Pinnacle Group Limited’s Post

It is great to have the support of HomeViews in our quest to grow the #SFR sector through advocacy, influencing policy and a holistic embracing of the wider stakeholder base. When we at the UK Single-Family Association say #SFR can help build more homes, everywhere for everyone, we mean it. Much of what we do is *behind the scenes* as we work to evidence the advantages of renting professionally owned and managed houses to policy-makers in Central and Local Government, the wider industry, and the wider public.  Our recent letter to the Treasury regarding #MDR, co-authored with Ion Fletcher at the British Property Federation, and Paul Winstanley at JLL, is just one example. We see professionalism through a wider lens. It’s not just the province of institutionally owned and managed homes. The very nature of #SFR dictates the necessity to broaden our stakeholder horizons. The gentler density and human scale of houses require professionalism at a local level. We embrace #EstateAgents #LandAgents #LettingsAgents #SMEs #HouseBuilders #FamilyOffices #Consultants and many more who operate at local and regional level. All of these have a level of local experience, knowledge and understanding crucial to the delivery of more homes. #SFR is a broad church. A *BIG* family. This is why we support the work of Ben Beadle at the National Residential Landlords Association - NRLA, ARLA Propertymark, The Property Institute, The Housing Forum, The British Property Federation, The Association for Rental Living, CREATE STREETS, Building Garden Communities Conference and many more. Each of whom do really important work within their spheres of influence and continue to advocate professionalism and optimism. There is much to do. Watch this space. With James Pargeter at the policy wheel we are #Gettingstuffdone. #Residentialinvestment #Houses #SinglefamilyRental #MoreHomesEverywhereForEveryone

We are architects working with Magna Housing Ltd , Rollalong Ltd and Wiltshire Council on a Proof of Concept (PoC) use of Cat 1 offsite volumetric constructed homes built In Dorset across a range of sites in the South West.  A key challenge, opportunity and area that requires further advocacy is the; “the MMC Interface with People and Place” This is twofold. It echoes the literal opportunities to reduce procurement interfaces through the use of MMC and potentially prove a reduction in ongoing asset management costs and defects thereby improving the relationship between tenants and providers but also it identifies the importance of the interface between the ‘development’ and the ‘place’ . The planning process is important and the contextualisation of homes to integrate with it’s neighbours is important – the process of contextualisation involves integrating responses to housing need, form and massing, conservation and heritage, ecology and biodiversity, drainage and parking strategies access permeability etc. i.e. everything assessed by planning. The decades of delivery of poorer volume housebuilding where communities have sometimes been ‘done too' by PLC profit driven housing solutions has left a legacy of distrust of volume house-building, which, Cat 1 Volumetric MMC (alongside other MMC solutions) often gets associated with, but we know it can respond to these planning issues in a whole range of positive ways as well as incorporating other low carbon infrastructure solutions. Planning process suggestion One major problem as we know is the time taken to resolving these broad ranging and complex planning issues and we have been debating if there isn’t an evolution of the outline and reserved matters (RM) processes in the use of MMC; where a slightly more detailed outline process replaces pre-app and agrees not only the principal of development, the quantity of homes, the access requirements and the developable area but also crucially confirms the mix based on housetypes to enable early manufacture and throughput of units sooner; before external detail and final site strategies are confirmed through RM. I believe this is essentially similar to a pattern book approach, and in recent work with Weymouth College for their course on “skills development in the use of MMC” we tried to enshrine this in the development of an MMC planning decision matrix. The RM application could then also contain sufficient detail to eliminate the need for a host of further condition applications. The planning process needs to be simplified but maintain its critical role of driving standards and delivering consistent policy as well as helping to coordinate a process that co-creates places with existing neighbourhoods. #MMC Weymouth College Complex Asset Management Solutions Ltd, Laura Young CIHCM

💼 The House of Commons just published a 51 page report on the current state of #sharedownership. TLDR: Shared Ownership needs fixing! Link to the full report here: (https://lnkd.in/dfWZxWty) The report finds that not all shared ownership schemes are created equal. What was meant to be in theory a more affordable route into homeownership has in some cases become an “unbearable reality”. Asymmetric information, hefty service charges, complex leases, and disproportionate repairs and maintenance costs have made it extremely difficult to become full, 100% homeowners. Let’s break down some of the key messages: 🤷🏽♀️ Lack of a reliable and easily accessible source of information: There is too much complexity with shared ownership leases leading to confusion with SO residents. There needs to be a “single, specialist source of independent and impartial advice for shared owners” 💽 Poor data collection: There is a “significant and concerning data gap” - particularly around incremental staircasing which hinders the government's ability to better understand the role which shared ownership plays within affordable housing 🪜 Low rates of staircasing to 100%: Savills estimates that only around 3% of SO residents reach full home ownership every year. Driving this low % is 1) rising monthly costs which makes staircasing unaffordable, 2) high complexity and cost involved in the actual staircasing process These are just some of the key points being raised from the 51 page report (If I’ve missed anything please comment below). I would like to think that what we’re building at Stairpay can help, in particular: 🎓 We have build an Academy full of very insightful and well researched information that is available for free to all shared owners. 👩🏾💻 We collect a large amount of data (particularly around staircasing) from residents from over 120+ housing associations. 📈 We have proven we can increase staircasing rates very significantly for residents using our platform, at no cost to them. We look forward to continuing our work to improve Shared Ownership to allow more people to afford the home of their dreams. If you think we can help you, please do reach out. #stairpay #staircasing #ukhousing #baronesspenn #houseofcommons #levellingup

