Lenders could push for a repricing of historic loans
after the reclassification of housing associations as public bodies, a
consultancy has warned. Property consultancy Savills said the Office for
National Statistics’ (ONS) decision to bring housing associations onto the
national balance sheet last week could constitute “a material change in the
market”. This could give lenders an opening to push for a repricing of
loss-making, long-term loans signed before the recession, it warned. A briefing
note produced after the ONS decision on Friday also warned landlords would
likely face controls on new debt from the 2016 Budget onwards. Read more on the
Savills website.
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