Stock rationalisation

We have grown considerably in recent years, through partnerships with other housing associations, developing new homes and acquiring stock. For us, stock rationalisation – whether we’re acquiring or transferring homes – is about consolidating our presence in certain areas in line with our strategy, to deliver cost efficiencies and a better service to residents.

Since 2004 we have acquired or transferred more than 2,700 homes, and we currently have proposals under consideration affecting a further 1,200 properties.

In early 2012, we completed one of the largest stock swaps in the housing sector – 1,400 homes – with Knightstone Housing Association, which will allow us to deliver more efficient local services to residents, while making savings that can be reinvested in the core business.

In September 2013 we produced a brochure, Trading Places: Efficiencies through stock rationalisation [pdf / 5.78MB], which explains our approach to stock transfers and the benefits it brings for both purchaser and seller.

We have a dedicated team responsible for all aspects of potential agreements, from making sure due diligence is carried out to communicating with residents. And their work is not done after the transfer takes place. We continue to keep residents engaged so we can understand their needs and carry out repairs and improvements to their properties.

Over the years, we’ve gained a great deal of knowledge about what works and what doesn’t in stock rationalisation deals. This has helped us create a model which accurately assesses the value of stock to the business.

In 2012 we commissioned Ark Housing Consultancy to write a report – Stock Exchange [pdf / 5.02MB] – on the stock rationalisation projects we’d carried out to date, so we could identify good practice and lessons learned. This was published in June 2012, to help other housing associations that are considering stock rationalisation.

We’re keen to talk to other housing providers about our approach to stock rationalisation, or about potential transfers. Call Micky Cummins on
01635 275131

Email Micky Cummins