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Sovereign receives sixth stock transfer in last 12 months

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Sovereign receives sixth stock transfer in last 12 months

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Published by Max Salsbury for 24dash.com in Housing and also in Communities

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Sovereign Housing Association has received a stock transfer of nearly 240 homes from Southern Housing Group (SHA).

The transfer is Sovereign’s sixth stock acquisition since January 2012, over which period it has taken on over 2,000 homes in its core regions.

Sovereign - which manages over 35,000 homes in England - is trying to consolidate its presence in its main operating areas with a view to delivering a more responsive service to tenants.

The latest transfer consists of 236 houses and flats for social rent and shared ownership in Dorset, Hampshire and Gloucestershire.

Heather Bowman, Sovereign’s Director of Housing and Communities, said: “We are a well-established landlord in Hampshire, Dorset and the West Country, and are looking to increase our ‘footprint’ in these areas. The aim is to achieve a quicker and more cost-efficient service to our residents.

“Because we already have a concentration of homes in these areas, our new residents can feel part of a larger community and have the opportunity to get involved and influence the services they receive.”

She added: “Our experience is that stock transfers such as this result in efficiencies for both parties which can then be reinvested in more affordable homes and services.”

SHA - which runs more than 25,500 homes - worked closely with Sovereign to ensure that the transition was as smooth as possible for tenants.

The homes were transferred yesterday following a formal six-week consultation phase, during which residents were informed about the changes and given the chance to give their feedback.

Troy Francis, Regional Director at Southern Housing Group said: "By working in partnership with Sovereign and listening to our residents, we have ensured that the stock transfer to Sovereign has gone smoothly.
"Residents affected by the transfer were consulted every step of the way. We listened to what they said and took positive action to address their needs.

"This stock transfer, our second this financial year, is part of Southern Housing Group's planned stock rationalisation programme. It is helping us to target our resources more effectively and improve Value for Money, meaning we can continue to invest in our communities and can provide better services for residents, both old and new."

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