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Interlaw's English Firm Advises on Affordable Housing Deal
Interlaw’s partner firm in England, Trowers & Hamlins, has advised Your Housing Group on the sale of 145 affordable homes to East Riding of Yorkshire Council under a stock transfer agreement.
The homes, 129 of which are for rent and 16 for shared ownership, will transfer to the council, along with the tenants and leaseholders, whose statutory rights remain unaffected. Your Housing Group is one of the UK's largest housing providers with more than 28 thousand homes, ranging from affordable social housing through to private rent.
Commenting on the news, partner Louise Robinson, said:
"We are proud to have supported Your Housing Group on the sale of these homes to East Riding of Yorkshire Council. During a global pandemic it is of the utmost importance that tenants and leaseholders feel secure, so we are pleased to have been able to advise on a deal that is beneficial for all parties."
Jacque Allen, Chief Operating Officer at Your Housing Group, added:
"I would like to thank Trowers & Hamlins for their help throughout the process and for guiding us towards a satisfactory deal that ensures that our tenants and leaseholders will be in safe hands with East Riding of Yorkshire Council."