Quarterly Review - New finance, strong operating cashflows, investment and market sale activity increase summarised for 2016

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14 March, 2017

On 28 February 2017 the Homes and Communities Agency published the latest quarterly survey covering the period 1 October to 31 December 2016. The report is based on regulatory returns from 236 private registered providers (PRPs) who own or manage more than 1000 homes.

The surveys acts as a source of information regarding the financial health of PRPs and sets out information such as the amount of borrowing by registered providers, lenders, the number of affordable home ownership homes and market sale homes built and sold. Alongside a programme of periodic In Depth Assessments and regular financial Stability Checks, it provides regulatory assurance on the sector's financial strength and the continued viability of individual providers.

Any areas of potential concern are followed up with the providers. The report has found overall the social housing sector has strong operating cashflows and access to sufficient finance to fund its forecast capital investment.

Some of this quarter's main findings include:

  • new facilities agreed in the quarter totalled £4.3 billion - this included the re-financing of existing debt as £1.8 billion was repaid
  • investment in new housing supply was £2.0 billion in the quarter
  • revenue from sales activity was higher than in the September quarter in both market sales and affordable home ownership (AHO) - however there was an increase in unsold AHO and outright sale stock.

The quarterly survey for Q3 (October to December) 2016 to 2017 is available on the HCA website.

For more information contact Sabina Patel in our Housing & Regeneration department via email or phone on 0333 207 1130. Alternatively send any question through to Forbes Solicitors via our online Contact Form.

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