The move follows an agreement from its members at a Special General Meeting to adopt the SFHA Model Charitable Rules (Scotland) 2020, which have now been registered by the FCA.

The Co-operative’s chairperson, Paul Waddell, said: “We are pleased to have completed the review of our fully mutual status to become Easthall Park Housing Association Ltd. It will contribute towards the significant improvement we have seen in our governance in recent years and ensure greater compliance with Regulatory requirements.”

Kenny Mollins, director, said: “The move to become a charitable housing association was a key objective in our strategic review of the business and it will further strengthen our governance arrangements. We would like to thank our solicitors, TC Young for their support and assistance to guide us through this review.”