
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Housing market shows further signs of recovery
01/09/2009
The Land Registry has recorded a 1.7 per cent rise in house prices across England and Wales in July.
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Home loans rise despite record repayments
01/09/2009
Mortgage approvals continued to rise in July, although homeowners paid off more than they borrowed for the first time ever recorded.
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Accounts warning for Lambeth Living
28/08/2009
Auditors have pinpointed a series of serious flaws in the draft accounts of the troubled landlord Lambeth Living, which manages 34,000 homes in south London.
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Biting the hand that feeds
28/08/2009
The National Housing Federation has attacked the government over proposed rent cuts it claims will cost housing associations £260 million a year. With the attack following a £1.5 billion cash injection into affordable house building, is it justified? Crispin Dowler reports
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Fears over new pension plan
28/08/2009
Housing associations face a severe blow to their finances because of proposals to under-fund the local government pension scheme in a bid to prevent sharp council tax hikes.
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Fight the good fight
28/08/2009
5.30pm, 23 September, Birmingham International Conference Centre – book your seats now to get the best view as sparks could well fly. This will be when housing minister John Healey addresses the annual conference of the National Housing Federation and he is unlikely to be happy.
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Shared ownership sales slump
28/08/2009
Housing associations have seen an alarming increase in the number of clients withdrawing from purchases since the end of the last 90 per cent shared ownership mortgage last month.
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NI executive misses decent homes goal
27/08/2009
The Northern Ireland Housing Executive has missed its decent homes targets for maintenance and improvement works following a funding shortfall.
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Right to buy sales slump by 74 per cent
27/08/2009
Social landlords in England saw their right to buy sales receipts slashed by 75 per cent as sales plummeted to just 3,860 last year.
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Councils must return grant if they sell homes
27/08/2009
Councils will have to return social housing grant to the Homes and Communities Agency if they sell new homes under the right to buy.
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Tenants say rents have become a 'political football'
27/08/2009
The umbrella group representing tenants and residents organisations in England has said government action to cut rents for council tenants has ‘divided the regulated housing sector’.
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House prices surge ahead in August
27/08/2009
House prices across the UK rose by 1.6 per cent in August, sustaining the trend seen over the last four months, according to Nationwide.
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Persimmon upbeat despite fall in profits
25/08/2009
House builder Persimmon has said market conditions are improving, despite releasing a set of half year results that are down on 2008.
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Further write downs hit Bovis results
24/08/2009
Bovis Homes has reported an £8.6 million loss for the first six months of 2009, after writing down the value of its land by £8.9 million.
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Olympic Village builder reports 29 per cent fall in profits
24/08/2009
The developer behind the Olympic athletes village saw its profits slump by almost a third in 12 months, it said in a statement last week.
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Moody's gives strong rating to Sovereign bond
24/08/2009
Sovereign Housing Group’s good financial position ensured it secured a high-grade rating for its proposed £150 million bond sale.
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£18bn write-off ‘unrealistic’
21/08/2009
Barking & Dagenham Council has broken ranks with the Local Government Association and called for it to drop its hardline demands for housing reform.
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ALMOs’ efforts ‘wasted’ by U-turn
21/08/2009
Councils with arm’s-length management organisations face making cutbacks next year after agreeing to a government request to spend millions of pounds of repairs funds in advance.
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Benefits plug support gap
21/08/2009
Cash-strapped supported housing providers are plotting to charge large chunks of their running costs to the housing benefit system.
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Funding cut stalls ‘thousands’ of homes
21/08/2009
A group of councils have handed the housing minister a detailed breakdown of housing and regeneration projects they claim will stall after the government redirected funding.
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Worth every penny
21/08/2009
Tough economic times can make it harder for tenants to pay their rent - but last year Barnet Homes managed to collect 98.5 per cent of it. Sam Thorp finds out what the landlord is doing right
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Mears wins £9m Olympics contract
19/08/2009
Social housing repairs and maintenance company Mears has won a £9 million contract to fit mechanical and electrical infrastructure to the Olympic Village.
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Rok reports 47 per cent drop in profits
18/08/2009
Pre-tax profit at maintenance and house building company Rok fell 47 per cent in the first half of 2009, compared with the same period of 2008.
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Fed launches attack on government rent cut plans
18/08/2009
The National Housing Federation has accused the government of undermining plans to build social housing by imposing a 2 per cent cut on housing association rents.
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August sees largest price drop of 2009
17/08/2009
Asking prices for UK homes fell 2.2 per cent in August, according to property website Rightmove.
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Community trusts want more support from lenders
17/08/2009
Stakeholders have urged the government to set up model agreements for community land trusts to improve lenders’ understanding of the groups.
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Government to fast track mortgage rescue
14/08/2009
The government is hoping to accelerate the take up of its mortgage rescue scheme by setting up a ‘fast track team’ to slash processing times.
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52% of landlords are vulnerable to deterioration
14/08/2009
That’s the worrying finding from 77 regulatory reports by the Tenant Services Authority so far. In the first detailed analysis of those reports, Keith Cooper investigates what the watchdog’s findings mean for housing associations
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Agency’s spending hits dizzy heights
14/08/2009
The government’s regeneration agency has signalled an end to large cash handouts for financially stricken housing associations, as part of a renewed bid to cut costs.
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Downturn costs landlords £174m
14/08/2009
The amount housing associations have told the social housing regulator they are set to write down in their 2009 accounts has jumped by 40 per cent in three months.
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First-time buyers miss out
14/08/2009
Three quarters of London’s first-time buyers mistakenly believe they earn too much to qualify for low-cost homeownership.
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Housing 21 bids for public company
14/08/2009
Housing 21 has made a £20 million offer for Claimar Care, in what could be the first successful housing association takeover of a public company.
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Sheffield’s support deals hang in the balance
14/08/2009
One of England’s largest supported housing commissioners is to renegotiate terms or decommission all 220 of its supported housing contracts.
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The art of persuasion
14/08/2009
His unyielding optimism saw him fight against the odds for Middlesbrough’s market renewal cash and, as Jim Johnsone tells Martin Hilditch, he will fight again to keep regeneration on course.
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Ujima fraud suspect skips bail
14/08/2009
Fraud investigators are hunting for a man arrested on suspicion of money laundering and conspiracy to defraud Ujima Housing Association after he skipped bail.
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GHA looks to consultants for future
13/08/2009
The UK’s biggest social landlord will pay consultants £1,250 a day to help work out a plan for its future, it has been revealed.
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Councils in for recession shock
12/08/2009
Councils are not prepared for the next wave of problems caused by the recession, according to an Audit Commission report.
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Housing associations still raising billions
12/08/2009
Housing associations arranged £7.1 billion of new finance in the last year despite the recession, according to new Tenant Services Authority figures.
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Charity asks for interest rate cap
11/08/2009
A charity, made up of faith organisations, unions and voluntary bodies, will meet Royal Bank of Scotland tomorrow to call for a low-interest credit card.
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RICS expects rising house prices
11/08/2009
Surveyors have reported further early signs of a housing market recovery in their July snapshot survey.
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Bid to replace axed open market schemes
07/08/2009
Councils have entered talks with housing associations in a bid to fund replacements for the £182 million open market homebuy scheme axed by the government last month.
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Cut rents, says Lord Falconer
07/08/2009
The Labour government should pay housing associations a one-off subsidy to give recession-hit tenants a temporary rent cut, a senior party figure has urged.
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Donation fall hits Livability
07/08/2009
An historic charity which helped keep Livability Housing afloat has been forced to drop its guarantee of financial support after being hit by a slump in donations.
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Mayor: ‘ALMOs will get £150m’
07/08/2009
London mayor Boris Johnson has vowed to reinstate the money ‘raided’ from London’s decent homes budget to pay for Gordon Brown’s £1.5 billion housing pledge.
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Mind the gap
07/08/2009
Housing associations receiving £600 million government cash to repair their dilapidated ex-council stock face seeing those funds cut or rescheduled, Inside Housing has learned
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The lure of bricks and mortar boards
07/08/2009
Over the past decade big private sector players have muscled in on the student accommodation market, which was once housing associations’ territory. But with the UK’s student population growing fast, there are still opportunities for the social sector. Keith Cooper reports
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The target man
07/08/2009
Establishment figures may have been hoping the nation’s supply guru would sit quietly in his ivory tower at Oxford. But Steve Nickell isn’t that sort of academic, as Caroline Thorpe finds out.
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House prices creep up
06/08/2009
There was a 1.1 per cent increase in the price of the average house in the UK last month, according to data from the Halifax.
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Notting Hill soars in size
05/08/2009
Recent mergers have seen Notting Hill Housing Trust grow by 72 per cent.
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Figures show housing suffering the most
05/08/2009
New figures from the Chartered Institute of Purchase and Supply reveal that housing construction continues to shrink.
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Gentoo in successful bid for kickstart cash
05/08/2009
Gentoo Group has set out plans to build new homes with £40 million of kickstart money from the government fund.
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NHF figures predict house price rise
03/08/2009
House prices are to rise 20 per cent by 2014, according to research from the National Housing Federation.
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A clean slate
31/07/2009
HRA debt cancellation would boost house building and the wider economy
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Affinity writes down £13m
31/07/2009
Mega-association Affinity Sutton has written down losses of £13 million in its 2008/09 accounts - the biggest-ever write-down by a housing association.
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Funding win for East Durham
31/07/2009
East Durham Homes has secured decent homes funding to refurbish 7,700 homes by the skin of its teeth after convincing the government to accept its draft Audit Commission rating.
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No place like home
31/07/2009
Politicians are missing the chance to rethink the housing system because their eyes are on the next election, says Jon Cruddas
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Plan mooted to include cost of future repairs in right to buy valuations
31/07/2009
The government is considering plans to let councils add the cost of future repairs to the price of homes sold under the right to buy.
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Reform equation ignores £6bn backlog
31/07/2009
The government’s proposed reform of council housing finance rests on a controversial calculation of repairs costs, which excludes a £6 billion backlog of major works.
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Rent hike could prompt Bank to raise interest rates
31/07/2009
Finance review predicts plan for market-level rents would cause inflation and hurt the economy
-
Stick to the rules
31/07/2009
Just as Aviva was outlining plans for a £1 billion private rental sector fund to boost housing supply, figures have come to light showing how far the reputation of private sector landlords still has to rise.
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Nationwide records further house price rise
30/07/2009
House prices have risen for the third month in a row, according to new figures released by Nationwide.
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State of the market
29/07/2009
Dark clouds or green shoots? Justin Sumner, director of new homes at property consultants GL Hearn, gives an update on the housing market.
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Aviva to launch private rented sector fund
28/07/2009
A consortium seeking to raise up to £1 billion to invest in private rented housing is in discussions with a number of potential housing association partners.
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Welsh tenants back stock transfer
27/07/2009
Tenants in Blaenau Gwent have voted in favour of transferring their homes to housing group Tai Calon.
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Healey shortlists 270 schemes for £925m investment
27/07/2009
The government has shortlisted 270 projects across England which have applied for £925 million from its kickstart fund.
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London body warns cuts will hit 80,000 homes
27/07/2009
The umbrella body for councils in London is requesting an urgent meeting with the housing minister to voice its concerns about cuts to the decent homes budget.
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Lack of homes creates north south divide
27/07/2009
A lack of homes for sale in southern England is boosting prices but creating a north-south divide as values continue to fall elsewhere, the latest figures from Hometrack show.
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A sense of deja vu
24/07/2009
Only six months ago, the fallout from the financial crisis was considered so severe that many believed it would end reckless borrowing and an unhealthy infatuation with rising property prices.
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Derwent nets £40m RBS loan
24/07/2009
Housing association Derwent Living has secured an additional £40 million loan facility from the Royal Bank of Scotland to fund the development of around 750 affordable homes.
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Fury at PM’s raid on decent homes cash
24/07/2009
Councils have lashed out after the government withdrew funding to make their tenants’ homes decent in order to finance Gordon Brown’s £1.5 billion new homes pledge.
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I.O.U. £18 billion
24/07/2009
Few will be sorry to see council housing finance overhauled under new government plans. But there’s the small matter of reallocating £18 billion of debt along the way. David Hall looks at how redistribution might work
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Landlords can dodge rent cuts if financial viability is at stake
24/07/2009
Housing associations will be able to avoid 2 per cent rent cuts expected next year, but only if the income loss would threaten their viability.
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Mixed fortunes
24/07/2009
Depending on who you are, it has been a week of the good, the bad and the ugly. There’s been something for everyone to get excited - or exercised - about in the barrage of housing announcements rolling out of Whitehall.
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Shake-up touches all bases
24/07/2009
The housing world tallied its wins and losses this week after the government unveiled plans that will affect almost every major programme.
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Wales asks Europe for £75m homes loan
24/07/2009
Community Housing Cymru will ask the European Parliament for financial help to make sure housing associations can help the Welsh government reach its goal of building 6,500 affordable homes by 2011.
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Where did it all go wrong for Novas?
24/07/2009
Last week the Tenant Services Authority ended its statutory inquiry into Novas Scarman Group. Clara Story looks back at the ‘collective failure’ that left the group in a deep financial hole
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Work in progress
24/07/2009
Local housing companies were on the scene long before the current vogue for local authority-led building. As developers prepare to break ground on the first scheme, Simon Brandon assesses whether LHCs are shaping the mould for the next generation of council house builders.
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Mortgage lending up as market strengthens
23/07/2009
Mortgage lending continued to rise in June as lenders agreed new home loans, according to British Bankers’ Association figures.
-
Housing problems 'overlooked' in rich areas
23/07/2009
Pockets of serious housing need in Cheshire are being overlooked because of its ‘rich and affluent’ image, an alliance of housing providers has warned.
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MPs to investigate future of decent homes work
22/07/2009
The group of MPs that scrutinises the work of the Communities and Local Government department is to carry out an inquiry into decent housing standards beyond 2010.
-
Tenants and councils concerned by HRA plans
22/07/2009
Local authorities and tenants have expressed concern about the government’s proposed reform of the council housing finance system.
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Government refuses to write off housing debt
22/07/2009
The government has ruled out writing off housing debt, instead putting forward two options for overcoming the £18 billion hurdle standing in the way of finance reform.
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Denham promises to shift power to the people
22/07/2009
Communities secretary John Denham has promised to give local people more power over key decisions on subjects including council housing finance.
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Proposals set out to reform council housing finance
21/07/2009
Housing minister John Healey has said he wants to move ‘as rapidly as possible’ to reform the way council housing is financed.
-
Minister to unveil plans for £17bn housing debt
21/07/2009
Housing minister John Healey is set to unveil the detail of his roadmap for dismantling the council housing finance system later this morning.
-
Sales drop hits Derby association’s profits
21/07/2009
Derby-based housing association Derwent Living has unveiled a 96 per cent fall in pre-tax surplus in its annual accounts.
-
CLG rapped for finance skills gap
20/07/2009
The Communities and Local Government department does not have enough finance professionals to manage a budget of its size, the National Audit Office has found.
-
HCA revises planning guidance to cope with downturn
20/07/2009
The Homes and Communities Agency has produced guidance for getting more affordable housing from the planning system during the economic downturn.
-
Pathfinders secure £35m 'bonus' payment
17/07/2009
The housing market renewal pathfinders have received a major vote of confidence after being handed a 10 per cent across-the-board funding increase.
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Associations will be forced to reduce rents
17/07/2009
Housing associations will be forced to cut their rents by 2 per cent next year, under draft directions published by the housing minister today.
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Decent homes cut to pay for £1.5bn building pledge
17/07/2009
The government’s £1.5 billion investment in building affordable housing will be paid for through cuts to existing schemes, including decent homes.
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Ten councils will share £1.7bn private finance pot
17/07/2009
Ten councils will share £1.7 billion of private finance initiative credits after the government rejected a further 14 bids.
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Agency’s £2.8 billion grant intervention cushions the blow
17/07/2009
Billions of pounds of extra grants allocated in the last quarter of 2008 have deflected the threat of crippling write-downs for many housing associations, auditors report.
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Associations can end renting stigma
17/07/2009
Could a quality-style ‘Kitemark’ for intermediate rent quash the perception of renters as second-class citizens?
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Councils get fast track to freedom
17/07/2009
Town halls have been told they could escape the reviled council housing finance system ahead of a change in law, if they agree a settlement among themselves.
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Healey plays a cunning game
17/07/2009
John Healey played a deft hand in his first appearance as housing minister in front of MPs on the Communities and Local Government committee this week.
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L&Q books reveal £8.1m impairments and write-downs
17/07/2009
The housing crash slashed London & Quadrant Group’s property sales surpluses in half last year, and forced it to make £8.1 million impairment charges and write-downs.
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Lenders must try harder
17/07/2009
A shortage of credit is threatening to derail regeneration projects, writes Sir Bob Kerslake
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London can’t afford mayor’s 50,000-home pledge
17/07/2009
London does not have enough money left to meet mayor Boris Johnson’s election pledge of 50,000 new affordable homes by 2011.
