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Scottish association deregistered after regulator forces assets transfer
A Scottish housing association has been wiped from the register of social landlords after previously being forced to transfer all its homes to a rival landlord for “serious” governance and financial management failures.
Kincardine Housing Co-operative, which manages homes in Portlethen, Fordoun and Stonehaven in Aberdeenshire, had its 72 homes transferred to Grampian Housing Association late last year after it was accused of putting tenants at “significant risk”.
The Scottish Housing Regulator used its statutory powers to direct a transfer of the assets, the first time it has used powers in this way involving a social housing landlord.
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The regulator revealed today it has removed Kincardine’s name from the list of social landlords as it “no longer manages or rents homes and no longer carries out social housing functions following the transfer”.
Ian Brennan, director of regulation at the Scottish Housing Regulator, said the landlord had been removed as it “no longer meets the criteria for registration”.
He added: “The deregistration of Kincardine marks the end of our statutory intervention in the co-operative.”
The regulator, which oversees around 160 registered social landlords and the housing activities of 32 local authorities, proposed the original transfer after a period of statutory intervention and investigations, which it said uncovered “serious governance and financial management failures, which presented a significant risk to the co-operative’s tenant and service users”.
A consultation among tenants had found 70% were in favour of the proposal.
