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Trowers & Hamlins advises on Merthyr Tydfil transfer of housing stock

Trowers & Hamlins advises on Merthyr Tydfil transfer of housing stock

Trowers & Hamlins, the leading public sector law firm, has advised on the transfer of Merthyr Tydfil County Borough Council’s housing stock to the newly established Registered Social Landlord, Merthyr Valley Homes Limited

• Second in a month and transfers 4262 homes
• Unlocks £40m improvement programme

Trowers & Hamlins, the leading public sector law firm, has advised on the transfer of Merthyr Tydfil County Borough Council’s housing stock to the newly established Registered Social Landlord, Merthyr Valley Homes Limited. This will enable Merthyr Valley Homes to commence a £40m improvement programme.

The transfer, which was completed on March 30 2009, covers 4,262 homes.

Trowers & Hamlins have now advised on all seven of the Welsh stock transfers that have taken place, transferring over 45,000 homes to registered social landlords and raising over £300 million of private funding.

Trowers & Hamlins advised on the first Welsh City Council transfer at Newport which also completed in March.

The other Welsh large scale voluntary transfers (LSVTs) Trowers & Hamlins has worked on are Bridgend, Rhondda Cynon Taf, Monmouthshire, Conwy, Torfaen.

Trowers & Hamlins is currently advising on the Ceredigion, Gwynedd, Blaenau Gwent and Neath Port Talbot LSVTs which are at various stages in the process. Trowers & Hamlins has also been fully involved in the development of stock transfer options in Wales including advising on the community mutual model where the focus is the empowerment and involvement of local neighbourhoods and communities.

Scott Dorling, Partner, led the Trowers & Hamlins team. Trowers & Hamlins advised both the RSL and the council up until the ballot and following the ballot advised the RSL.

Scott says: "Trowers & Hamlins is very pleased to be working in the Social Housing Sector in Wales. Wales is doing stock transfer in its own way, with tenants at the heart of the process. It is stimulating to use our experience and expertise to find legal solutions to the challenges Welsh transfers present and to assist in unlocking the funding in this difficult economic climate to enable tangible improvements to tenants’ homes."