The much trailed proposed changes to Category 6 (on-lending) were in the end not as extensive as anticipated: RPs can on-lend to group members fundamentally, as before, except if the lending is index linked. The whole Category 6 excludes subsidiaries of RPs with unregistered parents.
Category 8 has been varied so the exemption for charges to local authorities to enable the purchase, construction, conversion or refurbishment of unoccupied social housing does not apply when the funding is a loan from a local authority. This means that specific consent would be needed if an RP is borrowing money from a local authority for the purpose outlined above. This may well be an issue for RPs who currently obtain funding from local authorities.
For more information please contact Emma Hardman on 0121 214 3617 or at emma.hardman@anthonycollins.com.
Latest news
Double partner hire for housing and property team
Digby Morgan and Kate Davies join social purpose law firm, Anthony Collins’ housing sector and property team enhancing its expertise in affordable housing development, stock rationalisation and regeneration.
Friday 11 April 2025
Read moreStaying friends through a split
More couples are choosing to divorce as amicably as possible, demanding an increase for specialist mediation services and less contentious options, such as ‘collaborative law’. But is it really possible to split and stay friends?
Wednesday 19 February 2025
Read moreLatest webinars and podcasts
Podcast: Service charge and estate charge for registered providers
In this episode, Penny Bournes and Emma Lloyd examine how the Leasehold and Freehold Reform Act 2024 will impact private registered providers, particularly in terms of service charge administration, cost […]
Wednesday 19 March 2025
Read morePodcast: Service charge and estate charge for local authorities
In this episode, Penny Bournes and Emma Lloyd examine how the Leasehold and Freehold Reform Act 2024 will impact local authority landlords, specifically regarding service charges and estate management charges. […]
Monday 3 March 2025
Read more