Southside Housing Association get £30 million boost

March 6, 2019

Southside Housing Association have had a positive £30 million in injection via Handelsbanken plc which is to help them finance new build properties and a programme of housing improvements.

“The Glasgow landlord will use the loan facility from the Swedish bank to support the finance of upgrades to existing properties and the building of more than 260 new homes, ranging in size from one to five bedrooms, in the Pollokshields and Cardonald areas of the city.”

Full story can be read on the Scottish Construction Now website.

Mandy Wright, head of finance at Southside Housing Association, was quoted as saying: “The securing of this loan was very much a collaborative approach between ourselves and the Bank and I look forward to this continuing. The nature of the loan facility provides a lot of flexibility and lets us access the funding as and when it best fits our major spend profile over the next three to five years.”

EAN Breaking News

Breaking News. Have a new story to share with us? Then please get in contact today!

You May Also Enjoy

Breaking News

One in five homebuyers have been ‘catfished’

The latest research from House Buyer Bureau has found that, with the rise of A.I, “homebuyer catfishing” is becoming an increasingly familiar experience for UK buyers, with one in five saying they viewed a property where the listing photos had been digitally enhanced to make the home appear better than it actually was. However, while the…
Read More →
Letting Agent Talk

Only 31% of letting agents confident their onboarding process protects against tenancy fraud

The latest research from Propoly has revealed that just 31% of UK letting agents are absolutely confident that their tenant onboarding process protects against tenancy fraud, as lengthy onboarding times and delays with referencing continue to create challenges for the industry.   Propoly surveyed UK letting agents to understand how long tenant onboarding currently takes,…
Read More →
Breaking News

Are first-time buyers ruling themselves out before they even apply?

New report reveals widespread mortgage myths, with more than half wrongly thinking existing debt rules out being approved More than a third of potential first-time buyers (37%) worry about being rejected for a mortgage Over half (53%) have delayed major life milestones while trying to buy their first home, including getting married and having children…
Read More →
Breaking News

Housing Insight Report: June 2026

June’s housing market remained active, but buyers and renters continued to show caution. Buyer registrations dipped, while sales agreed remained broadly stable. In lettings, demand continued to outstrip supply, with nine applicants per available property. The average number of new prospective buyers registered per member branch dipped during June 2026, with an average of 55.…
Read More →
Breaking News

Private rent and house prices, UK: August 2026

Main points Average UK monthly private rent increased by 3.7%, to £1,393, in the 12 months to July 2026 (provisional estimate); this annual growth rate is up from 3.3% in the 12 months to June 2026. Average rents increased to £1,451 (3.8%) in England, £843 (4.5%) in Wales, and £1,016 (1.7%) in Scotland, in the…
Read More →
Breaking News

Scrapping Stamp Duty could unlock 300,000 extra home moves a year

Economic growth in key regions, such as around Cambridge and the ‘tech corridor’ being held back by stagnant housing market. Rathbones argues that a more mobile housing market could help unlock part of the UK’s £5.5 trillion housing wealth.   Reforming Britain’s property tax system could unlock more than 300,000 additional housing transactions each year…
Read More →