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Out of the shadows
17/07/2009
Caroline Spelman could be less than a year away from a cabinet seat. Simon Brandon finds out what the shadow communities secretary is thinking.
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Plenty to go around
17/07/2009
A radical new approach will give everyone the chance to access to a decent, affordable home, explains prime minister Gordon Brown
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Regulator says Moray not ready for funds
17/07/2009
The Scottish Housing Regulator has said a housing association must do more to prove it is a ‘credible investment partner’, despite removing statutory appointments from its board.
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Unhappy returns
17/07/2009
As shared ownership turns 30, reluctant lenders are putting its success at risk
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Watchdog rules out further action against Novas
15/07/2009
The Tenant Services Authority has found there was a ‘collective failure of management’ at troubled housing association Novas Scarman, which drove it into a financial crisis.
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Mears secures £200m Brighton contract
14/07/2009
Repairs and maintenance group Mears has won a £200 million contract for Brighton and Hove’s housing, in a deal which will also create a training academy.
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Westminster sets up company to build 500 homes
14/07/2009
Westminster Council has set up a development company to help it build more than 500 new council homes over the next four years.
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Mortgage guarantees fail to drive lending
14/07/2009
An influential committee of MPs has called for the government to do more to help sub-prime mortgage lenders access private funding.
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Buyer enquiries fuel housing market optimism
14/07/2009
Optimism on house prices is returning to the sector after more buyer enquiries, the latest figures from the Royal Institution of Chartered Surveyors suggest.
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HCA outlines £1.1bn spend for Yorkshire and Humber
13/07/2009
The Homes and Community Agency has set out plans a £1.1 billion investment in the Yorkshire and Humber region.
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Councils bid to use future taxes to fund development
10/07/2009
Several local authorities have expressed an interest in a pilot scheme that would allow them to finance development by borrowing against future tax revenues.
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Affordable housing target cut despite £1.5bn investment
10/07/2009
The government has dropped its affordable house building targets from a previous pledge of 70,000 a year to about 55,000 a year in the next two years, despite the £1.5 billion boost to building programmes.
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£191 million bond issue is largest ever for THFC
10/07/2009
The Housing Finance Corporation has raised £191 million with the biggest single housing association bond issue in its 22-year history.
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Can lenders withold consent?
10/07/2009
In the current market, housing associations are fully aware of the need to avoid seeking consents or waivers from their lenders.
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Cast off your shackles
10/07/2009
Freedom from the housing revenue account is tantalisingly close - but let’s wait for the fine details
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Landlords lose rent cuts battle
10/07/2009
Housing associations face rent cuts of 2 per cent next year after closed-door negotiations failed to persuade the government to keep rents flat.
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Landlords’ credit ratings upgraded
10/07/2009
Standard & Poor’s has upgraded its credit ratings for two prominent housing associations, as part of a major review in response to the financial crisis.
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Man versus machine
10/07/2009
John Healey has pledged to dismantle the intricate system of council housing finance. But the twin obstacles of debt redistribution and timing could throw a spanner in the works. Clara Story reports.
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Now for the good news
10/07/2009
The Finance Bill takes affect later this month - what will it mean for social landlords? Neil Cohen reports
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Subsidy changes to end stock transfer
10/07/2009
Stock transfer will become almost a thing of the past following major reforms to council housing finance, according to financial experts.
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Banks relax demands on borrowers
09/07/2009
Mortgage lenders have stopped tightening criteria for borrowers, according to figures from the umbrella body for the sector.
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Quick guide: housing debt
09/07/2009
Sorting out the £17 billion of housing debt carried by local authorities has been a major headache in the reform of the Housing Revenue Account. Clara Story explains why
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Brown explains 'radical' reforms to CIH members
08/07/2009
Gordon Brown has written to members of the Chartered Institute of Housing to explain his decision to inject £1.5 billion into the sector.
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Supporting People saves £3.4bn a year
08/07/2009
The £1.6 billion invested in Supporting People every year results in £3.41 billion of savings to other services, consultants have found.
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Shelter promotes house building alternatives
07/07/2009
Charity Shelter has published a report promoting different ways to increase the development of affordable housing.
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Persimmon positive as sales pick up
07/07/2009
House sales during the first half of 2009 are tracking ahead of those recorded the previous year, according to Persimmon.
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Government to miss building goals despite £1.5bn boost
06/07/2009
The £1.5 billion house building boost announced by the government last week will not allow it to meet its development goals, according to analysts.
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Construction drop leaves sector on a 'knife edge'
06/07/2009
The UK construction industry continued to contract in June, according to the latest survey data from the Chartered Institute of Purchasing and Supply.
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Give them a big hand
03/07/2009
It is a long time since a Labour minister received a spontaneous round of applause. But that is what happened to John Healey at the Local Government Association conference in Harrogate on Tuesday evening, when the housing minister announced his plan to ‘dismantle’ the reviled housing revenue account.
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Government ‘complacent’ about investment trusts
03/07/2009
Lords have attacked the government for failing to promote investment vehicles that landlords say could attract £5 billion to the housing sector.
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Lady in waiting
03/07/2009
As yet another minister settles in, can the opposition steal a march on housing policy? Emily Rogers asks Liberal Democrat Sarah Teather whether she’s ready for action.
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Perfect partners
03/07/2009
Securing credit from councils - not banks - can reap quick results
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Reviled council cash system bites the dust
03/07/2009
Finance experts have welcomed plans unveiled by housing minister John Healey for dismantling the deeply unpopular national system of council housing finance.
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Swaps are a risk
03/07/2009
Simplistic inflation swaps could mean associations lose out in the long term
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Tighter FSA rules could restrict loans
03/07/2009
Experts fear housing associations could face higher loan interest payments and reduced access to long-term funds as a result of tougher banking sector regulation.
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Uncertainty over source of £1.5bn housing fund
03/07/2009
There is uncertainty over where the £1.5 billion for affordable housing announced by Gordon Brown this week is coming from.
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What Canada has to teach us
03/07/2009
A different style of mortgage planning that could help to keep credit sensibly moving in the housing market
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Sovereign and Wessex join but avoid usual merger charges
02/07/2009
Sovereign Housing Group this week joined with Wessex Housing Partnership to form a new 30,000-home housing association.
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Housing finance reforms were nearly scrapped
02/07/2009
Efforts to reform the housing finance system came close to being shelved, it has emerged.
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Individual budgets threaten warden services
01/07/2009
Council officials have warned MPs that sheltered housing services such as wardens could struggle to function if residents receive individual budgets.
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Councils to be put in charge of housing finance
01/07/2009
Control over the financing of council housing is to be devolved from central government to local authorities, under plans being developed by the government.
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Land for equity deal part of £1.5bn fund
30/06/2009
Public land is to be offered to builders in return for an equity stake in developments, as part of plans to spend the extra £1.5 billion for housing announced yesterday.
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Healey to 'dismantle' housing finance system
30/06/2009
Housing minister John Healey has said he will ‘dismantle’ the current council housing finance system, and replace it with a new scheme for councils.
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Brown finds £2.1bn to build social housing
29/06/2009
Gordon Brown has pledged to put £2.1 billion into housing to ensure 20,000 affordable homes are built in the next two years.
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L&Q to appeal over public bodies ruling
29/06/2009
Mega-landlord London & Quadrant Group is to appeal to the House of Lords against a landmark ruling that housing associations are public bodies.
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Brown to unveil social housing plan
29/06/2009
The government is shifting money from Home Office and transport budgets to pay for more affordable housing.
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Association to offer mortgages on its own homes
26/06/2009
Housing association Places for People is offering its own mortgage range on a development of 300 homes, including a buy-back guarantee to protect buyers against negative equity.
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Drop in sales hits councils
26/06/2009
Local authorities in England lost 73 per cent of their income from housing sales in 2008/09 compared with the previous year.
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Landlords fear ‘aggressive’ stance
26/06/2009
A question mark hangs over a major source of affordable loan finance for Scottish housing associations, following the sale of collapsed building society Dunfermline’s social housing business to Nationwide.
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Number 10 invites experts
26/06/2009
Prime minister Gordon Brown has invited housing representatives to a meeting at 10 Downing Street on Monday evening to discuss his party’s plans for the sector.
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Shared risk
26/06/2009
Why do landlords prefer the complicated, high risk shared ownership model?
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Under cover
26/06/2009
There are strategies out there to shelter landlords from the financial storm, writes Andrew Shaw
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We can be heroes
26/06/2009
Passion, commitment and bundles of talent - the housing sector has it all. And Inside Housing’s inaugural Housing Heroes awards are here to celebrate it. By Emily Twinch
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Work should always pay
26/06/2009
Reforms to the complicated housing benefit system must focus on helping, not hindering, people into employment
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Lords criticise residential REIT 'failure'
25/06/2009
Peers have said the government must do much more to help the creation of residential real estate investment trusts.
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Triathlon secures £95m EU loan for Olympic Village
24/06/2009
The joint venture company that is buying homes from the 2012 Olympic Village to use as affordable housing has secured a £95.2 million European loan.
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Developer launches attack on housing policy
24/06/2009
The chair of house builder Countryside Properties has questioned the ability of either the current government or the Conservatives to deliver sufficient housing.
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Third of prime borrowers face negative equity
24/06/2009
More than a third of prime mortgages are likely to go into negative equity before a sustained rise in house prices begins, ratings agency Fitch has warned.
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House purchase mortgages reach £4bn
23/06/2009
Mortgage lending for house buying has risen from £3.6 billion in April to £4 billion in May, according to British Banking Association figures.
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Half of Olympic Village homes will be affordable
22/06/2009
Nearly half of the homes that will be created from the Athletes’ Village after the 2012 Olympic Games will be affordable housing.
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Taylor Wimpey cautious despite stability
22/06/2009
House builder Taylor Wimpey has reported that the UK housing market has remained stable since its full year results were issued on 30 April.
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International delegates give views on recession
19/06/2009
International visitors to Harrogate this week explained how their governments have been channelling money into housing in response to the economic downturn.
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Clawing back VAT
19/06/2009
High Court ruling confirms way for landlords to recover VAT, write Peter Stockdale and Amanda Atkinson
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Healey: freedoms for councils within a month
19/06/2009
New housing minister tells CIH conference that one of his first acts will be to hand local authorities greater financial leeway
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In at the deep end
19/06/2009
Welcome to the deep end, Mr Healey. What will your priority be?
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Mutual benefits
19/06/2009
Amid economic gloom, the mutual housing model could shine
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Notting Hill takes over Presentation
19/06/2009
Notting Hill Housing Association has consolidated a major move into black and minority ethnic housing by completing its takeover of troubled housing association Presentation.
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Olympics accountant to join HCA
19/06/2009
An executive who took responsibility for the Olympic Village at developer Lend Lease has been appointed head of private finance at the Homes and Communities Agency.
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Pathfinders prepare bids
19/06/2009
Ten organisations set up to tackle low housing demand in the midlands and north of England will submit bids to gain £35 million of funding within the next fortnight.
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Stuck in the mud
19/06/2009
Despite what you might think, the recession isn’t always to blame for stalled regeneration schemes. Neil Merrick asks what lessons we can learn from the projects struggling before the downturn - starting with a notorious example.
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The show must go on
19/06/2009
The Homes and Communities Agency has made much of its role targeting funds and advice at struggling developments, such as Sheffield’s Park Hill estate. Has it made a difference? Simon Brandon examines three projects to find out
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The talking’s over, now time for action
19/06/2009
Although this was the week of the Chartered Institute of Housing’s annual conference, the three-letter acronym on everyone’s lips wasn’t ‘CIH’.
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Too good to be true?
19/06/2009
It’s the perfect solution to the housing shortage - institutional investors plough money into the private rental sector, kick-starting building, generating demand and giving tenants more choice. But there are some obstacles in the way, writes Philippa Ward
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Top 50 developers 2009
19/06/2009
Inside Housing’s exclusive annual survey of the top 50 developing housing associations shows supply pipelines are holding up - but for how much longer? Chris Bazlinton reports
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Whitehall restrains HCA
19/06/2009
Government reluctance is preventing the Homes and Communities Agency from taking equity stakes in affordable housing developments, a senior director at the quango has claimed.
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Expert panel to seek private investment
18/06/2009
The Homes and Communities Agency has announced a panel of experts that will search for new sources of private investment.
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Mortgage lending down in May
18/06/2009
Gross mortgage lending fell 2 per cent between April and May, and is now down 58 per cent on last year, according to the Council of Mortgage Lenders.
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Personal budgets 'a risk' for providers
18/06/2009
Plans to pour support cash into personal budgets for individual tenants will leave housing providers facing ‘substantial business risks’, housing support consultancy Sitra warned this week.
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Nationwide bags Dunfermline housing finance business
17/06/2009
The Bank of England has sold defunct Scottish building society Dunfermline’s £670 million housing association finance business to Nationwide.
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Tories would force HCA to prove its worth
17/06/2009
The Homes and Communities Agency has been warned it would be scrapped under a Conservative Government it if could not prove its worth.
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HCA and Norwich agree 1,300 home deal
17/06/2009
The Homes and Communities Agency has set up a partnership with Norwich City Council to jointly develop around 1,300 homes in the city.
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Funding change threatens two thirds of SP contracts
16/06/2009
Two thirds of Supporting People contracts are at risk because funding protection for the programme has been axed, delegates at the Chartered Institute of Housing conference were warned this week.
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Funding overhaul would deliver 300,000 homes
16/06/2009
The Local Government Association has said councils could build 309,000 homes in 10 years if they were given freedom from the existing housing finance system.
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Scots commit £31m to house building
15/06/2009
£31 million extra is being made available for new housing in Scotland, as part of the Scottish Government’s economic recovery plans.
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Loan deal used to buy affordable homes
12/06/2009
A landmark loan deal between a Scottish housing association and a local authority is to result in a village getting affordable rented homes for the first time in nearly 60 years.
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Builders scramble for kick-start cash
12/06/2009
Individual developers and housing associations have bid for large chunks of a £400 million government fund to kick-start stalled housing schemes.
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Capita ordered to sell benefits business
12/06/2009
Outsourcing giant Capita has been ordered to sell off part of IBS Open-Systems, a former competitor in markets for social housing and benefits software.
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L&Q Group plans £250m bond issue
12/06/2009
Mega housing association L&Q Group is planning to issue £250 million of bonds within the next six months.
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Let's not waste the next 10 years
12/06/2009
The squeeze on public finances means we need to rethink the case for mixed-use regeneration, writes Sir Bob Kerslake
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No contest
12/06/2009
Housing finance reform may not be all that sexy, but as a way of giving councils more power to improve tenants’ lives, it’s a clear winner
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Shelter backs up pathfinders
12/06/2009
Housing market renewal pathfinders must be given guarantees that their funding will not fall after the next spending review, homelessness charity Shelter has demanded.
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TSA to tell Novas to hand over its land
12/06/2009
The Tenant Services Authority is planning to direct the troubled Novas Scarman Group to transfer its land to another housing group.
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Council warns of cuts after residents block transfer
10/06/2009
A council has warned it will have to make ‘significant cuts’ to its housing services, after tenants overwhelming rejected a proposal to transfer their homes to a housing association.
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First swap exchange 'saves associations £2.5m'
09/06/2009
A controversial new exchange which allows housing associations to trade credit derivatives with each other has hosted its first inflation-linked swap.
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TSA unveils plans for social landlord regulation
09/06/2009
The government’s recently formed social housing regulator, the Tenant Services Authority, has set out how it intends to operate.
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Birmingham sets out house building goals
09/06/2009
Birmingham council has announced plans to build more than 131 homes in the next twelve months.
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£400m regeneration fund to be 'hugely oversubscribed'
08/06/2009
Property consultants preparing bids for the government’s £400 million fund to kick start stalled housing developments are predicting it will be massively oversubscribed.
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£50bn guarantee ‘doomed to failure’
05/06/2009
The government’s £50 billion guarantee scheme for mortgage-backed securities will do nothing to support increased mortgage lending, MPs were warned this week.
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Follow the golden brick road
05/06/2009
‘Golden brick’ schemes allow landlords to avoid tax on new units without penalising developers
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Growing pains
05/06/2009
Any sign of a green shoot? Or is house building still trapped in the recession’s grip? Over the next few months Inside Housing will track the progress of four housing developments across the UK in a bid to find out
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Half of associations hit by funding woes
05/06/2009
Forty-six per cent of housing associations have experienced problems renewing their loan facilities or securing funding for new schemes, auditors have warned.
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HCA fund pulls global interest
05/06/2009
The Homes and Communities Agency’s bid to attract institutional finance into private rented housing has attracted ‘very strong’ interest from domestic and overseas investors, it revealed this week.
