Golding Homes announces £60m investment capacity

Maidstone-based housing association Golding Homes has successfully renegotiated changes to agreements with funders and investors to increase investment in existing homes.

This delivers on the company’s Board-approved asset management strategy, which sees it spend £60m over the next three years to improve existing homes and deliver significant benefits to its customers.

Chief Financial Officer David Hart said: “Completing these deals is a fantastic achievement that demonstrates our strong asset management strategy, enabling us to make a real and lasting difference to our clients.

“Some of this work is already underway, with homes being fitted with new roofs, kitchens, bathrooms and replacement doors and windows. These improvements will transform the environmental performance of these homes and help reduce energy use and costs for customers.

“To successfully secure these revised agreements with Barclays, Lloyds Bank, NatWest and Santander UK is a fantastic achievement and we are very excited. It is testament to the strong, positive partnerships we have built with our funders and I would like to thank everyone who has worked so hard over many months to make this happen, including our lawyers Anthony Collins and my in-house team.”

Kathrin Nash, Relationship Director at Barclays, said:As always, it was an absolute pleasure working with the Finance team at Golding Homes on this strategic covenant relaxation which will enable the association to undertake its significant asset management strategy over the next few years. Barclays has a strong relationship with Golding Homes and is proud to be a strategic partner of the charity. This is another example of our renewed focus on supporting and lending to more businesses across the UK.“

Chris Yau, Relationship Director at Lloyds Bank, said: “Everyone deserves access to a safe, energy efficient and long-lasting home and that’s why we’re proud to support the efforts of Golding Homes, one of the largest landlords in Kent, to provide quality social housing to the local community.“

Dean Holleyman, Director of Housing Finance, Commercial and Corporate at NatWest, said: “We are delighted to be offering Golding Homes a structure that will allow for greater investment in their properties. We are committed to supporting the creation of more affordable homes whilst ensuring existing homes are more sustainable. It is great news that Golding will be delivering new homes and that people currently living in their properties will be able to enjoy more environmentally friendly homes.”

Aradhna Lawson, Senior Relationship Director at Santander UK, said: “We are delighted to be able to support Golding Homes through this process. This will unlock additional capacity for residents to invest in their homes. We look forward to continuing to work together in the future.”

Golding customer Steve He said of his new roof: “I moved in six months ago and I’m really happy here. I’m really happy with the roof. They always let me know what’s going on and hopefully the house will be warmer when winter comes.”

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