Tuesday, 21 October 2014

Guidance spurs five councils to transfer stock

Long-awaited government guidance on stock transfer rules published on Monday has paved the way for a new wave of stock transfers.

Five councils have been in discussions with the Treasury and the Communities and Local Government department about carrying out stock transfers - all of which must be completed by March 2015.

These include Gloucester, Northampton, Salford, Durham and Lewisham. Gloucester’s arm’s-length management organisation, 4,800-home Gloucester City Homes, had previously planned to become the first community and council-owned organisation, but the idea was quashed by the Treasury.

Lewisham and Gloucester are still working through their stock options which include the possibility of transfer. However, negotiations with others including 12,000-home Northampton Councils, and Durham Council which has two ALMOs - East Durham and Dale and Valley - as well as its retained stock, are more progressed.

Salford Council has begun a competitive process with other landlords to decide the fate of the 10,500 homes currently managed by its ALMO Salix Homes, which is considering transferring.

Experts said the government guidance made it more ‘challenging’ for authorities to make the business case to justify a transfer.

Considering a transfer

  • Northamption
  • Salford
  • Durham
  • Lewisham
  • Gloucester

Readers' comments (3)

  • BlokeWithAConscience

    In order to maintain Security of Tenure and avoid mandatory eviction powers under Ground 8 of the Housing Act tenants are best advised to remain as council tenants. Housing Association rents are historically higher than council rents despite the recently jettisoned attempt at "convergence". Housing Associations are highly leveraged (borrowing) against the value of the tenants homes i.e. high risk. Furthermore there is the risk that any local small housing association is swallowed up by the bigger fish. What is needed is a mechanism to allow previously transferred council housing tenants to have the right to call a ballot to transfer back where the housing association is failing to deliver on its promises.

    Unsuitable or offensive? Report this comment

  • "What is needed is a mechanism to allow previously transferred council housing tenants to have the right to call a ballot to transfer back where the housing association is failing to deliver on its promises."

    The Offer Document soon gets forgotten does it not? Surely, councils have a duty to their former tenants to ensure any subsequent transfer adhers to the original Offer!

    Unsuitable or offensive? Report this comment

  • @ Poppy: out of sight, out of mind is the usual philsophy employed by councils and the new landlords..complerely agree with M8PB and in particulat Ground 8 where most council tenants are. Ignorant

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

sign in register

Newsletter Sign-up

More Newsletters



  • Councils race to complete transfers


    Local authorities left with little time to meet government’s March 2015 debt write-off deadline

  • Government agrees £65m debt write-off for council homes transfer

    28 May 2014

    The government has today agreed to write off £65.1 million of debt to allow a council to transfer 8,500 homes to its former arm’s-length management organisation.

  • Long awaited stock transfer guidance published

    12 November 2013

    Long awaited guidance on stock transfers from local authorities was published by the government today, paving the way for transfers to go ahead.

  • Transfer window


    The days when the next big stock transfer dominated Inside Housing are behind us, yet the publication of guidance for councils keen to pursue the revamped policy deserves more than a footnote.

  • Marching ahead


    An exclusive new survey reveals how local authorities are using freedoms under self-financing reforms to kick-start a new age of council house building. Kate Youde reports


  • The prefab way


    Hammersmith & Fulham Council is erecting pre-fabricated homes and Brighton has turned to shipping containers, Lydia Stockdale reports

  • Fighting back


    As the private rented sector continues to grow, so does the number of problematic landlords. Michael Pooler finds out how tenants are taking matters into their own hands to fight for better conditions

  • Housing lessons to learn


    With a week left to enter the Into Africa competition, Erick Kabendera reports from Dar es Salaam on the rise of affordable housing

  • A light in the dark


    The Lighthouse Project in Wales provides support to those most in need. Reni Eddo-Lodge finds out more

  • Trade secrets


    Can learning from other sectors help social landlords do their jobs better? Heather Spurr visits retail icon John Lewis with a number of landlords to find out

IH Subscription



You will soon need to sign into www.insidehousing.co.uk using your email address rather than your username.

If you are unsure which email address is linked to your account, please Click Here. Your password will remain the same.

If you have a print subscription we need to ensure that we have the correct details in order to link your subscription to your online account, for more information Click Here.

Click here to close window