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Landlord handed access to cheap council cash
05/06/2009
A Scottish housing association is believed to be the first in the UK to gain access to cash borrowed by a council at low rates from the Treasury.
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Novas executives made redundant
05/06/2009
The chief executive and a director of Novas Scarman have taken voluntary redundancy before the conclusion of an inquiry into the housing association’s financial management.
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Rent to buy deal queried
05/06/2009
The discount offered on schemes that allow prospective homeowners to rent before buying may not be enough for them to save an adequate deposit.
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Repairs firm Mears reports strong demand for services
03/06/2009
Social housing repairs and maintenance company Mears has said it continues to perform strongly, ahead of its annual general meeting today.
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Mortgage data fuels recovery hopes
02/06/2009
The latest Bank of England mortgage lending figures have fuelled hopes of a housing market recovery.
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Rochdale ALMO joins development club
02/06/2009
Rochdale’s arm’s-length management organisation is planning to develop its first 22 homes after securing a £1.2 million affordable housing grant.
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Funding deal to finance 500 north east homes
01/06/2009
North east housing association NomadE5 is planning to build 500 new affordable homes after securing a £25 million loan from the Abbey bank.
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Ethical bank to grow loan book to £100m by 2010
29/05/2009
Ethical bank Triodos has quadrupled its social housing lending in under a year, in a campaign to snatch ground from mainstream lenders hobbled by the credit crunch.
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It’s time to wield our political clout
29/05/2009
At the time of writing The Daily Telegraph has devoted the past 20 days to revelations about MPs’ expenses. It’s easy to see why.
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Looming large
29/05/2009
The expenses furore in Westminster has overshadowed the upcoming elections, with the far right set to profit. Emily Twinch finds there are some key housing issues that are being left in the shade.
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Private prize
29/05/2009
Can the HCA succeed with the private rented sector where others have failed?
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South scoops lion’s share of HCA grant
29/05/2009
London and the south east scooped up two-thirds of the £2.8 billion in grant allocated by the Homes and Communities Agency in its first four months.
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THFC plans bond issue of up to £200m
29/05/2009
The Housing Finance Corporation is preparing to issue between £150 million and £200 million of bond finance within the next two months.
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HCA fund attracts institutional investors
28/05/2009
At least five major institutional investors are expected to submit expressions of interest in the Homes and Communities Agency’s plan to set up a private rented housing fund.
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Mortgage lending hits eight-year low
27/05/2009
Net mortgage lending reached an eight-year low in April, according to figures from the British Bankers’ Association.
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Property sector calls for regeneration shake up
27/05/2009
The British Property Federation has issued a manifesto calling for a range of financial and legislative changes to kick start regeneration.
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Banking 'prejudice' leaves low-cost homes standing empty
22/05/2009
Banks are snubbing more than £1 billion of shared ownership mortgage business because of misguided ‘prejudice’, the National Housing Federation has claimed.
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Access granted
22/05/2009
What happens when private developers turn to grant to build affordable housing?
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How the HCA spent £2.8bn in four months
22/05/2009
The Homes and Communities Agency dished out £2.8 billion of grant in its first four months, in a bid to revive social home building.
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HRA reforms crucial or councils could lose control
22/05/2009
Most of England’s social homes could be controlled by housing associations within ‘a few years’ if the system for funding council housing is not urgently changed.
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Tax change frees landlords to sell
22/05/2009
The charities regulator has changed its rules to allow credit-crunched housing associations to offload unsold shared ownership homes on the open market tax-free.
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CIH suffers £1.4m hit due to stock market turmoil
21/05/2009
The difficult economic climate made the Chartered Institute of Housing £1.4 million worse off in December last year than in 2007, the organisation’s annual report reveals.
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Landlord reports £143m loss
20/05/2009
Grainger, the largest quoted residential property owner in the UK, has reported a £143 million loss for the six months to the end of March.
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London Thames Gateway boss predicts 10-year slump
20/05/2009
The head of the body responsible for the regeneration of the London area of the Thames Gateway has issued a stark warning to MPs on the damage being done by the recession.
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Anger as Scottish Government cuts grant rate
19/05/2009
The Scottish Government has sparked anger among housing associations by making a £1,000 cut in its target level of grant per home.
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Regeneration cash 'not enough for aims'
18/05/2009
Housing groups have questioned whether the £6.5 billion the government is putting into regeneration work is enough to meet its aims.
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77 associations to write down £125m
15/05/2009
Seventy-seven housing associations have told the social housing regulator that they are set to make write-downs in their 2009 accounts.
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A path to prove
15/05/2009
The programme to tackle low housing demand in the north and midlands has never been universally popular.
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Big spending days are numbered
15/05/2009
Housing providers have been told to ramp up their spending plans this year because affordable housing budgets are set to slump.
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Builders and associations battle for slice of £400m
15/05/2009
Private home builders are facing stiff competition from housing associations for a £400 million government fund to kick-start stalled housing developments.
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Hungry to build
15/05/2009
£100 million will whet councils’ appetite to develop new homes, but a fairer finance system and more resources are needed to satisfy their craving
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Landlords prepare to take lenders to court
15/05/2009
A number of housing associations are actively looking to take lenders to court over attempts to drive up interest rates on loans.
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Let councils fulfil their potential
15/05/2009
The word of the day in other parts of Westminster last Friday may have been ‘expenses’, but at Inside Housing’s second Question Time event at nearby Millbank Tower, it was ‘kick-start’.
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The ideas store
15/05/2009
Some of the sector’s biggest players revealed their plans to kick-start house building at Inside Housing’s latest Question Time. Caroline Thorpe reports.
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Unfinished business
15/05/2009
Landlords need to be more proactive around delivery agreements, writes Andrew Shaw
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Think tank calls for mortgage controls
14/05/2009
An influential think tank has called for tighter restrictions on mortgage lending to prevent a repeat of the credit crunch.
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Welsh government looks to private finance
14/05/2009
The Welsh Assembly Government is looking to bonds and local authority mortgages to finance social housing.
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No private cash for £1bn Olympic Village
13/05/2009
The government will fund the £1 billion Olympic Village for the 2012 games, which is to form affordable housing after the event, without any private investment.
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Recession is ‘worst timing’ for pathfinders
13/05/2009
Watchdog warns that market renewal of work faces a difficult year and needs closer monitoring
-
Damning report threatens Lambeth ALMO funding
12/05/2009
The future of London’s biggest arm’s-length management organisation has been cast into uncertainty after a damning inspection report was leaked.
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MPs demand support for council-led building
11/05/2009
MPs have called for major action in the pending review of council housing finance to allow a mass programme of local authority house building.
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Kerslake unveils details of £500m funding scheme
08/05/2009
The Homes and Communities Agency revealed how councils, housing associations and developers can access hundreds of millions of pounds worth of new funding at Inside Housing’s Question Time event on Friday.
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Taylor Wimpey raises £510m to cut debt
08/05/2009
House builder Taylor Wimpey has turned to shareholders to cut its debts by £510 million.
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Council builders must start onsite in a year
08/05/2009
Local authorities looking to bid for the £100 million government council house building pot would have to be able to start onsite in less than a year.
-
Hot air
08/05/2009
The Budget showed that the government doesn’t believe its own rhetoric
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How to...use grant to improve energy efficiency
08/05/2009
Phil Moore, managing director of Danfoss Heat Pumps, explains how to improve the energy efficiency of your stock using grant from the low carbon buildings programme
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Institutions line up bids to build rental homes
08/05/2009
Investment banks, pension funds, and housing associations are lining up bids to bring hundreds of millions of pounds of institutional investment into private rented housing.
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Live within your means
08/05/2009
We have to make the effort to live sustainably now or risk having the earth give up on us, writes Barbara Thorndick
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Pot of gold
08/05/2009
Rumour has it the hotly anticipated review of council housing finance will be published in June. So, asks Caroline Thorpe, will the sector find what it wants at the end of the rainbow?
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Questions & answers
08/05/2009
David Orr reveals the ins and outs of European funding
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Revealed: the millions spent on temporary homes
08/05/2009
The government has revealed for the first time the staggering sums of money claimed by councils to put homeless families in temporary accommodation.
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CIH argues case for Scottish investment
07/05/2009
The Scottish Government should take action to protect the future funding of housing, the Chartered Institute of Housing Scotland has told a finance committee.
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London regeneration schemes get £16m boost
05/05/2009
The Homes and Communities Agency has handed out £16 million to get two London regeneration projects back on track.
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Mortgage lending continues to rise
01/05/2009
Mortgage lending increased for the second consecutive month in March, according to Bank of England data.
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HCA seeks investors to boost private rented market
01/05/2009
The Homes and Communities Agency is attempting to boost the number of homes available for private rent by encouraging investors into the market.
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As if by magic
01/05/2009
Virtual group structures can help landlords conjure up much-needed savings
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Birmingham: we’ll take the whole £100m
01/05/2009
The race to build the next generation of council housing began in earnest this week as England’s largest local authority landlord said it would bid for the entire £100 million pot made available in last week’s Budget.
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Bond guru Jenkins quits lender
01/05/2009
Investment banking consultant Traderisks has poached housing association bond guru Phil Jenkins from Royal Bank of Canada.
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Bring on the big bucks
01/05/2009
Today marks a turning point for the future of house building in the UK. After months of behind-the-scenes discussions, an announcement is imminent from the Homes and Communities Agency about how it plans to work with institutional investors.
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Councils' reasons to be cheerful
01/05/2009
Councils are fretting. They are worried that they are going to be squeezed even further following last week’s Bichard review on the latest round of efficiency savings.
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Difficult times ahead
01/05/2009
The Budget bodes ill for the level of funding the sector can expect in the future
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Pathfinders still in the dark on targets
01/05/2009
The organisations set up to tackle low housing demand in the north and in the midlands are still waiting to find out how they can access 10 per cent of this year’s funding.
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Private pain
01/05/2009
Despite a £1 billion boost, the Budget failed to encourage new residential investors. Crispin Dowler reports.
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Stand and deliver
01/05/2009
Following 2,000 job cuts and multimillion pound losses, major house builder Persimmon is seeking comfort in the social sector. But its interest isn’t simply down to the recession, boss Mike Farley tells Philippa Ward.
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Taylor Wimpey reports £2bn loss as refinancing ends
30/04/2009
House builder Taylor Wimpey has reported a loss of nearly £2 billion for 2008, but successfully concluded talks with its lenders.
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Nationwide records 0.4 per cent house price fall
30/04/2009
House prices fell 0.4 per cent in April, reversing the 0.9 per cent rise recorded in March, according to Nationwide.
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Regional agreement sparks review of housing boards
29/04/2009
The role of regional housing boards is to be reviewed as part of a commitment by the Homes and Communities Agency and regional development agencies to work together more closely.
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Positive Mears reports £57m contract wins
29/04/2009
Social housing repairs and maintenance company Mears has won £57 million of business and said demand for its services ‘has never been stronger’.
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Beckett resists call for Lambeth rent bailout
28/04/2009
Housing minister Margaret Beckett has refused to boost Lambeth Council’s housing budget to avert council rent increases of up to 17 per cent.
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Figures cast doubt on recovery hopes
27/04/2009
Figures showing mortgage approvals fell in March following three months of growth have dampened hopes of a housing market recovery.
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Rent rise tenant found hanged after court case
27/04/2009
A tenant who campaigned against rent increases by his housing association has been found hanged in his Salford flat after losing a legal challenge.
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Budget cuts threaten Northern Irish housing plans
24/04/2009
Northern Ireland faces a fresh blow to its housing finances after a cut of £123 million for the region’s funding was announced in the Budget.
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Money talks
24/04/2009
As the dust settled on another Budget, members of the British Property Federation gathered to mull over its contents. Here its leaders give their views
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Chancellor gambles on developers and buyers
24/04/2009
The government has taken a £1 billion gamble on helping struggling developers and first-time buyers at the expense of demands for major funding boosts to private and social rented sectors.
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Councils to compete for HCA cash
24/04/2009
The Homes and Communities Agency will launch a £100 million funding competition for councils, following this week’s Budget.
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In the know
24/04/2009
The social sector must not allow itself to be undermined by poorly informed critics, writes Sir Bob Kerslake
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Pension scheme deficit hits £663m
24/04/2009
Contributions to rise as sector scheme value drops £233 million
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The D-word
24/04/2009
Housing derivatives could have lessened the downturn’s impact and should be part of the sector’s financial future
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This is a house builders' Budget
24/04/2009
A fortnight ago hopes were high that chancellor Alistair Darling had been persuaded by housing lobbyists to pump several billion pounds into an emergency house building programme.
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Timing is everything
24/04/2009
Deciding when to use your homes as security for a loan can be a tough decision
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No surprises
23/04/2009
Circle Anglia’s executive director of operations explains what the Budget means for his housing association
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Budget soundbites
23/04/2009
The death of eco-towns, relief for homeowners, or just not enough cash? Housing leaders offer their views on yesterday’s Budget
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CIH slams infatuation with homeownership
23/04/2009
The body that represents housing professionals said it was concerned that housing policy would ‘continue to threaten the stability’ of the economy, following this week’s Budget.
-
Economists warn £500m will not go far
23/04/2009
The £500 million package announced in the Budget to help kick start new housing schemes and build council homes could benefit as few as 10 sites nationally, according to Pricewaterhouse Coopers.
-
Consultants predict end of eco-towns
23/04/2009
Labour’s eco-town programme appears to have ‘bitten the dust’ following this week’s Budget, according to consultancy EC Harris.
-
Housing allowance flexibility axed
23/04/2009
The government’s Budget report paves the way for controversial cuts to its housing benefit regime.
-
Guarantee scheme to drive lending
22/04/2009
The Treasury is to offer securities to banks and building societies in an effort to revitalise the mortgage market.
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Council building fund 'not enough'
22/04/2009
The government has announced £100 million of funding for local authorities to build new council housing at higher energy efficiency standards.
-
Manchester and Leeds win city-region status
22/04/2009
Greater Manchester and Leeds have been given ‘London-style’ city-region status in the Budget, which will allow closer work across council areas.
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Councils given £20m for emergency loans
22/04/2009
Local authorities are to be given £20 million to lend to families at risk of losing their homes through repossession or eviction.
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Budget ‘not bold enough’ warns Fed
22/04/2009
The umbrella body for housing associations has warned measures in the Budget do not go far enough to tackle the housing crisis.
-
Darling unveils £1bn boost for housing
22/04/2009
Chancellor Alistair Darling has unveiled a £1 billion funding package to help struggling homeowners, boost housing supply and help the house building industry through the recession.
-
Lending rise fails to improve mortgage outlook
22/04/2009
Mortgage lending is set to remain low for the foreseeable future despite a rise this month, the director general of the Council of Mortgage Lenders has warned.
-
Left-wing pressure group calls for tax overhaul
22/04/2009
The government should overhaul the tax system to prevent housing bubbles and crashes in the future, left-wing pressure group Compass has said.
-
Critics dismiss £1bn Budget boost
21/04/2009
Measures to support social housing expected in the Budget have been dismissed as inadequate by the Liberal Democrats.
-
Struggling borrowers get mortgage support
21/04/2009
The government has launched a mortgage support scheme that will allow struggling homeowners to pay lower mortgage interest payments for up to two years.
-
Sector issues Budget demands
21/04/2009
Leading figures in the housing sector have set out their demands for the government ahead of tomorrow’s crucial Budget.
-
Repairs work drives Connaught profits
21/04/2009
Social housing work has helped boost profits at repair and maintenance firm Connaught by 28 per cent.
-
MPs call for council investment in housing
21/04/2009
Councils must be given more maintenance money for their housing stock and be allowed to borrow more freely to assure the future of council housing, a group of MPs have said.
-
Rough sleepers take charge of budgets
20/04/2009
Three councils have been selected to pilot a government scheme that gives homeless people control over how money to support them is spent.
-
Councils vow to build homes if given financial control
20/04/2009
Councils have told the government they could get 30,000 new homes built over the next decade if it cancels their housing debt and gives them control of their housing revenue.
-
Pension costs to rise as crunch hits fund value
20/04/2009
The Social Housing Pension Scheme has warned members to expect another rise in contributions after a £233 million drop in value in a year.
-
Scottish Government doubles council development budget
20/04/2009
The Scottish Government is to double the amount of money it is giving councils as part of its drive to get them building homes again.
-
‘Matchmaker’ service for troubled landlords
17/04/2009
TSA plans formal process to rescue ailing associations in wake of £396m swaps crisis
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Dear Mr Darling
17/04/2009
Green retro-fit programmes are working - and are good news for the economy
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Government doles out £17m build fund
17/04/2009
The Scottish Government has announced the first councils to get a share of the £25 million it has pledged to help them build homes.
-
Stakeholders make Budget demands
17/04/2009
Measures to entice billions of pounds of private investment into rented housing and a massive retro-fitting programme are being strongly tipped for next week’s Budget.
