A second lease-based provider has been given the lowest possible governance rating – G4 – by the Regulator of Social Housing. The regulator downgraded Prospect Housing in a regulatory judgement after finding “issues of serious regulatory concern”. These included: a failure to understand its assets, contractual arrangements and the needs of tenants; and significant weaknesses in its control framework around rent-setting and collection. The regulator also found that Prospect had carried out reviews into “two serious safeguarding incidents” that revealed weaknesses in procedures that it could not remedy through its third-party service providers. Read more on the Social Housing website.
The Guardian view on the Renters’ Rights Act: finally, protections fit for
the modern housing market | Editorial
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The rising number of private renters in Britain have for too long put up
with chronically insecure tenancy agreements and poor conditions
The defining tr...
5 days ago
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