Transfer of Engagements Latest News

7th September 2020

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Information specifically for Weslo's factored owners is available here: https://www.weslo-housing.org/tpas-weslo-factored-owner-bulletin/

Autumn Newsletter 20202 (click on link below to download)

Autumn Newsletter 2020

6th August 2020

Following the completion of a strategic option appraisal, and a rigorous partner selection process, Weslo Housing Management has chosen Link Group as its preferred partner for transfer of its homes and services.

Over the last six weeks Weslo has conducted a rigorous selection process to identify a preferred partner to whom the Weslo homes and services will be transferred. The Board has now chosen the Link Group Ltd to be its preferred partner. One of Scotland’s largest providers of affordable homes and community services, Link Group is a local Registered Social landlord with homes and offices in Falkirk, Edinburgh and elsewhere across the central belt.

Weslo’s decision to transfer its homes and services was taken in June 2020 when the Board considered the findings of an in-depth independent strategic option appraisal. A stock condition survey carried out in 2019 identified that Weslo’s social rented properties require a large amount of investment over the next 30 years. Weslo was determined to deliver this investment but could not guarantee that it could do so while still keeping tenants’ rents affordable. A range of options were considered, and the Board decided the best option for Weslo tenants and other customers was to transfer all the Weslo homes and services to another financially strong, stable, experienced social landlord that can deliver the improvements needed.

Kate Dewar, Chair or Weslo said:
“Link Group demonstrated that it is financially strong and has a track record of providing good, local service delivery, with very high levels of customer satisfaction. While it is Weslo tenants who will decide through a secret ballot whether Weslo will transfer to Link Group, the Weslo Board wanted to provide an option that can deliver on the required levels of investment in homes, and provide high levels of customer service while keeping rents affordable. We are convinced from Link’s historical and current performance that they will offer this for Weslo tenants.”

Ross Martin, Chair of Link Group said:
“We are delighted to be named as Weslo’s preferred partner for the transfer of its homes and services. We look forward to working with Weslo’s team to deliver a joint business case, focusing on improving services for Weslo and Link tenants and their communities.”

Transferring social rented homes is regulated by legislation and the Scottish Housing Regulator. Weslo and Link Group will now develop a joint business case and this will be considered by the Scottish Housing Regulator. The proposals will then be subject to statutory consultation and a secret ballot of Weslo’s social tenants who will decide if they wish to transfer to the new landlord. Tenants have access to the independent tenants’ adviser TPAS who will soon be engaging directly with them.

If Weslo tenants decide to transfer to Link Group, all their rights and security will remain exactly the same. Weslo will ensure there are agreements with Link Group to deliver all the property and service improvements needed. Weslo will also ensure protections are put in place for its other customers including private sector tenants, private landlords and factored owners.

June 2020

Message from Kate Dewar, Chair of the Weslo Board

Weslo Housing Management (including its subsidiary Weslo Property Management) has recently completed an in-depth strategic review of Weslo. This appraisal has now been completed and I now wish to let our social tenants and other customers (factored owners, Mid-market and Market renters, and private landlords) know about the findings.

The stock condition survey carried out in 2019 identified that our social rented properties require a large amount of investment over the next 30 years. We also know from our recent tenants satisfaction survey that many of our social tenants are unhappy with the condition of their homes. The review found that Weslo cannot afford to make these improvements and continue to keep rents at an affordable level.

We looked at a range of options for the future to ensure that the homes and services can be improved whilst keeping your rents affordable. The Board reviewed these and after careful consideration it was decided that the best option for Weslo and Weslo tenants is to transfer all the Weslo homes and services to another financially strong, stable, experienced social landlord who can deliver the improvements needed. This way we can guarantee that the homes and the services provided will be improved in the long term. We are now seeking an established social landlord as a partner for the transfer. We will be working with the chosen partner over the summer to develop a detailed Business Case.

For our social, mid-market and market rent tenants this option means that all their rights and security remain exactly the same, and Weslo will make sure there are legal agreements with the new social landlord to deliver the property and service improvements needed. Because Weslo is a Registered Social Landlord, the social tenants have the final say on the proposal – there will be a period of consultation over the Autumn so that tenants can shape the Business Case, and then a secret ballot later in the year so that Weslo social tenants can decide if they wish to transfer to a new social landlord.

It is important to stress nothing is yet agreed with any proposed new landlord. Only Weslo’s social tenants can decide the future of Weslo.

The Board have been working hard with the staff to secure the best possible future for Weslo and your homes and firmly believe that this decision is the right one for Weslo and your homes. Together we can look forward to brighter times ahead for the Weslo community.

In the meantime, please let us know if you have any questions through weslofuture@weslohm.co.uk

Yours sincerely

Kate Dewar, Chair, Weslo Board

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