Carol Matthews Archive

S.133 – the sequel

In the wake of the Housing Act, RPs and their advisers have been assessing the impact of deregulation on valuations and the ability of RPs to manage their assets in a more commercial way.

Lifting the S133 restriction becomes a reality

As many readers will be aware, we have been lobbying for a number of years, alongside the Longhurst Housing Group and the National Housing Federation, for the repeal of the section 133 restrictions in titles of LSVT properties to create what will almost be a “level playing field” between traditional and LSVT Registered Providers in terms of their stock values.

A brief history of nearly everything about social housing finance

The history of social housing finance makes interesting reading and we have been involved in its story since the early 1980s when we helped set up what is now one of the largest housing groups in the country. Working on the precedents established by philanthropic associations such as the Peabody Trust and the William Sutton Housing Trust, housing associations established in the 1970s and 80s were funded by the Housing Corporation, which provided grant funding and took charges over the housing stock directly.

Housing Bill amendments

Savills and JLL have been working closely with Treasury on the aspects of the new housing bill which will give some comfort to funders. Some of these changes align the administration rules for an RP more closely with insolvency rules and others relate to the mortgagee exemption clause.

Increasing sector borrowing capacity

With grant funding now heavily constrained to support new developments, the amount of available security required to borrow against will become a real issue in the next few years for housing associations. In this article, Carol Matthews describes a possible mechanism for significantly increasing the sector’s lending capacity.

Court of Appeal decision regarding starter tenancies

Mandatory Possession Order upheld by the higher Court. A Court of Appeal decision, handed down on 13 March 2012 may be helpful in defeating article 8 defences to action taken to recover possession during the starter tenancy phase. In May 2009, Mr Jack Haycraft was issued with an assured shorthold ‘starter’ tenancy by West Kent Housing Association with the intention that, if he completed the probationary or trial period satisfactorily, this would convert to a full assured tenancy.
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