Finance

Wheatley Foundation launch My Money, a new service which will help disadvantaged and vulnerable people in Glasgow manage their money. Glasgow city Council Leader, Councillor Susan Aitken attended the photocall. Thousands of the most vulnerable and disadvantaged people in Scotland’s biggest city wi

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. The ratings agency said the switch from A2 to A3 “reflects the continued diversification of Pla

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. The Carnegie UK Trust’s Affordable Credit Working Group said access to credit in Scotlan

Ground cutting on site are (left to right) David Bolton, associate director, public sector, Barclays; Clyde Valley Housing Association’s vice chairperson Allan Murray and finance director Shirley MacDonald and Alasdair Gardner, regional managing director, commercial banking, Bank of Scotland Clyde

Triodos Bank is targeting further lending to social housing providers after taking its lending commitments to the sector to £250 million. In the last year Triodos Bank has arranged lending facilities totalling more than £25m to seven different housing association customers across the UK, making it

Places for People has received authorisation from the Financial Conduct Authority (FCA) for its financial service offering. Applying to consumer credit permissions, the FCA authorisation means that Places for People Financial Services can continue to directly lend unsecured personal loans and admini

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

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. Malcolm Burr, chief executive of the Western Isles council, has confirmed that the proposal will be discussed at t

John Finnie 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.

Alex Neil 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.

Fife-based Glen Housing Association (GHA) has secured a £5.7 million loan from Triodos Bank. Among other things the finance from the bank has enabled the housing association to purchase and develop 13 new properties in Leven, Fife. The new finance was set up in view of developing even more properti

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. The campaign, which encourages tenants to switch to the ease and convenience of Direct Debit, is run by Bacs Pay

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. A Financial Conduct Authority-led initiative requires many RSLs to submit a request for a review of arrangement

Ian Brennan 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.

Margaret Burgess 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.