In the week commencing Monday 18 November 2024 the Regulator of Social Housing (RSH) published its Quarterly Survey report for the period from July to September 2024.  Launching the report, the RSH, said:

“Social landlords are constrained by competing spending priorities – specifically the twin challenges of building new homes for the future while making much-needed investment to tenants’ homes.  Although inflation and interest rates have both fallen, the cost of borrowing continues to be a challenge for providers who are coming out of low fixed-priced contracts or loans. Cash interest cover (excluding sales) is forecast to drop to a record low of 70% over the next year due to a projected rise in spending on repairs, maintenance and high interest costs. However, outturn interest cover figures can fluctuate on a quarterly basis and interest cover increased to 110% for the three months to September as a result of a number of one-off factors and some providers reporting delays on planned repairs expenditure”.