assets & opportunities kate davies chief executive notting hill housing 5 july 2007
TRANSCRIPT
Tenants’ aspirations
Homeowners (longer term)
17%
Lifestyle renters
16%
Locked-in renters
13%
Pragmatists37%
Homeowners (short-term)
17%
London Property Prices•Average London home costs
£316,000•500,000 can’t buy, can’t rent
(JRF study October 2005)
Housing supply•62,000 homeless
•8,000 HC funded
•11,000 sold
•40,000 new London households formed annually
•20,000 homes built a year
RentPlus• Disposable income -
save or consume?• Behave like an owner -
save and maintain• Accumulate lump sum
plus interest
• Bonus for keeping home in good condition
10 per cent Shares
• Shared ownership is no longer Low Cost
• £200,000 flat 50% share - £29,000
p.a. 25% share - £24,000
p.a. 10% share - £20,000
p.a.
Social HomeBuy• Article in tenant's magazine
generated 1800 enquiries
• 350 desk top valuations• Reinvest in new homes• Affordable on £20,000
salary• 16 homes sold – more than
any other RSL
• Stylish, well designed city apartments• Great value - £150,000• First-time buyers, younger people and down-
sizers
Affordable City Living
Kerrington Court• 24 one and two beds in Shepherds Bush
• Rolling ASTs
• Social rents
• Additional contract of rights and responsibilities
Rents, repairs, behaviour, finances
Family, volunteering, work, training
Deregulation•Tenure reform
•Rent reform
•Landlords offer a range of products at different price points
Love Where You Live• Treat customers as
individuals
• Learn from supported housing
• Be open and flexible (not ideological)
• Social mobility not social exclusion