Housing finance conference peter marsh chief executive 19 march 2009
1 / 22

Conference presentations - PowerPoint PPT Presentation

  • Updated On :

Housing Finance Conference Peter Marsh Chief Executive 19 March 2009 Our purpose? We are here to raise the standard of services for tenants : to champion the needs and aspirations of tenants - both those within and those as yet unable to access affordable housing

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
Download Presentation

PowerPoint Slideshow about 'Conference presentations' - bernad

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Housing finance conference peter marsh chief executive 19 march 2009 l.jpg

Housing Finance ConferencePeter MarshChief Executive19 March 2009

Our purpose l.jpg
Our purpose?

We are here to raise the standard of services for tenants:

  • tochampionthe needs and aspirations of tenants - both those within and those as yet unable to access affordable housing

  • to challengeproviders of affordable housing services to meet or exceed the highest standards of organisational effectiveness and service delivery

  • to promotechoicefor tenants and providers of affordable housing

Our timeline l.jpg
Our timeline?

  • December 2008: New regulator established

  • Jan - March 2009: “National Conversation”

  • Spring 2009: Informal consultation

  • Autumn 2009:Statutory consultation

  • December 2009: New powers for RSLs (Subject to timing of ‘orders’)

  • April 2010: New powers for LAs and ALMOs

National conversation what tenants have told us l.jpg
National Conversation: What tenants have told us

  • Polarised views on landlord performance

  • Repairs & Maintenance, rents and good quality homes are the big priorities

  • Keeping your promises is important

  • Opportunities for involvement

  • Mixed views on choice

Regulatory style l.jpg
Regulatory style?


Confident, intelligent

Tenant focused



Global accounts 2008 highlights growth l.jpg
Global Accounts 2008HighlightsGrowth

Global accounts 2008 challenges interest cover l.jpg
Global Accounts 2008ChallengesInterest Cover

Global accounts 2008 challenges cost control l.jpg
Global Accounts 2008ChallengesCost control

January 2009 quarterly survey finance markets l.jpg
January 2009 Quarterly Survey – finance markets

  • The sector has £53.1bn total loan facilities in place, £39bn of these are drawn

  • There is £28.2bn of security in place to cover the un-drawn loan facilities

  • Over the next 12 months the sector plans to draw down a further £5.6bn of debt, £5.2bn of this is already in place

  • 87% of respondents said they had loan facilities in place that could fund their business plans for at least 12 months

January 2009 quarterly survey housing markets l.jpg
January 2009 Quarterly Survey – housing markets

Financial fundamentals l.jpg

The most successful PFI in Europe?

  • Asset values are based on continuing existing use and represent a discount relative to market value. Private finance ranks above SHG – providing a further substantial cushion for lenders

  • Two thirds of rental streams are backed by the state via housing benefit

  • New supply is funded by social housing grant

  • Demand continues to outstrip supply by between 50-100%

  • This sector is resilient and able to withstand a further period of downturn

Potential impact of sales declines the traditional sector l.jpg
Potential impact of sales declinesThe traditional sector

Questions choice l.jpg
Questions: Choice

  • Sometimes the big things, sometimes the little things

  • - Paying more for extras

  • - Information

  • - Rationalisation

  • - Those who can’t get in

  • - Developer, owner, manager – which for you?

Questions needs of tenants l.jpg
Questions: Needs of tenants

  • Social rent

  • Intermediate rent

  • Shared Ownership

  • Shared Equity

  • Are we as clear as we should be about why we use our resources to subsidise differing needs?

Questions efficiency gains l.jpg
Questions: Efficiency Gains

  • £9 billion spent on management and maintenance:

  • What could this total be with a more rational stock holding?

Questions opportunities l.jpg
Questions: Opportunities

  • How will we look back at this moment -

  • Opportunities to take or leave:

  • Unsold stock; Impairment; Hard ball banks

  • or

  • Low cost of long-term money; low land prices; flexibility?

Working in partnership to deliver l.jpg
Working in partnership to deliver


Delivering better

services to