Origin owns and manages over 7,000 homes across London and Hertfordshire. The intention is that, subject to all relevant approvals, Origin will become a subsidiary of Places for People Group Limited.

Carol Carter, chief executive of Origin Housing, said: “After several months of fruitful discussions, we have a set of outline proposals we believe will be hugely beneficial to Origin’s residents, our local communities, our staff and all other stakeholders. We’ll be communicating the details and consulting with our residents over the coming weeks to get their views on the proposed partnership.’’

Greg Reed, group chief executive officer of Places for People, added: “We believe there’s a strong synergy between our organisations - we are a really good fit - both geographically and culturally - and Places for People would bring resource, scale, and investment that would be so positive for Origin’s Customers and Communities. We hope that conversations reach a successful conclusion over the next few months and will provide an update at that point.”