Income Management

councils, repairs, auisterity, social housing

Councils seek to plug budget holes as rent cut bites

24/02/2017 | By Sophie Barnes

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

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Barratt boosts profits despite dip in homes built

22/02/2017 | By Pete Apps

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

For single use only on 24 February 2017

New Era: one year on Video

22/02/2017 | By Sophie Barnes

A year ago, the new landlord of a Hackney estate ripped up the rental rulebook. Sophie Barnes returns to Hoxton to find out how the personalised rents model has bedded in

David Orr

Orr hits out at government supported housing proposal

21/02/2017 | By Sophie Barnes

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

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Aberdeen council

Aberdeen association secures £12.5m loan

21/02/2017 | By Pete Apps

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

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Galliford Try reports 23% profit boost

21/02/2017 | By Pete Apps

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

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

20/02/2017 | By Pete Apps

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

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George Osborne holds up his briefcase for the media

NHF calls for rent freedom in Budget

17/02/2017 | By Sophie Barnes

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

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Global Accounts: associations' sales activity soars 39%

17/02/2017 | By Nick Johnstone

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

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Cala on course for record profits

16/02/2017 | By Pete Apps

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

Newbury

Sovereign secures £150m European investment

13/02/2017 | By Nick Johnstone

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

National flag of Wales

£30.5m loans for Bron Afon to build 450 homes

13/02/2017 | By Nathaniel Barker

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

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Barwell: no tenancy length increases for buy-to-let landlords

08/02/2017 | By Pete Apps

WHITE PAPER: The government has no plans to force or encourage buy-to-let landlords to increase the length of their tenancies, the housing minister has confirmed.

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

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

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

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

07/02/2017 | By Pete Apps

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

housing finance

AHF makes £25m loan to south Wales association

06/02/2017 | By Nathaniel Barker

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

Deal

Housing association strikes £85m deal with investment manager

06/02/2017 | By Sophie Barnes

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

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Barwell: longer PRS tenancies in White Paper

06/02/2017 | By Pete Apps

The government will look to increase the availability of longer rental tenancies as it seeks to boost institutional investment in Build to Rent in tomorrow’s Housing White Paper.

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Helen Rourke Trafford Housing Trust social housing finance

Why we embarked on a £275m refinancing deal

01/02/2017 | By Helen Rourke

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

Benefit cap

Scottish councils warn lower benefit cap putting pressure on DHP budgets

31/01/2017 | By Sophie Barnes

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

loan mortgage lending

CML backs HCA's independent regulator plans

30/01/2017 | By Tim Clark

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

rates fall low interest cost bond finance

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

30/01/2017 | By Tim Clark

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

funding

Giant higher education pension fund invests in supported housing

30/01/2017 | By Pete Apps

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

Deal

Trafford strikes £275m funding deal

24/01/2017 | By Nick Johnstone

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

Beds in sheds

'Rogue' landlords receive £2.3bn in housing benefit

23/01/2017 | By Tim Clark

One in every £10 spent on housing benefit in England goes to a private landlord letting a sub-standard home, according to new analysis by the Labour Party.

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Right to Buy: dreams and nightmares

20/01/2017 | By Pete Apps

An analysis of the Right to Buy extension pilot contains stark warnings about affordability and communication around exemptions. Pete Apps sifts through the detail

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Deal

Cheyne Capital buys £51.8m Croydon portfolio

20/01/2017 | By Nick Johnstone

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

development

German bank to fund Manchester PRS scheme

16/01/2017 | By Pete Apps

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

Scottish parliament

Universal Credit to be paid more regularly in Scotland

13/01/2017 | By Sophie Barnes

The Scottish Government plans to use its new social security powers for the first time to make Universal Credit payments more regular, it has announced today.

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Paragon issues £250m bond

AHF secures £114.8m record low bond

12/01/2017 | By Nick Johnstone

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

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Healey calls for answers over RTB financial risk

11/01/2017 | By Pete Apps

John Healey has called on the government to publish the measures it is taking to protect purchasers placing themselves in “significant financial risk” when buying through the extended Right to Buy.

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RTB pilots: one in four express interest but sales limited

11/01/2017 | By Pete Apps

A quarter of eligible tenants expressed an interest in buying their homes under the Right to Buy extension pilot, but affordability acted as a major drag on actual sales.

Shared ownership keys house buy

Association tenants exposed to 'significant financial risk' under RTB

11/01/2017 | By Pete Apps

Housing association tenants are taking on huge financial risk to buy homes through the extended Right to Buy, with high street banks offering mortgages of more than five times their income.

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Scottish Government announces £1.65m funding for housing support

09/01/2017 | By Sophie Barnes

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

Elderly woman receiving care at home

Councils to build specialist affordable rented homes with government cash

06/01/2017 | By Sophie Barnes

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

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Revealed: tenure breakdown for Affordable Homes Programme

06/01/2017 | By Sophie Barnes

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

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Moody's warns credit rating

EMH Group keeps stable credit rating

06/01/2017 | By Sophie Barnes

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

house building

Bidding open for government's affordable housing programme

05/01/2017 | By Sophie Barnes

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

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signing contract deal

Civitas buys £15m supported living portfolio

03/01/2017 | By Nick Johnstone

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

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Extra care scheme, Manchester

County council plans 600 extra care homes

21/12/2016 | By Sophie Barnes

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