Magenta Living has successfully completed the purchase of over 400 affordable homes from one of the UK’s largest social housing providers, Your Housing Group (YHG), on Monday 15 January 2018, following a successful consultation process.
The properties transferring across include rented, supported, leaseholder and shared ownership properties as well as several garages across a number of different neighbourhoods throughout Wirral. All existing tenancy agreements and lease contracts transferred from YHG will remain the same.
Following the successful transfer, Magenta Living is in the process of writing to all affected residents to formally welcome them to Magenta Living. Magenta Living staff are also committed to visiting all new tenants over the coming weeks to offer them the opportunity to raise any outstanding questions or queries they may have.
Brian Simpson, Chief Executive of Magenta Living said: “We are really pleased to acquire over 400 more affordable homes in Wirral and I would like to thank Your Housing Group for choosing us and for helping make the transfer process a smooth one. We are committed to providing homes and building communities where all can thrive and we are looking forward to welcoming our new residents to Magenta Living.”
John Cogbill, Chief Operating Officer for Your Housing Group, said: “We are delighted that the transfer to Magenta Living is taking place and we are confident that in their hands the interests of the Wirral residents are protected and that they will be served well.”