Finance



New money advice service will help thousands in Glasgow avoid financial crisis

Thousands of the most vulnerable and disadvantaged people in Scotland’s biggest city will be given a personal money mentor as part of a pioneering new scheme to tackle poverty and inequality.

Published 6 July 2017

Places for People’s credit rating downgraded in wake of its ‘continued diversification’

Moody’s has downgraded its credit rating for Places for People (PfP) citing concerns over the “varied risks” involved with the landlord’s increasing expansion into non social housing businesses.

Published 26 July 2016

‘Step-change’ needed to break cycle of financial exclusion

A “step-change” is needed in Scotland’s approach to its credit industry to break the cycle of financial exclusion experienced by many of the country’s most deprived citizens, according to a new report.

Published 1 March 2016

Clyde Valley Housing Association secures £30m to support property development

Clyde Valley Housing Association (CVHA) has secured a new funding facility of £30 million to support the development of more than 500 new homes in central Scotland over the next five years.

Published 13 January 2016

Triodos Bank reaches £250m social housing lending milestone

Triodos Bank is targeting further lending to social housing providers after taking its lending commitments to the sector to £250 million.

Published 17 December 2015

Places for People receives FCA authorisation

Places for People has received authorisation from the Financial Conduct Authority (FCA) for its financial service offering.

Published 17 December 2015

Argyll Community Housing Association agrees £60m funding deal

Argyll Community Housing Association (ACHA) and Bank of Scotland have agreed a funding facility of £60 million, as part of a loan arrangement review.

Published 21 October 2015

Western Isles & Highland councils consider investing pension funds in affordable homes

Comhairle nan Eilean Siar has agreed to explore the possibility of investing a portion of the pension fund it shares with The Highland Council in building social and affordable housing.

Published 23 June 2015

Council chiefs urged to invest pension funds in affordable homes

Independent MSP John Finnie has written to the chief executives of the six Highlands and Islands local authorities, urging them to follow the lead of Falkirk Council and invest a portion of their pension fund in building social and affordable housing.

Published 9 June 2015

Falkirk pension fund affordable homes investment hailed as a ‘trailblazer’

Falkirk Council’s Local Government Pension Scheme Fund has awarded fund manager Hearthstone Investments £30 million to invest in social and affordable housing in Scotland.

Published 8 June 2015

Glen Housing Association secures £5.7m loan from sustainable lender

Fife-based Glen Housing Association (GHA) has secured a £5.7 million loan from Triodos Bank.

Published 19 May 2015

Social housing rents campaign gathers pace

Abertay Housing Association is one of 24 UK organisations to have signed up for a new social housing rents campaign, launched to deliver vital time and cost savings for housing providers.

Published 30 April 2015

Dunfermline Housing Finance warns of FCA swap deadline

Consultancy Dunfermline Housing Finance (DHF) has reminded RSLs that 31 March is an important date relating to claims for fixed rate overcharges or even mis-selling of interest rate swaps.

Published 26 March 2015

Most RSLs managing resources to ensure financial well-being

Most registered social landlords are continuing to manage their resources to ensure their financial well-being despite economic challenges, the Scottish Housing Regulator has found.

Published 25 March 2015

New investment takes charitable bond fund to £37m

A further £2 million is to be invested in charitable bonds to help boost the supply of affordable homes, housing minister Margaret Burgess confirmed yesterday.

Published 11 March 2015