-
Chancellor urged to drive economy with help for poor
16/04/2009
Targeting resources on poor families could help stimulate the economy because they would immediately spend them on basics like keeping their homes warm, leading figures from faith and academia have argued.
-
Northern Irish associations seek building boost
16/04/2009
The umbrella body for housing associations in Northern Ireland has called on the chancellor to take action to revitalise house building in next week’s Budget.
-
Recession harming a quarter of housing bodies
15/04/2009
The number of housing organisations being hit by the recession has increased 30 per cent since October, with one in four now suffering.
-
Lenders increase loans to first-time buyers
14/04/2009
Mortgage lenders have reported a 7 per cent increase in loans to first-time buyers in February.
-
HCA misses shared ownership goal
14/04/2009
The Homes and Communities Agency has missed its target to fund new shared ownership properties by more than 3,000 homes.
-
Olympic Village granted £225m European loan
14/04/2009
The Olympic Delivery Authority has been given access to a £225 million European loan to help build affordable housing.
-
Banks lose out as landlords avoid fees
10/04/2009
Housing associations turn to institutional investors as role of banks in bond markets changes
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Be flexible, TSA tells landlords
10/04/2009
Housing associations will need to draw up contingency plans to cope with the possibility of rapid inflation next year, the chair of the Tenant Services Authority has warned.
-
HCA to test appetite for investment
10/04/2009
The Homes and Communities Agency is poised to test pension funds’ and insurance companies’ appetites for pouring cash into privately rented housing.
-
Lenders start to relax terms
10/04/2009
Banks and buildings societies are starting to relax their lending terms under pressure from the government, the Chartered Institute of Housing’s south west conference has heard.
-
Shock therapy
10/04/2009
Tight budgets are forcing quick reactions from landlords as they experiment with the best ways to save cash. Our snap survey reveals the very latest developments. Neil Merrick reports
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Specialist bank plan for Dunfermline
10/04/2009
Defunct building society’s £700m social housing arm could become Scotland’s dedicated housing lender
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Bankers ask for homeowner help
09/04/2009
Mortgage lenders are pressing the government to help for those struggling with mortgage payments.
-
RDAs add £53bn to economy
07/04/2009
Every £1 spent by regional development agencies adds £4.50 to regional economies, a new report has found.
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New accountancy guide for housing associations published
07/04/2009
The National Housing Federation has published a new guide which could help housing associations track property values in the downturn.
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Inflation could hit housing associations, TSA chair warns
06/04/2009
Housing associations will need contingency plans to prepare for rapid inflation next year, the chair of the Tenant Services Authority has warned.
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ALMOs call for freedom to borrow and build
06/04/2009
Public borrowing restrictions should be waived to allow arm’s-length management organizations to expand and build new homes, said a new a report.
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Lenders relax terms after government pressure
03/04/2009
Banks and buildings societies may be starting to relax their swingeing lending terms under government pressure, the Chartered Institute of Housing’s south west conference has heard.
-
£200m cash crisis hits decent homes target
03/04/2009
Northern Ireland could miss its 2010 decent homes target because of a £200 million shortfall in its housing budget.
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Collapse prompts loan fears
03/04/2009
The Treasury is in talks with the Scottish Government about the future of collapsed Dunfermline Building Society’s social housing business.
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Landlord wins right to reclaim VAT
03/04/2009
Community Housing Association has won a High Court battle against HM Revenue & Customs to claim back hundreds of thousands of pounds in VAT spent developing social housing.
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Look who’s laughing now
03/04/2009
Two failed stock transfer votes, a zero-star rating, a repairs department under supervision and miserable staff - Birmingham’s housing department was a national joke. Then along came John Lines and Elaine Elkington. Caroline Thorpe describes a dramatic turnaround
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Regions get £426 million for renewal
03/04/2009
The government has announced £426 million in extra funding to help regions with housing renewal.
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Sum of all parts
03/04/2009
Recession-proof budgets and cost-cutting measures must not come at the expense of performance, quality and service to tenants
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Bellway reports £48.6m loss as land values plummet
31/03/2009
House builder Bellway made a pre-tax loss of £48.6 million in the six months up to the end of January.
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Cautious welcome for mortgage approval jump
31/03/2009
Lenders have responded cautiously to Bank of England figures showing a rise in mortgage approvals.
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Minister prioritises building in face of £200m shortfall
30/03/2009
Northern Ireland’s social development minister has pledged to concentrate on house building in the face of a £200 million housing budget shortfall over the next two years.
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Treasury takes charge of Dunfermline's social housing arm
30/03/2009
The Treasury is in talks with the Scottish Government about the future of Dunfermline’s social housing business, following the collapse of Scotland’s largest building society.
-
Guide outlines economic vision for eco-towns
30/03/2009
The Town and Country Planning Association has set out its vision of how businesses should operate in eco-towns.
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Tenants take HRA protest to Downing Street
30/03/2009
Tenants from a south London borough have presented a petition to Downing Street protesting about negative housing subsidy which costs rent payers £10 million a year.
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A chance to detox
27/03/2009
The downturn means the building industry can make a fresh start
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Councils left with rents U-turn tab
27/03/2009
Councils will have to pick up the full cost of implementing a last minute change of policy from the government over the size of their rent increases.
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Equity stake model delayed
27/03/2009
The Homes and Communities Agency has held back from taking an equity stake in a flagship housing scheme, saying there is ‘work to do’ before it can move away from grant-based funding.
-
Mass HRA reform under question
27/03/2009
Recession makes it ‘unlikely’ the government will allow for all councils to leave subsidy system
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Those were the days
27/03/2009
From the Thatcher years to John Prescott’s communities plan, ALMOs to ASBOs, and homes for votes to decent homes. Since it was first published in 1984, Inside Housing has covered all the issues that have gripped the housing world, taking in five redesigns and seven editors along the way. Katie Puckett charts an incredible 25 years.
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Housing association sector could go into the red
26/03/2009
The chief executive of the Tenant Services Authority has refused to rule out the possibility that the housing association sector could post a deficit this year.
-
Affordable housing cash to fund empty homes work
26/03/2009
The Homes and Communities Agency is planning to fund councils to take enforcement action to bring empty homes back into use.
-
Private rental review calls for tax changes
25/03/2009
The Scottish Government wants Westminster to change tax laws to encourage institutional investment into the private rental sector.
-
Councils call for empty homes tax cut
24/03/2009
The umbrella body for local authorities has called for tax cuts on work to bring empty homes back into use.
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Borrowers get tough as loan costs rise
23/03/2009
Banks seeking to re-price their social housing loan books have caused ‘deep unhappiness’ among housing associations, that are now looking to ‘play hardball’ with their lenders.
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History lessons
20/03/2009
Housing associations are key to solving the empty homes crisis, but grants rules must change first
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A good start
20/03/2009
Much has been achieved in the Homes and Communities Agency’s first 100 days, says Sir Bob Kerslake, but there’s much still to do
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Accounts ‘will need scrutiny’
20/03/2009
The misery of the current financial reporting season threatens to extend beyond the biggest developing landlords, experts have warned.
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Beckett likens HRA shake-up to poll tax
20/03/2009
The much-reviled system for financing council housing should not be scrapped simply because it is loathed by many, according to housing minister Margaret Beckett.
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Housing sector saviour
20/03/2009
This week we chart the first 100 days of the Homes and Communities Agency.
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Property sales crucial for 59 housing associations
20/03/2009
Fifty-nine housing associations were entirely dependent on selling homes to generate a surplus last year.
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Sanctuary acclaims £200m bond issue
20/03/2009
Sanctuary Group has issued £200 million of bonds, securing the best price a housing association has paid on the capital markets since the recession began last autumn.
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The first 100 days of the HCA
20/03/2009
‘Yes, they can,’ seems to be the overwhelming verdict on the agency’s first 100 days - not that it’s been a cakewalk exactly. Simon Brandon reports.
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The single-minded conversation
20/03/2009
Caroline Thorpe finds housing minister Margaret Beckett preoccupied by supply
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Mortgage lending hits eight-year low
19/03/2009
Mortgage lending fell to an eight-year low of £9.9 billion in February, from £11.7 billion the previous month.
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Fifth of associations face financial woes
19/03/2009
Analysts have calculated more than a fifth of English housing associations could face financial difficulties during a lengthy recession.
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FSA considers tough lending controls
18/03/2009
The government’s financial watchdog has opened the door to tighter restrictions on the amount people can borrow to buy homes.
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Homebuy guide
18/03/2009
How the government’s £400 million attempt to entice first-time buyers back into the market is intended to work
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Subsidy system costs Welsh councils £94m
17/03/2009
Nearly £100 million of housing revenue generated by Welsh local authorities will be redistributed to councils in England this year.
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Campaigners warn homes pledge fall short
16/03/2009
The Scottish Government’s drive to swell the country’s affordable housing stock by at least 6,500 in the coming year does not go far enough, housing organisations have warned.
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HCA shifts cash to spend budget
16/03/2009
The Homes and Communities Agency is moving cash out of regions that have under-spent their affordable housing allocations in a bid to get its budget spent before the financial year end.
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Arm’s-length funding deals ‘need a revamp’
13/03/2009
The Homes and Communities Agency should draw up special funding agreements with arm’s-length management organisations to help them build homes more quickly, according to the last chief executive of the Housing Corporation.
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Councils ‘should be allowed to borrow’
13/03/2009
Councils should be allowed to borrow to cover the cost of building schools, roads and energy infrastructure for new housing developments, a planning charity has said.
-
Dash for cover
13/03/2009
Landlords beware - cheap insurance rates are unlikely to benefit anyone in the long term, writes Tom Shewry
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For the chop
13/03/2009
With the Supporting People ring fence due to end in April, are supported housing providers facing the cruellest cut? Emily Rogers reveals the findings of an exclusive Inside Housing survey
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It all adds up
13/03/2009
Housing associations need to overhaul their accounting systems or face errors and complications, writes Karen Connelly
-
Jargon buster
13/03/2009
Crispin Dowler explains some common social housing finance terminology
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Liverpool Council latest to unveil plan for regional bank
13/03/2009
Liverpool Council has agreed to look into plans to kick-start housing schemes by setting up a new regional bank with other councils in the north west.
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On thin ice
13/03/2009
It has been a bleak winter of rising loan prices, job losses and deflation. Philippa Ward asks how housing can beat the chill.
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Private desires
13/03/2009
As councils scramble for a share of the latest round of housing private finance initiative cash, Philippa Ward assesses the £4.63 billion programme’s progress
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Procurement plan ‘may curb delivery’
13/03/2009
Housing associations have warned that the Northern Ireland Executive’s new procurement policy is likely to stifle the production of new homes.
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Ready for a comeback
13/03/2009
Are councils wise to step back into the house building ring? Ben Cook finds out how the former champs are shaping up
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Red alert
13/03/2009
Things are looking grim for the global economy - but the housing sector has some special problems of its own. Chloë Stothart on what happened to social housing finance
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Survival tips
13/03/2009
Dave Poulter has just closed a PFI deal for Swan Housing Group - here are his top tips to make a project happen despite the downturn
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The weakest link
13/03/2009
With more UK businesses at risk of financial failure, social landlords face more risk to their supply chains. Simon Brandon examines the impact of the recession on interconnected departments and suppliers
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Study finds just two eco-towns are viable
12/03/2009
The financial viability of the government’s planned eco-town programme has been called into question by a new report which gave only two of the proposals a glowing bill of health.
-
Repairs work keeps Rok in the black
12/03/2009
Maintenance and building firm Rok has reported a sharp fall in profits during 2008, but managed to remain in the black.
-
Performance bonus to reward pathfinders
11/03/2009
Housing market renewal pathfinders will have access to nearly £350 million this year to regenerate some of England’s most deprived areas.
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Scottish associations cut build plans
11/03/2009
A question mark hangs over house building affordability for more than a third of Scottish developing housing associations.
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Scots budget £644m to fund 6,500 homes
10/03/2009
Scotland’s new housing minister has promised to invest £644 million for social rented or low cost home ownership homes from April.
-
Mears reports 'most successful year'
10/03/2009
Social housing repairs and maintenance company Mears has reported its ‘most successful year’ despite the recession.
-
Welsh investment bucks economic trend
09/03/2009
The Welsh Assembly Government has pledged to spend £500 million a year on housing for the next three years.
-
Bovis Homes hit with £78.7m loss
09/03/2009
Bovis Homes has described 2008 as an ‘unprecedented’ year for house builders as it reported a £78.7 million loss.
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Build plans axed as lenders reprice loans
06/03/2009
The government has stepped in to ask lenders to think twice before ‘aggressively repricing’ housing association loans, amid warnings that new developments could grind to a halt.
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Fifty associations hit as land values plunge
06/03/2009
Fifty housing associations have seen the value of their homes and land plummet so much they expect to make write-downs in their 2009 accounts.
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Lenders need to see sense
06/03/2009
When Vince Cable, the man who predicted the downfall of Northern Rock, says that development by housing associations is making the current downturn worse, we should take notice.
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London gets £93m
06/03/2009
The Homes and Communities Agency has announced it intends to spend £93 million over the next year to kickstart five major London developments.
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March 31st
06/03/2009
It’s a date that looms large in housing association diaries - at the end of the month they will tally their losses. There will be some nasty surprises, writes Crispin Dowler
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The eyes have it
06/03/2009
The recession has brought social housing to its knees, says Vince Cable. So what does the man dubbed ‘the soothsayer’ think will happen next, asks Simon Brandon.
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Time for Plan B
06/03/2009
Only the most rigid of civil servants would insist that their prescriptive pre-crunch plans be adhered to now, says Tim Dwelly
-
Lack of European lender damages market
05/03/2009
Badly-hit housing markets in Europe are being further damaged by the lack of a pan-European mortgage lender, an academic has claimed.
-
Lenders troubled by interest rate cut
05/03/2009
The latest cut in Bank of England interest rates will do little to increase the supply of mortgages, lenders have claimed.
-
Union demands grant equality for councils
05/03/2009
Public sector union Unison this week urged the Scottish Government to allow councils to bid for housing grant alongside housing associations.
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Housing a minority in £13bn PFI bail out
04/03/2009
Only a minority of the private finance initiative projects that will benefit from a £13 billion government cash injection involve housing.
-
Boris attacked for 'premature' pledge
04/03/2009
Government officials have attacked the Conservative mayor of London for announcing spending plans without their approval.
-
CLG under fire on HIPs and eco-towns
04/03/2009
The Communities and Local Government department needs to work harder on its effectiveness or risk failing in its policy objectives, a committee of MPs has said.
-
Shared ownership support is ‘madness’
03/03/2009
Government support for shared ownership is ‘part of the problem’ not ‘part of the solution’ to the UK’s economic crisis, an expert has claimed.
-
Loss making Accent concerns regulator
03/03/2009
The financial viability of the Accent Group is ‘of concern’ after the association made a loss of nearly £10 million last year, the social housing regulator has said.
-
L&Q unveils plan to shift homes for sale
03/03/2009
Housing group London & Quadrant has unveiled a Homes and Communities Agency-backed drive to shift homes intended for sale.
-
HCA cash to kick start regeneration
03/03/2009
The Homes and Communities Agency is putting up £93 million to kick start five mothballed developments across London.
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Persimmon reports £780m loss
03/03/2009
House builder Persimmon has reported a £780 million loss for its 2008 financial year.
-
Councils calls for debt relief to aid building work
02/03/2009
The councillor in charge of housing in the Highlands has travelled to Westminster to plead for relief from the council’s housing debt burden.
-
Europe backs tax cut to help fill empty homes
27/02/2009
A landmark vote in the European Parliament has given a huge boost to Inside Housing’s campaign to bring empty homes back into use.
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In a bind
27/02/2009
Mortgagee protection clauses allow social landlords to get better loan deals
-
Long-term unsold homes up by 20 per cent
27/02/2009
The number of long-term unsold homes on housing association books surged by 20 per cent at the end of 2008 despite urgent moves to turn the tide.
-
Minister backs landlords against banks
27/02/2009
Scotland’s new housing minister, Alex Neil, has pledged to help housing associations get better borrowing deals, amid reports they are being slapped with excessive charges and shorter payback periods.
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The last scrum in a bruising game?
27/02/2009
The hits this week have come harder than a Six Nations scrum. First there was the quarterly report on the financial health of the sector’s largest housing associations from the Tenant Services Authority.
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Uncertainty causes landlords to demolish supported schemes
27/02/2009
Housing associations are demolishing or selling off supported housing schemes because of uncertainty around how councils commission support services.
-
MPs demand more power for councils
26/02/2009
Councillors and MPs have called on the government to give councils more power to invest in building new homes.
-
Edinburgh plans to build 1,300 homes
26/02/2009
Edinburgh Council is hoping to get its hands on £10 million of the £25 million the Scottish Government has set aside to encourage council-led house building, to help fund a plan for 1,300 new homes.
