Assets & Opportunities

Kate DaviesChief Executive

Notting Hill Housing

5 July 2007

What do social tenants want?

MORI survey March 2007

Situation at Notting Hill

Billy – 10%

Gertrude – 40%

Sharon – 35%

Giles – 15%

Tenants’ aspirations

Homeowners (longer term)

17%

Lifestyle renters

16%

Locked-in renters

13%

Pragmatists37%

Homeowners (short-term)

17%

London Property Prices•Average London home costs

£316,000•500,000 can’t buy, can’t rent

(JRF study October 2005)

Housing supply•62,000 homeless

•8,000 HC funded

•11,000 sold

•40,000 new London households formed annually

•20,000 homes built a year

HomeOptions

• Desire to move and improve

• Money advice

• Life planning

• Explain options

RentPlus• Disposable income -

save or consume?• Behave like an owner -

save and maintain• Accumulate lump sum

plus interest

• Bonus for keeping home in good condition

10 per cent Shares

• Shared ownership is no longer Low Cost

• £200,000 flat 50% share - £29,000

p.a. 25% share - £24,000

p.a. 10% share - £20,000

p.a.

Social HomeBuy• Article in tenant's magazine

generated 1800 enquiries

• 350 desk top valuations• Reinvest in new homes• Affordable on £20,000

salary• 16 homes sold – more than

any other RSL

• Stylish, well designed city apartments• Great value - £150,000• First-time buyers, younger people and down-

sizers

Affordable City Living

Kerrington Court• 24 one and two beds in Shepherds Bush

• Rolling ASTs

• Social rents

• Additional contract of rights and responsibilities

Rents, repairs, behaviour, finances

Family, volunteering, work, training

Deregulation•Tenure reform

•Rent reform

•Landlords offer a range of products at different price points

Love Where You Live• Treat customers as

individuals

• Learn from supported housing

• Be open and flexible (not ideological)

• Social mobility not social exclusion

Your questions