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
Anthony Collins statement following Legal Aid Agency data breach
This data breach solely affects the Legal Aid Agency and is not connected to Anthony Collins. Further details and official updates can be found on the Government’s website. According to […]
Monday 19 May 2025
Read moreAnthony Collins ushers in Spring with a series of promotions
Social purpose law firm, Anthony Collins, announces 13 promotions and three lateral moves across the business, from partner level through to associate and across its business support teams.
Friday 9 May 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