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Officials set out plans for HRA reform
25/02/2009
Communities and Local Government officials are considering three routes for reform of the housing revenue account subsidy system.
-
Barratt losses reach £592.4m
25/02/2009
House builder Barratt Developments made a £592.4 million loss in the first half of its financial year.
-
CIH demands house building bail out
24/02/2009
The house building industry is in greater need of a government bail out than car makers or the Post Office, the Chartered Institute of Housing has claimed.
-
Lovell turns to refurbishment work
24/02/2009
Affordable housing group Lovell has turned to refurbishment and new build social housing work to limit the impact of the credit crunch.
-
House builder reveals £46.2m loss
24/02/2009
Builder Redrow has reported a £46.2 million loss for the first half of its financial year, down from a £35.8 million profit in 2007.
-
MPs warn housing goals will be missed
24/02/2009
A cross-party committee of MPs has said the government will miss its housing targets without more money for social homes.
-
Associations hit by £396m cash calls
23/02/2009
Lenders asked 32 housing associations for securities worth a total of £396 million in the last quarter.
-
Social housing plan to beat credit crunch
23/02/2009
Gordon Brown must increase social housing spending by billions of pounds or miss his ambitious house building targets, a chorus of MPs, housing associations and councils has warned.
-
Lenders report surge in repossessions
20/02/2009
Repossessions soared by more than 50 per cent in the fourth quarter of last year, according to the latest figures from the Council of Mortgage Lenders.
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Landlords wary of developers’ homes
20/02/2009
The majority of social landlords have little or no intention of buying up any homes from private developers in order to ease the housing crisis.
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Ministers can and must fix this
20/02/2009
It is now five weeks since we broke the story that councils are having to impose rent increases on their tenants of on average 6.2 per cent this year and 6.1 per cent for 2010/11.
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Number of mortgages at a 30-year low
20/02/2009
Mortgage lending in 2008 fell to its lowest level for more than 30 years, according to new data from the Council of Mortgage Lenders.
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Plan B
20/02/2009
The huge slump in right to buy sales couldn’t have been predicted. Now we must review our options
-
Voices of experience
20/02/2009
Veteran leaders give their advice on getting through a recession - and talk about how much worse it really is this time. Philippa Ward reports
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US leads way with $75bn mortgage bailout
19/02/2009
President Barack Obama has launched a multi-billion dollar mortgage rescue programme which aims to help nine million US households.
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Galliford Try records £37.5m loss
19/02/2009
House builder Galliford Try recorded a £37.5 million loss for the last six months of 2008 as house prices dropped.
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Credit crunch update
18/02/2009
Consultancy Tribal’s latest update on the financial difficulties facing the housing sector
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Kerslake backs energy efficiency plans
18/02/2009
The head of the government’s housing and regeneration body has said the organisation is well placed to tackle climate change.
-
Tories would scrap house building goals
17/02/2009
A Conservative government would scrap house building targets, replacing them with a system of incentives.
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Mortgages agreed at 10 times salary
17/02/2009
Nearly 80,000 mortgages for homes worth more than eight times the borrower’s salary were agreed at the height of the property boom.
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Associations to work together to avoid fees
13/02/2009
Housing associations are set to start trading complex financial instruments with each other to sidestep spiralling bank fees.
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HCA’s private finance pot £2.2bn oversubscribed
13/02/2009
Local authorities will struggle to fund major developments because they are demanding £2.2 billion more for housing private finance initiative schemes than the government has made available.
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The hard sell
13/02/2009
It’s now or never to attract the elusive billions of pounds managed by institutional investors into the housing market. Martin Hilditch asks whether they’ll go for the HCA’s pitch
-
Construction figures prompt bail out calls
12/02/2009
Construction orders have fallen by a quarter over the last year, according to official figures.
-
Ministers accused of wasting housing cash
12/02/2009
The Conservatives have attacked the government for not investing enough in social housing.
-
Beckett calls for fresh ideas
12/02/2009
The housing minister has praised the way the sector has responded to the recession, and appealed for fresh ideas.
-
Scots raise house building grant rates
11/02/2009
Scottish social housing grants are to be increased by £4,000 to £5,000 a home, to keep housing associations building through the recession.
-
Minister promises finance review will help tenants
11/02/2009
A group of MPs have received assurances from the housing minister that the government’s review of council housing finance will provide ‘the solution tenants need’.
-
Sale and rent back regulation
10/02/2009
How demands for the regulation of sale and rent back firms have gathered momentum over the last two years
-
City seeks partner for 2,500 home scheme
09/02/2009
Sheffield City Council is planning to form a local housing company with a private partner in a deal which could see 2,500 homes built in the city over the next 15 years.
-
Olympic stadiums swallow 2012 budget
06/02/2009
The stadiums for the 2012 Olympics will swallow £196 million more of the budget for the games than previously anticipated.
-
Brown opens the door for councils
06/02/2009
In a last-ditch bid to save the UK from the worst ravages of recession, Gordon Brown has said that nothing will obstruct councils’ efforts to build more homes. Emily Rogers and Crispin Dowler examine the story behind the prime minister’s historic pledge - and its implications
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Brown to rewrite council rule book
06/02/2009
The government is looking to rewrite the rule book for councils who apply for house building cash, after the prime minister pledged to remove all obstacles in their path.
-
Councils shun building societies
06/02/2009
Lending to associations set to fall as councils seek safer home for investments worth £12bn
-
Base rate cut 'will not help lending'
05/02/2009
Lenders have said that the Bank of England’s decision to slash the interest base rate to 1 per cent will have little effect on the mortgage market.
-
Scottish budget to fund home insulation
05/02/2009
The Scottish National Party-led government in Scotland has managed to get its controversial budget approved by parliament after making a number of concessions to opposition parties.
-
Shock house price rise bucks trend
05/02/2009
House prices made a surprise shift upwards in January, according to figures from mortgage lender Halifax.
-
Lenders claim rate cuts are 'double-edged sword'
05/02/2009
Mortgage lenders have warned that interest rate cuts on their own will do little to improve the housing market.
-
Social housing work drives down prices at Bellway
05/02/2009
House builder Bellway’s increased focus on social housing has contributed to a £14,800 reduction in its average sale price.
-
PFI deal to improve 1,300 Newham homes
03/02/2009
Newham Council has signed a £174 million contract with Swan Housing Group to improve around 1,300 homes under the government’s private finance initiative.
-
Lenders warn against further rate cuts
03/02/2009
Building societies have warned that further cuts in interest rates may limit the availability of mortgages.
-
Developers abandon ‘risky’ pathfinders
30/01/2009
Organisations set up to tackle low demand for housing in the north of England and the midlands are being abandoned by developers during the recession, a new report warns.
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‘Virtual mergers’: new weapon in banking row
30/01/2009
Housing associations are asking lawyers to come up with new legal ploys, such as possible ‘virtual mergers’, to outwit banks that are trying to increase the price of their loans.
-
Banks examine ways to avoid reposessions
30/01/2009
Banks have been exploring how they could buy stakes in people’s homes as an alternative to repossessing them.
-
Communities official to lead recession fight
30/01/2009
A senior figure at the Communities and Local Government department will lead the government fight against the economic downturn.
-
Council mulls ‘Bank of Birmingham' to help boost house building
30/01/2009
England’s largest council landlord is drawing up plans to launch a bank to help it fund house building.
-
Get with the programme
30/01/2009
A dialogue needs to be opened between the private and public sectors to aid regeneration
-
Marsh warns sector to fear the worst
30/01/2009
Housing associations’ business plans may be rocked by punishing writedowns and derailed by deflation in the coming year, the regulator has warned.
-
That sinking feeling
30/01/2009
Recession’s stormy waters have already claimed thousands of banking and private house building jobs. Simon Brandon asks whether social housing professionals will sink or swim?
-
Notting Hill swallows up Presentation
29/01/2009
Financially troubled housing association Presentation looks set to become a subsidiary of Notting Hill Housing.
-
House prices continue to fall
29/01/2009
House prices fell 1.3 per cent in January, taking the annual fall to 16.6 per cent, Nationwide has said.
-
Government to hand out pre-Budget cash
29/01/2009
The government is finalising the details of how best to distribute £425 million of housing cash brought forward in the pre-Budget report.
-
Barclays offers hope to associations
29/01/2009
Housing associations are seen as a safe investment and the few who are struggling will ‘come through’ the crisis, according to Barclays’ social housing boss.
-
TSA has 'scenario tested' rescue plans
27/01/2009
The social housing regulator has made detailed plans about how it would step in to save a failing housing association.
-
Boris' strategy splits London planning committee
27/01/2009
Boris Johnson’s plan to drop London’s ‘50 per cent affordable’ target for new homes has divided the committee overseeing the mayor’s planning policies.
-
Solihull gets £9.5 million funding boost
26/01/2009
Solihull has received £9.5 million from the Homes and Communities Agency to fund a major housing and regeneration scheme.
-
Wormald to take charge of battle against recession
26/01/2009
A senior figure at the Communities and Local Government department will lead the government fight against the economic downturn.
-
Lambeth tenants face 17 per cent rent hike
26/01/2009
Lambeth Council tenants are facing a 17 per cent rent increase, raising rent levels by an average of £12 a week.
-
Help the Aged criticises sheltered housing policy
26/01/2009
The government needs to intervene urgently to stop sheltered housing withering away, according to a report by older people’s charity Help the Aged.
-
London build target 'cannot be truly met'
23/01/2009
Boris Johnson can only meet his 50,000 affordable homes target by fiddling the figures, his Labour opponents have warned.
-
Scottish homeowners get £10 million boost
23/01/2009
The Scottish Government has announced it will plough an extra £10 million into a scheme to help homeowners struggling with mortgage repayments.
-
A digital new deal
23/01/2009
I was impressed with the prime minister’s plan, flagged up over Christmas, for a Franklin D Roosevelt-style ‘new deal’ programme of public investment to mitigate the effects of the recession.
-
Bail out could revive market
23/01/2009
Gordon Brown has made his boldest attempt to date to resuscitate the ailing mortgage market, in a move which could boost the supply of loans.
-
Banks can’t have their cake and eat it
23/01/2009
For housing association bail outs to work, aggressive loan repricing must stop
-
Beckett backs council-led building
23/01/2009
The government has opened the way for thousands of new council homes to be built.
-
Changing hands
23/01/2009
Stock swaps and disposals are not as simple as handing over the keys, writes Jonathan Cox
-
Hyde bucks trend to secure £65m PFI
23/01/2009
Hyde Group has bucked the credit crunch to secure £65 million for one of the only housing private finance initiative deals to close in the past year.
-
London mayor could raid £3.9 billion housing pot
23/01/2009
Boris Johnson is considering taking cash from London’s £3.9 billion affordable house building programme to supplement the government’s mortgage rescue fund.
-
North west passage
23/01/2009
England’s north west has one of the highest concentrations of failing neighbourhoods in the UK. Clara Story charts the progress of three very different pathfinders as they battle to maintain recovery through the downturn
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Regulator to target landlord finances
23/01/2009
The Tenant Services Authority warned housing associations it would have an ‘unapologetic focus’ on their finances, as it began a national conversation with tenants this week.
-
Repossessions rise by 92 per cent
22/01/2009
Repossessions shot up by 92 per cent in the last year, according to figures from the Financial Services Authority.
-
Pathfinders 'must improve value for money'
21/01/2009
Public spending watchdog the Audit Commission is going to get tougher on housing market renewal pathfinders as ‘public resources get tighter’.
-
A year to remember
21/01/2009
Housing minister Margaret Beckett has taken another welcome step by announcing a consultation on proposals to make council house building a reality again.
-
Councils given freedom to build social homes
21/01/2009
The government has unveiled plans for a new generation of council-led affordable home building.
-
Bank bail out to kick-start lending
19/01/2009
Gordon Brown today announced plans to provide government guarantees for mortgage-backed debt, as part of a second bid to bail out the banks and boost lending.
-
Rural developer forced to close
19/01/2009
The Rural Housing Trust will stop building homes and make most of its staff redundant after being hit by the economic downturn.
-
Builders struggling
16/01/2009
Leading house builders reported dire trading conditions this week, with one introducing a four-day week to cut costs.
-
Grant rates rise for associations
16/01/2009
The Homes and Communities Agency is upping grant rates for social housing schemes threatened by the credit crunch, according to housing associations.
-
Is it a bird? Is it a plane?
16/01/2009
No, it’s three cash-rich landlords ready to fly to the rescue of their struggling rivals. But is their motive simply to save the day? Crispin Dowler reports
-
Rebellion brews over proposed rent hikes
16/01/2009
Inflation-busting increases leave councils torn between protecting their tenants or their budgets
-
Tenants triumph
16/01/2009
The House of Lords has found in favour of the tenants in three tolerated trespasser cases
-
Watchdog cuts list of at risk associations
15/01/2009
The social housing regulator has removed an undisclosed number of housing associations from its notorious ‘watch list’, Inside Housing has learned.
-
Businesses predict huge construction decline
15/01/2009
The property and construction industry could lose more than 70 per cent of its turnover and profitability by the end of the year, a study by Grant Thornton suggests.
-
HCA seeking new private investment
14/01/2009
The Homes and Communities Agency is in talks with institutional investors in an attempt to find new sources of finance for affordable housing.
-
Taylor Wimpey build rates plummet
14/01/2009
Taylor Wimpey has become the latest house builder to report a sharp decline in business and an increased reliance on social housing.
-
Scots want £30m to get housing on track
14/01/2009
Scottish housing associations are pushing for another £30 million this year to get the stalled affordable housing machine moving again.
-
Home sales fall to record low
13/01/2009
House sales have plummeted to the lowest level on record over the last three months, according to the Royal Institute of Chartered Surveyors.
-
Rok looks to social housing for support
13/01/2009
Contractor Rok has said its social housing maintenance work is holding up well, despite tough trading conditions.
-
Financial pressures damage services
12/01/2009
Financial pressures on housing associations could lead to poorer services for tenants, the Conservatives have warned.
-
Credit rating paves way for L&Q developments
12/01/2009
London and Quadrant Housing Trust has been awarded a top credit rating for its long term prospects.
-
Cuts force closure of Yorkshire forum
12/01/2009
A campaigning group that represents housing professionals in Yorkshire is to close at the end of March because of funding problems.
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Galliford Try brings in four day week
12/01/2009
Galliford Try has introduced a four day working week across its house building businesses to reduce costs.
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Bovis redundancies cut staff levels by half
09/01/2009
House builder Bovis Homes expects its staff numbers to fall by 60 per cent compared with the start of 2008, a trading statement has revealed.
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LOBOs explained
09/01/2009
Investment management company Traderisks gives its view of the LOBO finance deals that are currently being offered to housing associations
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Associations court danger in bid for cash
09/01/2009
Housing associations’ thirst for extra cash is leading them to swap stable, long-term loans for risky deals, financial consultants have warned.
-
Cash-rich landlords agree to bail out peers
09/01/2009
A trio of cash-rich housing associations have agreed to make bail out loans to struggling competitors after a request by the social housing regulator.
-
Cuts affect Calvay scheme
09/01/2009
A housing association has claimed it is the first victim of a controversial change in housing development rules by the Scottish Government.
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Guarantee to buy unsold stock could kick-start stalled industry
09/01/2009
Housing associations could be asked to guarantee that they would buy house builders’ unsold stock, under proposals being developed by the Home Builders’ Federation.
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Riding to the rescue
09/01/2009
Bankers have had one and car manufacturers are desperate for one, but now it appears that social housing is the next sector to have a bail out.
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Shepherds Bush financial status ‘critical’
09/01/2009
Poor sales at a £62 million block of shared ownership flats have left a London housing association in a ‘critical financial situation’.
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Support plummets by 180,000 in five years
09/01/2009
The number of households funded by the government’s Supporting People programme has fallen by more than 180,000 in the last five years.
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The golden age is over
09/01/2009
The operating context could hardly be worse.
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Builders unimpressed by interest rate cut
08/01/2009
House builders today gave a lacklustre response to the Bank of England’s announcement of a further 0.5 per cent interest rate cut.
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Northern Irish tenants gain right to buy home shares
08/01/2009
Social tenants in Northern Ireland will be able to buy a share of their council home in a major change to current policy.
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'Reckless' council missed budget hole
07/01/2009
Lambeth Council was ‘reckless’ when it failed to predict a massive hole in its homelessness accommodation budget, an investigation has found.
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Bovis offloads 379 homes in £18m deal
07/01/2009
Housing associations are buying 379 unsold homes from house builder Bovis in an £18 million deal funded by the government.
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Final subsidy determination 2009/10
06/01/2009
Social housing consultancy Tribal sets out the key points of the latest subsidy determinations for local authorities that retain their housing stock
-
L&Q has £20 million on the table for Genesis
06/01/2009
Genesis Housing Group has secured a promise from fellow mega-housing association L&Q Group to lend it up to £20 million, it has confirmed.
