Presentation on theme: "Moving towards tenure neutrality Conference of The Isles 29 November 2013 Pete Redman Managing Director, Policy and Research."— Presentation transcript:
Moving towards tenure neutrality Conference of The Isles 29 November 2013 Pete Redman Managing Director, Policy and Research
Financial advisors and capital market arrangers for housing clients We want to increase financial capacity and reduce risk We want to maximise Social Enterprise Value Mixed tenure and tenure neutrality can strengthen balance sheets, increase sustainability, and improve social outcomes Why TradeRisks?
Power relationships between commercial, and agricultural landlords, and tenants have moved into balance But The status of residential tenants is low, particularly for social housing tenants 1,000 years of UK landlord and tenant culture
There is no conclusive evidence that mixed tenure brings benefits to residents. There is no increase in lending cups of sugar to your neighbour Most, not all, people dislike large scale social housing estates Recent work on social mix, and on income mix, does, however, show increases in social capital, and increases in capital values Does mixed tenure bring benefits?
Social Rent Shared ownership Owner occupied Small gardens - higher density - hard landscaping - hidden
1.Make all planning policy tenure blind 2.Improve flexibility and recycling of capital subsidies 3.Rebalance Right to Buy 4.Maximise value added across the housing spectrum Steps towards tenure neutrality