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Statement from Swan Housing Association regarding sale of Colchester Private Rented Properties: 15 May 2018

Following on from this morning's coverage regarding homes in Colchester, we would like to confirm that we have served notice to four tenants, living in private rental properties in Colchester. This is in line with the two-month notice period set out in their private rental tenancy agreements. These four properties are part of a housing stock review of 14 privately rented homes, these homes are not social housing homes.  Swan is a not-for-profit organisation and all profits are returned to Swan for investment back into homes and services.

To ensure the effective management of its stock, Swan regularly assesses where best to place its resources to ensure it can better serve the communities it works in. These 14 private rented properties will be sold and the profits reinvested in new homes and services for our residents in line with Swan's social purpose.

Swan will not be terminating all 14 tenancies at once; this is being managed on a phased approach throughout the year, which will allow some tenants to remain in the properties longer, providing them time to make alternative arrangements over the coming months.

We understand that these private residents will be concerned about finding new homes. Hera Property Management Services are the managing agents for Swan and stand ready to assist these private tenants of the affected properties wherever they can. They can be contacted on 0345 683 8812 or by emailing them: info@heramanagementservices.co.uk.

COLCHESTER QUESTIONS AND ANSWERS

Why is Swan Housing selling the homes? 

Swan Group continuously reviews its housing stock to assess where best to place our resources, to ensure we can serve the communities we work in. These private rented homes are being sold to allow us to reinvest the proceeds into homes and services for our residents. We are a not for profit organisation and do not pay shareholders.  All proceeds from these sales will be invested in our social purpose - providing homes and services for our residents.

Are they all being sold at once? Or in phases?

Swan will not be terminating all 14 affected tenancies at once. This is being managed on a phased approach throughout the year, which will allow some tenants to remain in the properties a little longer providing time to make alternative arrangements over the coming months.

Why were tenants not given first refusal?

Some residents have already expressed interest in purchasing their property. Any resident wishing to look at the option of purchasing their property is encouraged to contact Hera Management Services on 0345 683 8812 or by emailing them: info@heramanagementservices.co.uk.

What support is being offered to residents to make sure they are not left homeless?

The tenants affected are not social housing tenants. Each tenant is on a fixed term arrangement known an 'Assured Shorthold Tenancy'. As with any Private Landlord arrangement, there is no requirement to find tenants alternative accommodation. However, due to Swan's extensive work in communities across Essex, our teams will work with each tenant to discuss their individual circumstances and requirements and will endeavour to support them through the process.  

 

© Swan Housing Association 2018. All rights reserved. Company no. 28496R. VAT No. 713 9515 35
Registered address: Pilgrim House, High Street, Billericay, Essex CM12 9XY.
Regulated by: Regulator of Social Housing.

T: 0300 303 2500

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