-
Bond tap nets Places for People £150m
23/12/2008
Places for People has raised £148 million with a bond issue in the midst of a storm of negative publicity for housing associations.
-
Finance director quits Genesis
23/12/2008
The finance director of one of England’s biggest housing associations has resigned from his job.
-
A year in arrears
19/12/2008
This has been the year of the downturn. Just what has the impact been, and what will 2009 hold? Simon Brandon finds out.
-
Banks agree to compromise
19/12/2008
Banks have promised to act with ‘forbearance and compromise’ after being warned against attaching overly aggressive price tags onto housing association rescues.
-
London’s rough sleepers to get individual budgets
19/12/2008
Rough sleepers in London could be given their own funds to help them get themselves off the streets.
-
Repricing warning
19/12/2008
Housing associations might have to accept repricing of loan facilities if they cannot meet the huge cash calls hitting the sector, the Tenant Services Authority has warned.
-
Six associations on regulator’s at-risk list
19/12/2008
The social housing regulator has a ‘watch list’ of six housing associations facing threats to their financial health which must be tackled within six months.
-
Lenders anticipate 75,000 repossessions
18/12/2008
The number of repossessions will rise to 75,000 next year and the number of households more than three months in arrears will more than double, the Council of Mortgage Lenders has warned.
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Bankers put housing associations at risk
18/12/2008
Bankers are using any opportunity to push up the prices of existing housing association loans, the head of the National Housing Federation has claimed.
-
Backbenchers demand council-led building
15/12/2008
Backbench Labour MPs are pressing housing minister Margaret Beckett to accelerate the review of the housing finance system to help councils build again.
-
The Homeowner Mortgage Support Scheme
15/12/2008
The government has announced it is prepared to help struggling homeowners avoid repossession. Our quick guide explains the details
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A battle that runs and runs
12/12/2008
After 20 years, most political campaigns have drifted away into the history books. Not so the battle over stock transfer.
-
Cash calls hit social landlords
12/12/2008
Housing associations have been hit by calls for tens of millions of pounds at short notice to provide security for complex financial agreements.
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Chief execs’ pay to be probed by TSA
12/12/2008
The Tenant Services Authority will examine whether increasing salaries of housing association chief executives has become a ‘self-fulfilling prophecy’.
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Collateral calls explained
12/12/2008
Sue Harvey from Campbell Tickell and Howard Webb from Sector Weedon Grant explain the latest crisis to hit housing association finance
-
Getting what you pay for
12/12/2008
A few years ago, housing association boards were full of well-meaning volunteers who spent their time debating how they could best serve their communities.
-
Land value shock for large landlords
12/12/2008
Viability of over-exposed associations threatened by write-downs and cost of mothballing sites
-
On special offer
12/12/2008
Neil Merrick tracks the progress of the government’s £200 million scheme to encourage social landlords to snap up private developers’ unsold homes
-
Rigid criteria limit mortgage rescue
11/12/2008
Tight eligibility criteria will limit the number of cash-strapped homeowners who can benefit from the government’s latest mortgage rescue scheme.
-
Funding rules threat to decent homes
11/12/2008
Work to improve the condition of homes in England could be ‘squandered’ without further investment, the National Federation of arm’s-length management organisations has warned.
-
Housing and the credit crunch
10/12/2008
The group of MPs that scrutinises the work of the Communities and Local Government department has been examining the impact of the credit crunch on housing. Here the Chartered Institute of Housing gives its views on the subject.
-
Pre-Budget report
10/12/2008
A Chartered Institute of Housing briefing on the pre-Budget report 2008.
-
Glasgow tenants say 'yes' to second-stage transfer
09/12/2008
The long-awaited transfer of homes from Glasgow Housing Association to local organisations is to start next year, following a clean sweep of yes votes for the first five areas.
-
Elite group set to lead the way
09/12/2008
The Scottish Government has pressed ahead with a controversial plan to hand most of its housing cash to a small number of housing associations.
-
Cash injection for London regeneration schemes
09/12/2008
The London mayor is putting £77 million towards kick-starting stalled regeneration schemes as part of a £133 million housing package.
-
Warrington next in line for ALMO transfer
08/12/2008
Warrington has warned it will fail to keep its homes up to a decent standard unless they are transferred to a housing association from its high-performing arm’s-length management organisation.
-
HCA deputy says recession has arrived
08/12/2008
The UK is already in recession and the housing sector needs to react, according to the deputy chief executive of the Homes and Communities Agency.
-
Berkeley sales halve as demand falls
08/12/2008
Regeneration and building firm Berkeley has reported its sales are down 55 per cent for the six months to 31 October.
-
Rate cuts fail to revive housing market
05/12/2008
Government efforts to resolve the financial crisis have done little to improve the ‘extremely testing’ housing market, home builder Bellway has reported.
-
Affordable homes in Wales get £54m boost
05/12/2008
The Welsh government has put another £12 million into affordable housing just days after announcing a £42 million boost.
-
Help for developers has strings attached
05/12/2008
Government help for housing providers will be reserved for those which pledge to build through the economic downturn, a senior government official has said.
-
Hidden costs
05/12/2008
It is important to consider the tax implications before embarking on a rent to homebuy scheme.
-
Landlords shy away from rescue deals
05/12/2008
The housing associations with the most financial muscle are being forced to turn away from floundering associations because of the price tags banks are attaching to rescue deals, Inside Housing has learned.
-
Renewed efforts
05/12/2008
Chancellor Alistair Darling’s pre-Budget announcement that £775 million will be spent on housing and regeneration over the next 18 months came at just the right time, and is most certainly welcome - but the real work has only just begun.
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Support services given a year to persuade councils of their worth
05/12/2008
Housing support providers have 12 months to convince councils of the importance of the services they provide after the government decided to stagger changes to the way Supporting People funding is paid.
-
Brown steps in to halt repossessions
03/12/2008
The prime minister has announced that the government is prepared to step in to stop struggling homeowners having their homes repossessed.
-
Welsh find £42m to deliver 500 homes
03/12/2008
The Welsh government is giving £42 million to local authorities to boost affordable housing.
-
Social housing helps Telford Homes profits
02/12/2008
East London-based developer Telford Homes has reported increasing profits despite the economic slowdown.
-
New agencies will face 'huge challenges'
01/12/2008
The two new agencies charged with spending housing cash and keeping tabs on landlords face ‘huge challenges’, a senior government official has said.
-
Supporting People ringfence to be removed
01/12/2008
Funding protection for housing support services will be lost from next April, although the money will still be paid as a separate grant.
-
Chancellor bids to ease mortgage woe
28/11/2008
The government will attempt to boost the supply of home loans by pursuing plans to guarantee mortgage-backed bonds, it confirmed this week.
-
Flexible spending to beat the bite
28/11/2008
Glasgow Council has pledged to be more flexible in the way it spends its social housing cash, in an attempt to combat the credit crunch.
-
Landlords net cheap EU bank loan
28/11/2008
The Housing Finance Corporation has secured a £100 million loan from the European Investment Bank to fund regeneration projects for eight housing associations.
-
Millions pledged to lift the gloom
28/11/2008
Alistair Darling is to bring forward another £775 million for housing and regeneration, as part of a £20 billion spending spree to offset the shocks of recession.
-
Refinancing deal agreed for Swan
28/11/2008
Swan Housing Group has finally completed a £519 million refinancing deal, raising £140 million in new loans despite the turmoil in the finance markets.
-
Grainger suffers £112m loss as prices slump
27/11/2008
Residential landlord Grainger has reported a £112 million pre-tax loss for the year ending 30 September.
-
VAT briefing
26/11/2008
Roy Knowles, VAT expert at consultancy Tribal, outlines how the VAT changes in the pre-budget report will affect housing associations.
-
Board shake up at troubled charity
25/11/2008
The Housing Corporation has appointed three new board members at troubled charity Novas Scarman, which was made the subject of a statutory inquiry last month.
-
Number crunching
25/11/2008
Chancellor Alistair Darling is betting £20 billion that he can spend his way through the worst of the economic downturn. Here is our quick guide to the proposals.
-
Darling funds cash injection for social homes
24/11/2008
Chancellor Alistair Darling has announced plans to bring forward another £775 million to spend on social housing, to stimulate the shrinking economy.
-
Money is 'drop in the ocean'
24/11/2008
Consultants have warned that the chancellor’s promised investment in social housing is a ‘drop in the ocean’ compared with need.
-
Tax break will cut repair bills
24/11/2008
Housing associations should act quickly to benefit from tax changes announced in the pre-budget report, a VAT expert has advised.
-
Downturn fails to cut land prices
24/11/2008
Social housing providers in the north need better strategies to buy land as prices remain high, an umbrella body has claimed.
-
Town plans delayed by economic woes
24/11/2008
The credit crunch has delayed the start of work on a new town in Cambridgeshire by a year.
-
Flood of repossessions predicted as court orders go sky-high
21/11/2008
The number of possession orders made by courts has soared by a quarter to almost 30,000, figures showed as Alistair Darling unveiled his rescue plans.
-
Homeownership in Scotland a ‘folly’
21/11/2008
The Scottish Government should pour all of its housing resources into affordable rented housing until the market recovers, the Scottish Federation of Housing Associations has claimed.
-
Mirror, mirror on the wall
21/11/2008
The earthquake in the financial sector has revealed the cracks in the housing world, writes Jon Cruddas
-
The long and winding road
21/11/2008
The credit crunch has dealt the Thames Gateway some short-term blows. But, finds Simon Brandon, there is no giving up on the long-term vision.
-
Boris takes hammer to housing market
20/11/2008
Mayor Boris Johnson today unveiled his strategy for spending London’s £5 billion housing budget and delivering 50,000 affordable homes by 2011.
-
Douglas: don't risk '2020 sink estates'
18/11/2008
The outgoing head of the Housing Corporation has used his final speech to urge developers to focus on quality.
-
From recession to recovery
17/11/2008
A Local Government Association paper looking at the impact the expected recession will have on towns, cities, sub-regions, and regions across England.
-
Coalition bids to lessen crunch blow
14/11/2008
A coalition of housing associations will urge the Homes and Communities Agency to buy equity stakes in unsold homes to stop major regeneration projects stalling.
-
Make this a problem shared
14/11/2008
In troubled times, the tendency is to turn inwards. But in this housing downturn, thoughts are rightly turning to abroad and to how other countries are attempting to get their flagging housing markets back on track.
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Services cut as funds dry up
14/11/2008
Cash-strapped housing associations are replacing weekly home support visits with drop-in surgeries to bridge the widening gap between costs and Supporting People income.
-
Building group on track for 'record year'
13/11/2008
Construction and regeneration group Morgan Sindall has reported it is on track for a ‘record year’ despite the falling housing market and economic slowdown.
-
Taylor Wimpey orders down 40 per cent
11/11/2008
House builder Taylor Wimpey has reported demand for its homes has fallen by 40 per cent in the last year.
-
Circle Anglia breaks bond record with £275m deal
11/11/2008
Circle Anglia has raised £275 million with the biggest ever own-name bond issue by a housing association.
-
House sales reach record low
11/11/2008
House sales in the UK have fallen to an all time low, research by the Royal Institution of Chartered Surveyor reveals.
-
Kier redesignates land as private sales slump
10/11/2008
House builder Kier is planning to use land earmarked for private homes for social housing.
-
Cable warns house prices could halve
10/11/2008
House prices could fall by 50 per cent from their peak, Liberal Democrat treasury spokesman Vince Cable has warned.
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Banking misery prompts price hike
07/11/2008
The cost of social housing finance has risen sharply in the past three weeks following the latest shocks to the banking sector, lenders have reported.
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Lenders rush repossessions
07/11/2008
Mortgage lenders are ‘banging through’ repossession cases to beat the introduction of tighter court protocols requiring them to offer more concessions to struggling clients.
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PM: social bank will help associations
07/11/2008
The prime minster has indicated that housing associations will be one of the big beneficiaries of a new social investment bank that the government is planning to set up.
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Rescue deal risks tempting buyers to failing market
07/11/2008
The £300 million shared equity scheme in Gordon Brown’s housing market rescue package risks tempting first-time buyers into a falling market, a Housing Corporation report has warned.
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Urgent response
07/11/2008
In my 34 years of experience, I have seen the social housing sector respond imaginatively to many changes in regulation, funding and housing needs.
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Builders praise interest rate cut
06/11/2008
House builders have responded positively to the Bank of England’s decision to cut interest rates by 1.5 per cent.
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Rok to reduce workforce by 15 per cent
05/11/2008
Building and maintenance company Rok is cutting its workforce by a further 15 per cent as market conditions continue to deteriorate.
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House builders demand rate cut
04/11/2008
House builders are calling for the Bank of England to cut interest rates by 1 per cent to revive the housing market.
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Enquiry hears calls for funding rethink
03/11/2008
Housing associations and lenders are using a parliamentary enquiry to urge the government to re-write its system for funding social housing.
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Associations sit on their funds
31/10/2008
Housing associations are stockpiling borrowed funds to calm their jitters over the turbulent banking conditions, Inside Housing has learned.
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Cruddas to join pressure group
31/10/2008
A campaigning MP who had discussions about becoming housing minister is to join forces with a working group to thrash out his ideas for tackling the housing crisis.
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Loan plugs blocked by poor interaction
31/10/2008
Poor links between finance and development teams are stopping housing associations from fast-tracking loan deals to fill gaps left by falling sales, lawyers have warned.
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Region acts to tackle the downturn
31/10/2008
The Yorkshire and Humber Assembly’s regional housing board has agreed to pay for a strategic ‘action plan’ to tackle the downturn in the housing market.
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The show must go on
31/10/2008
In the second part of our series examining the effects of the credit crunch, Simon Brandon continues his look at the prospects for flagship projects
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U-turn on sales points the way to a return to rent
31/10/2008
Like an articulated lorry stuck in a cul-de-sac, housing associations are facing up to a difficult change of direction.
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House prices fall despite mortgage rise
30/10/2008
The price of the average UK house has fallen by almost 15 per cent in the last year, figures from Nationwide reveal.
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Repossessions soar by 71 per cent
28/10/2008
Repossessions are up 71 per cent on a year ago, according to the latest figures from the Financial Services Authority.
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Economists slash house price predictions
27/10/2008
The Centre for Economics and Business Research has reversed its predictions for house price growth in response to worsening market conditions.
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Persimmon targets public sector
27/10/2008
House builder Persimmon is to boost its social housing work by 25 per cent, it announced today.
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Homebuy opened up to private sector
24/10/2008
Private companies could be appointed to co-ordinate the government’s homeownership programme, under a new competition announced by the Housing Corporation today.
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Blown off course
24/10/2008
The financial crisis has accelerated fast. In the first of a two-part series examining its effect on the government’s flagship housing policies, Simon Brandon takes a look at the damage so far
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Credit crunch leaves housing charities at a loss
24/10/2008
Charities have long provided a safety net for those suffering at the sharp end of economic crises.
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Dialogue must translate into action
24/10/2008
By pledging to spend public money where it will make a difference, Alistair Darling has offered a glimmer of hope to social landlords wondering how they’re ever going to build homes on the scale we need.
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Housing associations warn extra tax will cost them millions
24/10/2008
Housing associations will be slapped with an annual bill of £135 million when the taxman starts charging organisations VAT on the cost of temporary staff.
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Housing Corporation on financial crisis alert
24/10/2008
The Housing Corporation is keeping ‘a close eye’ on several housing associations that are struggling to make ends meet during the economic crisis, chief executive Steve Douglas has said.
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Projections slashed
24/10/2008
Circle Anglia has slashed its projections for annual property sales to less than a third of the amount it earned last year, a ratings agency has reported.
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Rescuers lined up for bankruptcy threat
21/10/2008
The new housing regulator is lining up a ‘cab rank’ of housing associations which would step in if another Ujima-style collapse occurs.
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Scots get access to shared equity scheme
21/10/2008
A shared equity scheme is to be extended across Scotland as part of a string of credit crunch-busting efforts by the Scottish Government.
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Statistics fuel housing market fears
20/10/2008
Analysts are predicting further falls in the housing market, as new figures reveal cuts in house prices and mortgage lending.
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Shared ownership tied to bank rescue
20/10/2008
Halifax agreed to continue to issue shared ownership mortgages to secure its share of last week’s £37 billion bank bail out, Inside Housing has learned.
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Housing market package could fund development
20/10/2008
Funding designed to shift developers’ unsold stock to housing associations could result in further construction, it has emerged.
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Napier recommends 'extreme bottom fishing'
20/10/2008
The incoming chair of the Homes and Communities Agency has insisted there are still opportunties for development despite the economic gloom.
