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The government is also keen for housing associations to borrow as much as comfortably possible to fund new homes. But at least one key sector lender, Santander, is writing clauses into new loan agreements saying that affordable rent properties will be valued at the same rate as those let at social rents. Robert Grundy, director of Housing Investment Consultancy at Savills, said that for stock let on affordable rents, the impact on EUVSH would vary significantly in different parts of the country, but that values could be as much as doubled in the highest rent areas. He said, however, that loan valuations in areas with high values tend to adopt a different basis of valuation derived from the market value of the property, and so may be less affected. Another lawyer who has come across the clauses, but did not wish to be named, said the move could decrease long-term borrowing capacity. Enter a search term. Search SearchFuel poverty is about to get very serious. My Account. Santander delivers borrowing blow. News Add New Comment. Ombudsman shares cases of severe damp and mould from 20 landlords. The first year of tenant satisfaction measures: the results. West Midlands mayor and five housing associations form partnership body. Large Sunderland-based landlord appoints new asset and sustainability boss. For general enquiries you can contact Inside Housing at: Suite 6.

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