More than 100 housing associations are to launch a group aiming to buy back £350m in loans. The loans are part of the planned £1.1bn privatisation of the Housing Corporation’s loanbook.
The Consortium of Housing Association Borrowers plans to lobby potential purchasers of the portfolio for favourable terms toredeem their loans soon after the sale is complete. The loan bookcomprises £950m owned by the Housing Corporation and nearly £150m held by its regional counterparts.
- Financial Times 21/10/96 page 9
- The Daily Telegraph 21/10/96 page