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HCA and TSA board members named
17/10/2008
Experts who will lead the most influential bodies in social housing have been appointed to the boards of the government’s new social housing watchdog and regeneration agencies.
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Associations’ property sales signs are ominous
17/10/2008
Six of England’s top 20 developers of social housing relied on surpluses from property sales last year to stay in the black.
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Crisis has caught us all out
17/10/2008
There’s never been a time like it in social housing. It’s not just the unprecedented economic turmoil and its knock-on effects on social landlords’ businesses.
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Dismay as bank departs
17/10/2008
Scottish housing associations have been dismayed by a major lender’s decision to end its presence in the country.
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Olympic Village landlord in cost-cutting drive
17/10/2008
The housing association involved in building the London Olympic Village has shed scores of jobs in a bid to reduce its reliance on property sales.
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Whitehall to rethink ‘unfair’ benefit regime
17/10/2008
The government has agreed to rethink housing benefit levels for hundreds of people across the UK following a landmark House of Lords judgement, dubbed the ‘Heffernan case’.
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Land write down hits Bellway profits
14/10/2008
Home building giant Bellway has revealed a £130.9 million write down on its land investments and unsold properties.
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Bank rescue deal may not help housing
14/10/2008
The government’s attempts to force banks to issue mortgages are badly conceived, a leading economist has warned.
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Welsh councils demand fresh powers
14/10/2008
Local authority leaders across Wales have asked ministers to give them the same powers as English councils to tackle the worsening housing crisis.
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Purnell 'shocked' by LHA claims
13/10/2008
The work and pensions secretary James Purnell has said he is ‘shocked and concerned’ about the size of payments made under the new fixed-rate housing benefit regime.
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Icelandic failures threaten associations
13/10/2008
The National Housing Federation has called on the government to protect money housing associations have deposited in failed Icelandic banks.
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Battered accounts reveal extent of downturn damage
10/10/2008
The housing association financial reporting season has revealed plummeting profits and eye-watering writedowns among some of England’s largest social housing developers.
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Cracks begin to show
10/10/2008
As landlords cut jobs, how immune is the social housing sector to the effects of the credit crunch? Simon Brandon reports.
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Lenders voice Scottish spending spree fears
10/10/2008
Lenders’ tightening purse strings are likely to damage the Scottish Government’s plan to fund a £100 million housing association spending spree.
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Low-cost deals are ‘confusing’
10/10/2008
The continued introduction of new low-cost homeownership deals will put extra pressure on housing associations struggling to deliver house building targets, London’s largest associations have warned.
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Rescue questions
08/10/2008
If securing the future of the banks is worth borrowing an extra £500 billion what is it worth to secure the future of homes?
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Cash injection for Scottish developments
07/10/2008
The Scottish Government has announced how it plans to spend the first £9 million slice of its £100 million housing market rescue package.
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Brown creates housing advice council
03/10/2008
Prime minister Gordon Brown has established an ‘economic council’ to help the country through the global financial crisis.
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Repossessions query blanked
03/10/2008
The Ministry of Justice has refused to expose the mortgage lenders and landlords repossessing the most homes because it could harm their businesses.
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Tories: development a benefit not a threat
03/10/2008
Councils that allowed their populations to expand through new housing developments would keep the extra taxes the newcomers pay, under Conservative plans to erase the party’s nimby image.
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Genesis and Notting Hill in merger talks
01/10/2008
Genesis Housing Group is exploring a merger with Notting Hill Housing, Inside Housing has learned. The merger is being considered as Genesis continues a major development drive that the Housing Corporation has said will weaken its financial position.Genesis subsidiary Paddington Churches Housing Association expects to boost income from new and existing stock sell-offs from £66 million to £633 million over the next few years, its annual accounts show.A Genesis spokesperson said the figure ...
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Expert predicts more 'Ujima-style' failures
23/09/2008
Two housing associations are likely go bust in the next 12 months in ‘Ujima-style circumstances’, the chief executive of the Housing Finance Corporation has warned.
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Shared ownership creates headache for lenders
22/09/2008
Risk-wary lenders are struggling to price shared ownership mortgages, leading to calls for more understanding of low cost home ownership across the banking sector.
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Experts fear impact of HBOS takeover
22/09/2008
Lloyds TSB’s takeover of the struggling HBOS group has sparked fears about the role the giant bank could play in social housing finance.
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Economists ditch price rise prediction
19/09/2008
The economists behind the National Housing Federation’s house prices report, Home Truths, have ripped up their forecasts as the market spirals rapidly downwards.
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Big bond success
19/09/2008
Affinity Sutton has raised £250 million through the first bond issue by a single housing association in five years.
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In limbo
19/09/2008
As the credit crunch takes hold, builders are packing up their tools and residents are left living among half-finished developments.
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Party moots £90 billion splurge for authorities
19/09/2008
Senior Liberal Democrats are calling for councils to go on a £90 billion spending spree with borrowed cash to boost their housing stock.
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Going, going gone
18/09/2008
They were once a triumph of mutual ownership and self-improvement, run not for profit but to extend housing options to ordinary people. But they got greedy.
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Kier house sales fall by a third
18/09/2008
Builder Kier has reported a 35 per cent fall in its house sales in the second half of its trading year.
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Associations to net £300m from rescue scheme
17/09/2008
Housing associations stand to accrue up to £295 million from taking part in the government-backed mortgage rescue scheme, according to official estimates.
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Cable: stop 'gambling' with homes
16/09/2008
The Liberal Democrat shadow chancellor Vince Cable has called for an end to the use of homes as ‘gambling chips’.
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Berkeley reports 50 per cent drop in sales
16/09/2008
House builder Berkeley has reported a 50 per cent drop in sales compared with its historical average.
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Crunch time for the social housing sector
12/09/2008
Auditors Baker Tilley have carried out a survey of senior housing association executives to establish the impact the credit crunch is having on social housing.
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Agency reveals big plans for PFI
12/09/2008
The housing private finance initiative will be revamped and given a beefed up role under the new Homes and Communities Agency, the man put in charge of the programme has said.
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Brown’s plans lay foundations but will not finish job
12/09/2008
When Gordon Brown unveiled his housing market crisis plan last week, he created a rare moment of unity in the housing world.
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CIH suggests spreading of authorities’ historic debts
12/09/2008
The government should look at sharing out councils’ housing debts between all local authorities, the Chartered Institute of Housing has suggested.
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Landlords unprotected against crunch fallout
12/09/2008
Most social landlords expect their counterparts to be hit by large financial problems in the next year – but a third have done nothing to plan for the risk.
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Model is broken say mega-associations
12/09/2008
UK housing policy is ‘broken’ and will not deliver the number of social homes the government wants, some of the country’s most powerful housing associations have warned.
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Pay attention to those in the know
12/09/2008
Housing associations represent arguably the most successful public private partnerships ever.
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The good old days are over
12/09/2008
With a target of 3 million new homes by 2020 and a housing market in paralysis, last week’s government announcements are good news.
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What doesn't kill you...
12/09/2008
The credit crunch is here to stay, says Victor Adebowale, but we will emerge stronger
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Builder doubles affordable housing profits
11/09/2008
Galliford Try more than doubled its profits from affordable housing and regeneration in the year to 30 June, it reported today.
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Social housing props up Barratt sales
10/09/2008
Social housing is making up an increasing proportion of sales for house builder Barratt, as the overall market falls.
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Redrow calls for support as market collapses
09/09/2008
House builder Redrow has urged the government to take further action to prop up the housing market, as its profits slumped.
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Gloom and boom
08/09/2008
Just like a blockbuster that packs in plot twist after twist, the credit crunch just keeps the surprises coming.
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Associations win grant rates battle
05/09/2008
Housing associations are to be offered more generous government grants in a bid to keep them building through the housing market crisis.
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Councils urge DWP to strengthen rent bridge
05/09/2008
The government must pour more money into a pot it provides to bridge the gap between housing benefit and rent, council umbrella groups have demanded.
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Councils’ lending pleas ignored
05/09/2008
The government has rebuffed lobbying by councils that wanted it to help them become mortgage lenders.
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Gordon Brown's vision still falls short
05/09/2008
Gordon Brown’s government is often slated for a lack of vision. Yet in among the mixed bag of housing market proposals this week was a genuinely exciting proposal.
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Landlords called to action
05/09/2008
The prime minister has placed housing associations centre stage in his plans to bail out struggling homeowners and entice buyers back to the market.
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Loan restructure a ‘vote of confidence’
05/09/2008
Nationwide Building Society and HSBC have agreed to restructure a £93 million loan to Network Housing Group – without major changes to the original deal.
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Saving phase
05/09/2008
With house building stagnant, what measures can be taken to ensure that deals are done?
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Third time lucky?
03/09/2008
The best that can be said for the housing market rescue package - the third so far this summer - is that at least it shows some signs that the government is starting to get its head round the scale of the problem.
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CLG bins efficiency goals to revive build rates
02/09/2008
Housing associations are to be offered more generous government grants to keep them building through the housing market crisis.
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Blears announces £1bn rescue package
02/09/2008
The government has freed up an extra £400 million from its affordable housing budget to give an immediate boost to social housing supply.
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Scots demand tax relief on affordable homes
02/09/2008
The Scottish communities minister is calling for freedom from Treasury tax rules to stop affordable housing being blighted in rural areas.
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Politicians slam government 'indecision'
01/09/2008
Politicians from the leading opposition parties have called for the government to stop ‘dithering’ over support for the housing market.
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Associations should buy out struggling homeowners
01/09/2008
Housing associations should be encouraged to buy shares in the homes of householders facing repossession, an influential professional body has claimed.
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Councils set to gain housing powers
29/08/2008
The government is considering giving councils greater power to intervene in the housing market.
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‘Let councils sell mortgages’
29/08/2008
Councils could ease pressure on housing departments and help the government slash temporary accommodation figures by providing their own mortgages, leading local government figures have claimed.
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Between a rock and a hard place
29/08/2008
Some councils have been ringing the death knell for the government’s fiendishly complex finance regime with abandon.
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Lambeth's budget loss soars
29/08/2008
A London council which overspent its homelessness accommodation budget by millions of pounds last year is projected to turn in a worse performance this year.
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Social home surge
29/08/2008
Volume house builders are piling into the social sector in a bid to shore up their businesses against the sales slump.
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House price drop hits double figures
28/08/2008
House prices continued to fall in August, pushing the annual drop over 10 per cent for the first time since 1990.
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Taylor Wimpey issues market warning
27/08/2008
House builder Taylor Wimpey has warned that the ‘very challenging’ UK market shows little immediate sign of recovery.
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Buy-to-let lending holds up as market falls
26/08/2008
The buy-to-let market is holding up well compared to wider mortgage lending.
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Bovis slashes jobs as profits plummet
26/08/2008
Builder Bovis has reported a huge slump in first-half pre-tax profits, down to £11.7 million in 2008 from £58.4 million for the same period last year.
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Market downturn threatens shared ownership
26/08/2008
The Housing Corporation has warned that shared ownership tenants and landlords face ‘difficulties’ in the downturn as selling becomes harder.
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An affair to remember
22/08/2008
The report into the collapse of Ujima Housing Association has been published and digested. Inside Housing asked a panel of experts what they made of it.
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Bid to boost shared equity sales
22/08/2008
A group of housing associations are in talks with a leading property consultant about outsourcing the marketing of hundreds of shared ownership properties.
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Councils square up for a fight
22/08/2008
Worried councils are drawing up battle plans to keep hold of hundreds of millions of pounds in payments which help them repair homes and keep their tenants’ rents down.
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Everything must go
22/08/2008
Cash-strapped German councils are selling their homes to private investors. Simon Brandon looksat how the shift from not-for-profit provider to moneymaking venture is affecting communities
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Fight must be fair
22/08/2008
A slow and lingering death is council housing’s predicted fate if the government mishandles its finance regime reforms. Even Whitehall admitted as much in a briefing paper as far back as May.
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Government underspends on supply
22/08/2008
The Communities and Local Government department spent £255 million less than planned on improving housing supply and meeting demand last year, its accounts have revealed.
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New regulatory era could see big fish go hungry
22/08/2008
The big fish in the social housing sea have often welcomed the chance to dine on their ailing cousins.
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Referee not rescuer
22/08/2008
Peter Marsh, chief executive designate of the Tenant Services Authority, has initiated a welcome ‘national conversation’ about the future of regulation.
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Solidity of Dutch guarantee is tempting in troubled times
22/08/2008
The demise of Ujima Housing Association at the end of last year was a wake-up call both to housing associations and to the bankers that have lent them billions.
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Persimmon looks to affordable homes
21/08/2008
House building giant Persimmon is focusing on its affordable housing work after reporting a sharp fall in sales.
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Public sector work keeps Kier profits stable
21/08/2008
Strong growth in the public sector has seen property giant Kier Group post a slight fall in year-on-year profits to £140 million compared to last years £148 million.
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Housing debt soars in Scotland
20/08/2008
Scottish housing debt is expected to rise by five per cent by March next year, the first increase for more than a decade.
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Pressure yields Scots buy-up fund
20/08/2008
The Scottish Government has bowed to pressure from struggling developers and housing associations by handing social landlords £100 million to buy up unsold homes and land.
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House price slump drives lettings
19/08/2008
Falling house prices are driving a boom in the rental market, figures from the Royal Institution of Chartered Surveyors have revealed.
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Price cuts fail to ignite housing market
18/08/2008
Falling house prices are failing to restart the stagnant property market, according to property website Rightmove.
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Health check shows shared ownership slide is worsening
15/08/2008
The slowdown in shared ownership sales has spread in the past three months, according to the Housing Corporation’s latest financial health check on developing associations.
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Market for retrofitting worth £6.5 billion
15/08/2008
Retrofitting existing housing stock to make it green could be worth £6.5 billion a year to builders, according to research from Oxford University.
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Pressure on to slash costs
15/08/2008
Housing associations will come under pressure to slash their management costs by hundreds of millions of pounds when the Tenant Services Authority is set up.
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Rescue plans go Dutch
15/08/2008
Senior housing figures are drawing up plans for an emergency fund to rescue social landlords in danger of going bust.
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Whistleblower contests Ujima inquiry evidence claim
15/08/2008
A whistleblower who warned the Housing Corporation of Ujima Housing Association’s imminent financial collapse has spoken out after claiming he was misrepresented in a report into the association’s demise.
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Builder looks to housing associations for sales
14/08/2008
Newcastle-based house builder Bellway is looking to housing associations to shore up its struggling market.
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Aggressive response to recession
12/08/2008
Building firm Rok has announced plans to cut back work for commercial developers and ‘aggressively’ expand its social housing business in anticipation of a coming recession.
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Falling price of flats drives market slump
12/08/2008
The falling price of flats is driving the slump in the housing market, according to government figures.
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Regeneration areas hit by market slump
12/08/2008
Regeneration areas have been hit harder by the property market slump than other types of development, according to figures.
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Good news and bad news
08/08/2008
Mortgage arrears up 20%. Repossessions up 41%. No surprises, says the Council of Mortgage Lenders (CML), in a press release that makes you wonder how it would react to really bad news.
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‘Dark days’ predicted as repossessions soar
08/08/2008
Repossessions shot up by nearly 50 per cent in the first half of 2008 compared with the same period last year.
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Battle for councils to build is won but war is far from over
08/08/2008
Politicians and professionals call for substance behind housing minister’s ‘level playing field’ promises
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Bonds bounce back
08/08/2008
The Housing Finance Corporation has issued its first new bonds since the start of the year.
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Councils set to lend cash
08/08/2008
Local authorities could become mortgage lenders to first-time buyers and homeowners facing repossession, under proposals being developed by London Councils.
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Poll shows dissatisfaction with HRA
08/08/2008
The vast majority of housing officers in the Association of Retained Council Housing group believe councils should have control over their social housing finance.
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Forecast: changeable
07/08/2008
Even by the recent standards of housing market forecasting, seven weeks must represent some kind of record for admitting you got it wrong.
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Infrastructure levy could 'top up' affordable housing funds
06/08/2008
Builders could be made to contribute to affordable housing through a new infrastructure charge, the government has revealed.
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Lenders told to avoid repossessions
05/08/2008
The financial services watchdog has warned lenders to treat borrowers fairly after a surge in repossessions.
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‘Paper tiger’ regulator could have saved Ujima
01/08/2008
The staff and board of the Housing Corporation share responsibility for the failings in the regulation of Ujima Housing Association, the agency’s chair admitted this week.
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About face for Labour
01/08/2008
For years, the Labour hierarchy has attempted to head off calls for direct investment in council housing.
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Association lost £28m in two years
01/08/2008
Financial basket case Ujima Housing Association lost £28 million in two years after embarking on a disastrous land-banking binge, the inquiry into its collapse revealed this week.
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Campaigning council plans to use CLG officer in HRA protest
01/08/2008
The council that urged tenants to take to the streets in protest at the housing finance system will put an officer from the Communities and Local Government department in charge of its campaign.
