How would the new community-led landlord get the money to fund the transfer?
In addition to gap funding from central government the new community landlord would borrow the money from banks and building societies usually paid back over 25 or 30 years. The cost of this borrowing is included in the association’s business plan. In this case, the new community landlord would not have to pay the council anything for the housing, but it would need to borrow to fund the early works programme.
