Why we are engaging with Maryhill Housing Association Ltd (Maryhill)
We are engaging with Maryhill about its stock quality.
Maryhill is engaged in contractual action regarding render failure on some of its homes. We have been engaging with Maryhill about the immediate and long-term steps it is taking to address this issue. It has put in place a range of control measures to address the risk to tenants and residents and continues to seek a long-term solution to address the problem.
What Maryhill must do
Maryhill must keep us informed about its progress in addressing the render issues.
What we will do
We will:
- monitor Maryhill’s progress with finding a solution to the render issues and engage as necessary; and
- update our published engagement plan in the light of any material change to our planned engagement with Maryhill.
Regulatory returns
Maryhill must provide us with the following annual regulatory returns and alert us to notifiable events as appropriate:
- Annual Assurance Statement;
- audited financial statements and external auditor’s management letter;
- loan portfolio return;
- five year financial projections; and
- Annual Return on the Charter.
It should also notify us of any material changes to its Annual Assurance Statement, and any tenant and resident safety matter which has been reported to or is being investigated by the Health and Safety Executive or reports from regulatory or statutory authorities or insurance providers, relating to safety concerns.