Barwood Capital completes sale of 72-bed Berkshire care home scheme 🏘️✅ Barwood Capital has sold a 72-bed care home scheme in Bracknell Forest, Berkshire for an undisclosed sum to London-based Oakland Care. The cleared 1.57-acre site, originally a church, is located 1.2 miles from Bracknell town centre and was purchased in April 2023 through Barwood’s regional property growth fund. Planning permission was secured via delegated approval from Bracknell Forest in April 2024. The news comes after Knight Frank’s 2024 Healthcare Report found that of the UK’s 480,000 bed spaces, 80 per cent of those homes are older than 20 years, while 20 per cent of bed spaces do not have en-suite provision. Barwood completed the deal alongside its partner Perseus Land & Developments Limited. Andrew Barlow, head of fund management at Barwood, said... Continue reading... https://lnkd.in/eFDPPM37 #property #sales #deals #commercialproperty #care #carehome #berksnews #berkshour #businessnews #businessintelligence

I am absolutely baffled by landlords not knowing who they're handing their properties over to on 3,5,7 year leases. "Does the provider have commissioner support?" "How strong is their covenant?" "How long have they been operating?" "Have you seen their most recent set of accounts?" "Have you been to see some of their existing houses in the area?" Are usually all questions met with blank looks from landlords that do not understand the sector. Would you lease your single BTL to an individual for 5 years without doing the appropriate due diligence? Then why are you allowing it with a housing provider? This is where we help. Every provider we work with has already gone through this vetting process so when we receive a landlords property that is suitable for one of our providers, we can act fast, and with confidence. #HousingProviders #CareProviders #CICProviders #Landlords #PropertyInvestment #PortfolioBuilding #DueDiligence #PropertyManagement #SupportedHousing #SocialHousing #CommissionerSupport #CovenantStrength #FinancialStability #LeaseAgreements #BTL #BuyToLet #RealEstate #PropertyInvesting

The HDOE is vital… #dwellr believes this article and its recommendation to follow the Housing Commission's recommendation to establish a Housing Delivery Oversight Executive (HDOE) and other supports for second hand homes is vital The housing department's lack of understanding and motivation to address the housing problem effectively has been highlighted. Minister O'Brien is encouraged to reflect on why the department, local government system, and state agencies have consistently failed to tackle housing issues particularly when it comes to second houses where supply is ample. In terms of the housing market landlords exiting the rental market will free up properties for purchase and enhance the home buying market. However, it's crucial to consider also supporting tenants who wish to buy out their tenancies, not just focus on providing support for new homes many can’t afford or just don’t want to buy. Initiatives like #dwellr and similar programs cater to this aspect, but the government's lack of interest in addressing this issue raises questions as to why they are neglecting this important segment of the housing market with whatever schemes they have biased towards expensive new home purchase. Second hand homes matter too. The Housing Commission has recommended Government consider schemes to resolve this but Government is coy. At the risk of being annoying #dwellr has tried to help too. Note to #AnTaoiseach, #simonharris. It’s not the time for reticience but to take brave decisions which follow these recommendations and allow the private sector support the State resolve Ireland’s housing problem by also helping tenants buy out their tenancies.

STRIP OUT AT MOORHEY! 😇 Another great strip out from the team, as we prepare for another project to deliver into a great 4 Bed HMO that we'll be handing over to a Social Housing provider.  Guaranteed rents, every month for five years. Something different to what I've done before but you know the project is getting the same standard sauce. Stay tuned for updates! #hmo #ukproperty #projectmanagement #propertydevelopment #mcrproperty

In recent years, the multifamily real estate industry has illuminated the challenges faced by operators and property managers, with particular attention to mental health issues. 🏘 Given our commitment to the U.S. subsidized housing industry, we’re shifting our focus in 2024 to highlight the voices of Affordable Housing property managers and Public Housing operators. 📣 To learn more, read my latest piece from the MRI Software Affordable and Public Housing Spotlight newsletter. 💡 #AffordableHousing #PublicHousing #LIHTC #HCVP | MRI Living

CX@HUD #ReducingBarriers #PublicTrust …The HOTMA Final Rule makes important enhancements and reduces barriers in the HCV and PBV Program, which has become a vital strategy for communities to increase the supply of affordable housing. PHAs can choose to tie long term federal PBV rental assistance to specific units or developments rather than to a tenant. Project owners can secure additional private and public financing by leveraging the PBV assistance. @RichardJMonocchio @PIH #OneHUD #HUDHelps https://lnkd.in/enGVuFRZ

This is a great blog piece by Love to Rent - summarising the fundamentals around the Single-Family Housing sector and including a great quote from Richard B.. Of course it's great to see the current significant increases in investment and delivery of houses to rent, but the proportion of the wider rental market remains very small. In view of changing demographic trends, this needs to accelerate much further and with considerable urgency if we are to truly address the growing need for good quality homes that families and households can rent reliably across the country. As a sector we need to make the case for these homes much more strongly and coherently - aiming at an audience far beyond the sector itself. The benefits to people, households, communities and places are numerous and widespread, and I can't wait until these are generally understood by policymakers, renters and the broader public. I'm glad to be helping the sector to work towards this, and will continue to collaborate with others to progress this agenda into the future. #LoveToRent #SingleFamilyHousing #SingleFamilyRental #BTR #SFH #SFR #MoreHomesEverywhereForEveryone