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Ethical expansion into housing finance
01/08/2008
Ethical bank Triodos has announced plans to snatch ground in the housing association market from mainstream lenders hobbled by the credit crunch.
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Missing the mark
01/08/2008
Councils’ decent homes budgets can barely fix the basics, much less stretch to meet the wishes andaspirations of tenants
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Regions to bid for £90 billion of development cash
31/07/2008
The nine English regions have been asked to outline how much money they want to spend on housing over the next decade.
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Guarantee to stoke confidence
29/07/2008
The government may have to guarantee billions of pounds worth of mortgage bonds to stoke investor confidence in the flagging housing market, a major report claims.
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Money back guarantee?
29/07/2008
On the very day that an independent report tells the government that it may have to guarantee billions of pounds worth of mortgages, new figures reveal that the number of new home loans has fallen to the lowest level since records began.
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Questions remain over Ujima
28/07/2008
It was an independent inquiry, so the launch of the report into the collapse of Ujima Housing Association wasn’t held in the Housing Corporation’s Tottenham Court Road HQ.
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Swimming against the tide
28/07/2008
The National Housing Federation makes a prediction today that at first sight appears so bold that you wonder if it’s a misprint: house prices to rise 25% over the next five years.
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Corporation 'over cautious' in regulation of Ujima
28/07/2008
The collapse of England’s biggest black-led housing association might have been avoided had the Housing Corporation stepped in earlier, the independent inquiry into the affair has found.
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Completion rates plummet in slowing market
28/07/2008
The number of completions per month has fallen by 39 per cent in the last year, according to the latest government figures.
-
Social housing investment threatened by price rises
28/07/2008
The drive to increase the availability of social housing must not be derailed by falling house prices, the National Housing Federation has warned.
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Look for the silver lining
25/07/2008
Every cloud has a silver lining: the private sector housing crisis could benefit social landlords.
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Meet the victims of the crunch
25/07/2008
From prospective tenants to out-of-work builders, the credit crunch has claimed victimsfrom across the housing world. Simon Brandon profiles five of the worst-hit groups.
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Shared ownership surges
25/07/2008
Housing associations saw a surge in shared ownership sales over the past six months following the withdrawal of 100 per cent mortgages by high street lenders.
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Sleight of hand? Government plans to fight the crunch
25/07/2008
Last week housing minister Caroline Flint opened up a box of tricks designed to save England from the worst ravages of the credit crunch.
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Unfavourable conditions do shared equity no favours
25/07/2008
For governments, arm twisting cash out of the private sector is a bit like winning a golden egg-laying goose in a raffle.
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Weather the storm
25/07/2008
Social landlords are vulnerable and should protect themselves
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Over there now, over here next?
24/07/2008
So far the UK housing market has followed the US one with a time lag of about a year so our government must be crossing fingers, toes and everything else watching the passage through Congress of a housing rescue bill worth anything up to $100bn (£50bn).
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Rents to soar as sales market falters
22/07/2008
Private sector rents are likely to shoot up by 10 to 15 per cent annually according to a new report from Reading University.
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Bad to worse
21/07/2008
This morning’s forecast of 2m unemployed by 2010 by the respected Ernst & Young ITEM Club is worrying news for the housing market on any number of levels.
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Welsh associations encouraged to borrow against assets
21/07/2008
The Welsh Assembly Government has announced a shake up of housing association finance.
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Councils receive share of £510 million fund
18/07/2008
The government has announced how a £510 million fund to ensure land is available for housing development will be allocated.
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Local housing companies
18/07/2008
Public and private sector come together to build more homes.
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Getting fit for the future
18/07/2008
With a new political era on the horizon, Tim Dwelly believes that now is the time to win friends and influence people
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New regime’s first victim
18/07/2008
Presentation Housing Association has become the first casualty of a tough new regulatory regime which will take a much harder line on uncooperative landlords.
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No spending limit on developer sell-offs
18/07/2008
The government has removed the limit on the amount of grant money housing associations can use to buy up homes private house builders are struggling to sell.
-
Slow starter
18/07/2008
Council tenants don’t seem interested in social homebuy. Neil Merrick asks why the scheme is struggling to get off the ground.
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Tax threat for associations
18/07/2008
Charitable housing associations tempted to sell hard-to-shift shared ownership properties to people on high incomes could be hit with massive tax bills when they file their accounts.
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Pathfinders sign up to local funding pilot
17/07/2008
Three of the first seven areas to try out a new local funding model have chosen housing as a priority for investment.
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Another one along soon
17/07/2008
Another week, another rescue package, another response to the housing market crisis that fails to do much apart from give the impression that the government is doing something.
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Credit crunch scuppers homeownership plans
17/07/2008
The government’s ambition of attracting billions of pounds of private sector cash into homeownership products has been dashed by the credit crunch.
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Getting their reaction in first
16/07/2008
It’s unusual to say the least for a leading interest group to try to pre-empt the outcome of an independent government review based on press speculation that it is not going to give them what they want.
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Flint launches housing market rescue package
16/07/2008
Housing minister Caroline Flint today unveiled a package of measures to tackle the housing market crisis and protect long-term targets for new homes built.
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Be grateful for buy to let?
15/07/2008
So buy to let has helped stabilise the housing system?
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Councils hit by sweeping budget cuts
14/07/2008
Councils in Scotland are facing an average 16 per cent cut in their affordable housing funding.
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Watchdog steps in at Presentation
14/07/2008
Presentation Housing Association has been placed under supervision by the social housing regulator following concerns over its governance.
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No guarantees
14/07/2008
Just when you think things can’t get any worse in the housing market, they do just that.
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Finance changes 'essential' for quality housing
14/07/2008
Major changes to the way council housing is financed are now inevitable, a leading finance expert has predicted.
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Builders face toughest times as they shed jobs
11/07/08
One of the country’s most prolific developers has warned that annual house building rates could soon plunge below 100,000, after experiencing its ‘most challenging’ period in recent history.
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Chill factor
11/07/08
Nick Clegg is predicting a winter of discontent. Philippa Ward finds out what the Liberal Democrat leader would do to beat the freeze.
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City links
11/07/08
Housing markets are undeniably local, yet policy makers maintain a national focus. That needs to change, argues Adam Marshall
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Council puts blame for failure to achieve decent homes on HRA
11/07/08
When Waverley Council formed in1974 it inherited so much countryside it won the title of the most densely populated authority in England – in terms of trees at least.
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Councils rob Peter to pay for Paul’s decent home
11/07/08
Whitehall targets have a habit ofbending under the weight of practical realities.
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Icebergs ahead
11/07/2008
Every day brings further evidence of an economic downturn.
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Landlords return to capital markets
11/07/08
Housing associations are turning back to the capital markets as they struggle to raise the huge loans they need from the beleaguered banking sector.
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Napier: support at this ‘critical time’ will give HCA a fighting chance
11/07/08
The man appointed to chair the Homes and Communities Agency has described the next five months as a ‘critical time’ for those tasked with helping the ailing industry.
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Pathfinders turn to plan B
11/07/08
Organisations set up to fix failing housing markets in the north of England are plotting major back-up plans to keep new build programmes on track in the face of shrinking investment.
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Crashes, cassandras and confidence
10/07/2008
The housing market increasingly resembles an imminent train crash that only some people can see.
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Scottish regulator reveals its hit list
10/07/2008
Scotland’s new housing scrutineer has released a list of 10 landlords it will be keeping a close eye on.
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London mayor releases £60m for empty homes
09/07/2008
The Mayor of London has made good on his manifesto commitment to spend £60 million bringing empty homes back into use.
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Redundancies soar at house building groups
09/07/2008
Two major house builders have announced they will each be making around 40 per cent of their workforces redundant.
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Innovative consultancy forced into administration
08/07/2008
Top affordable housing consultancy Avebury International has gone into administration after an ‘absolutely catastrophic’ response to the economic downturn.
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Leading house builder lays off 1,100 staff
08/07/2008
House building giant Persimmon has made 1,100 workers redundant after the ‘most challenging period’ in its recent history.
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State of the nation
04/07/2008
Housing association grant in Scotland is being cut in a bid to boost efficiency. Has the government miscalculated? Mike Lloyd reports.
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Keep it simple, stupid
04/07/2008
Fixed rate mortgages from the state may be one simple solution to the housing crisis.
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Huge problem needs huge solutions
04/07/2008
‘We’re too busy thinking about Taylor Wimpey to talk about Caroline Flint.’
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Record number of credits awarded
04/07/2008
North Tyneside Council has been awarded £100 million in private finance credits from the Communities and Local Government department to transform 32 sheltered housing schemes.
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Call for privatisation
04/07/2008
Social housing should be privatised by removing all subsidies apart from a flat-rate housing benefit, according to a new study.
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Downgraded landlord plans Merseyside sell-off
04/07/2008
Servite Houses is considering selling off all its Merseyside properties as part of a plan to get its business back on track.
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Eco-conscious EP chair appointed to steer agency
04/07/2008
A former conservation boss who branded developers ‘dinosaurs’ has been named chair of the Homes and Communities Agency.
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Harvest’s tax haven
04/07/2008
A northern housing association has set up a joint venture company in Jersey in order to help one of its partners reduce its tax bill.
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Internal investigation launched after council blows its budget
04/07/2008
A London council has launched an internal investigation following a huge overspend.
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Pat on the back for efficiency, but some must do better
04/07/2008
Housing associations could be forgiven for raising a collective quizzical eyebrow last week.
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Regulator to open up free-for-all on bids
04/07/2008
The Housing Corporation is to rewrite its rulebook to allow landlords to bid for grant any time they want.
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Rescue bid a ‘token effort’
04/07/2008
Housing minister Caroline Flint this week unveiled a package of measures to prop up the ailing housing market – but major house builders warned it was nowhere near enough.
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Swindlers’ list comes to light
04/07/2008
The Housing Corporation has released details from its list of housing association fraud for the first time, following an Inside Housing freedom of information request.
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Whitehall urged to tear up subsidy rules
04/07/2008
A huge coalition of housing organisations has called for the government to rip up its current housing finance regime and start again.
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Getting it wrong
03/07/2008
When house builders spend billions acquiring their rivals just as house prices peak it’s hardly surprising that the government too can get the housing market wrong.
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Government acts to make house building easier
03/07/2008
Housing minister Caroline Flint this week announced a raft of measures to get the languishing house building machine moving again.
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Launching the lifeboats
02/07/2008
Today might have marked the beginning of the end of the housing crisis.
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Tax guidance threatens low-cost homes
01/07/2008
The umbrella body for housing associations has warned that extra costs will be piled on them following the publication of guidance setting out when low-cost home ownership should be taxed.
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Cold steel
01/07/2008
As the government’s housing agencies work on the market rescue plan demanded by housing minister Caroline Flint, one consolation is that at least they have some inside knowledge of the market where prices are falling fastest.
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Credit where it's due
30/06/2008
It’s far removed from their key role of providing new affordable homes but housing organisations’ work on financial exclusion has just as big an effect on the lives of the communities they serve.
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Corporation warns landlord over viability
27/06/2008
The Housing Corporation has stripped Presentation Housing Association of its ability to access aff ordable housing cash after sounding a warning about its fi nancial viability.
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Little and often
27/06/2008
Bidding for development cash at regular intervals allows for greater flexibility in uncertain times. Neil Merrick reports
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Scrutiny forces HAs’ hands
27/06/2008
Housing associations’ plans to restructure their businesses are coming under pressure from lenders.
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Spoilt for choice
27/06/2008
Individual budgets empower, but there are pitfalls, says Chris Hampson
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Welsh review reveals host of opportunities
27/06/2008
Housing associations in Wales will be encouraged to borrow much more money, following a large-scale revamp of regulation.
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The credit crunch
24/06/2008
How dodgy US mortgages are affecting our social housing.
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Housing market packages
20/06/2008
Could housing associations cash in on the crumbling property market?
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A win-win situation
20/06/2008
A London borough is forging ahead with one of the first major builds by a local housing company. Simon Brandon talks to Ken Jones, the man running the show.
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Bubble burst is for the best
20/06/2008
I’ve been confidently predicting an imminent housing crash for about seven years – during which time house prices doubled.
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Chairs told to beware of the crunch
20/06/2008
The chair of the Housing Corporation has warned all housing association chairs to be aware of the dangers the credit crunch poses to their organisations.
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Chiefs make rescue plans
20/06/2008
Government agencies are drafting rescue plans to entice investors into the house building market and release more public sector land, following a cry for help from housing minister Caroline Flint.
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Homebuy criticised as too expensive and complicated
20/06/2008
A government scheme to allow tenants to become homeowners has proved expensive, unpopular and has helped just 10 per cent of the people for which it was funded.
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Joining the club
20/06/2008
Long denied access to affordable homes grant, MHS Homes has finally won a slice of the cake. Kate Murray finds out how it’s spending the cash.
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Mixed tenure grounded by credit crunch turbulence
20/06/2008
Housing associations were warned last week that they are facing a tsunami- sized financial challenge.
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Must we pay our board members?
20/06/2008
Simon Brandon raises an important issue on board payment (Inside Housing, 13 June), but as a solution to poor governance, I do not think paying a notional few pounds is likely to attract board members of sufficient motivation or skill.
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Private finance can be better invested
20/06/2008
Local authorities should make better use of private cash to fund extra care schemes, a new report has claimed.
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Raid on rescue cash
20/06/2008
A consortium of housing associations from across England is set to bid for up to half of the £200 million rescue package launched by the government last month, Inside Housing has learned.
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Tread carefully
20/06/2008
Landlords will need government help to kep building through tough economic times. But there are opportunities as well as risks, says Circle Anglia’s Mark Rogers
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Trouble at the top
20/06/2008
Inside Housing’s annual look at the top 50 developing housing associations reveals a dark shadow looming over them all: the credit crunch. Chris Bazlinton reports.
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All change please
13/06/2008
His message is one of radical reform, but are housing associations ready to hear it? Kate Murray speaks to Genesis chief Anu Vedi
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Associations forced to scale back build plans
13/06/2008
One of the top five developing housing associations has seen a quarter of its 1,000-unit a year programme stall because of the credit crunch.
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Come together
13/06/2008
What is the true picture behind the apparent frenzy of merger activity among housing associations? Hal Pawson reports.
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Home Group’s rating warning
13/06/2008
Cost overruns and the absence of stable leadership at one of England’s biggest housing associations could see its credit rating lowered, ratings agency Standard & Poor’s has warned.
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Last man standing
13/06/2008
With the credit crunch biting, many lenders are bowing out of social housing. Steve Amos isn’t one of them.
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Leaders need to hold their nerve
13/06/2008
To borrow a line from Housing Corporation boss Steve Douglas, who in turn borrowed it from Donald Rumsfeld, we’re facing a known unknown.
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Learn best practice from Scotland
13/06/2008
I noted in the article ‘Safety net for repossession victims’ (Inside Housing, 30 May) that the National Housing Federation has set up a working group to look at the scope for housing associations to buy out homeowners with severe debt problems.
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Minister’s wish: an end to the credit crunch
13/06/2008
Housing minister Caroline Flint has named escaping the devastating impact of the credit crunch as her most pressing challenge as she plots the government’s home building drive.
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Pathfinders seek answers on demolition
13/06/2008
The organisations created to fix failing housing markets in the north of England are part-funding research to help them make the legal case for demolition projects.
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Steep descent
13/06/2008
No one wants to talk numbers. Where once the big developers were keen to trumpet their house building records from the rooftops, now they are reluctant to talk about how many homes they will build by the end of 2008.
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The F word
13/06/2008
Caroline Flint has been housing minister for fewer than five months, during which efforts to tackle a serious housing supply problem have been overtaken by a housing market crisis of gloom-ridden proportions. ‘My feet haven’t really touched the ground,’ she says.
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Tough talk to end supply crisis
13/06/2008
Councils should get £2 billion to bail out homeowners struggling to pay their mortgages, a think tank has argued.
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Buy-to-let specialist suffers losses
06/06/2008
A bank that pulled out of social housing finance to concentrate on the more profitable specialist mortgage market has announced pre-tax losses of £8 million in the first for months of 2008.
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Corporation should have stopped this nonsense
06/06/2008
Rob Wilson, Conservative MP for Reading EastThe collapse of Ujima Housing Association is a stark warning to the government and the entire sector.
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Private rented sector boosted by mortage pain
06/06/2008
The government may want to see more of it but new research has revealed that homeownership is hitting people right where it hurts.
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Residents cut themselves off
06/06/2008
A study of residents who use pre-paid gas and electricity has revealed 14 per cent of households have cut themselves off for at least a day over the last year to save money.
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Ujima: why didn't anyone step in?
06/06/2008
The charismatic chief executive of Ujima Housing Association made no secret of his ambition for the thriving organisation he took control of in January 2006.


