Sanctuary tenants to be offered lifetime tenancies
Housing association Sanctuary Group has added its weight to the growing number of social landlords which have announced they will phase out fixed term tenancies, after consulting with residents.
As one of the UK’s leading housing and care providers, Sanctuary Group owns and manages over 100,000 units of accommodation. We are committed to providing quality and affordability in housing and effective social care.
Sanctuary Group operates under multiple regulatory regimes. As a registered provider, Sanctuary is responsible for regulatory compliance to the Regulator of Social Housing. We have been awarded the highest possible ratings for Governance and Viability (G1 and V1 respectively). This indicates that the Group meets the requirements set out in the Governance and Financial Viability Standard and has the capacity to mitigate its exposures effectively. In Scotland our housing operation is regulated by the Scottish Housing Regulator (SHR). We have a medium level of engagement with the SHR because our size in Scotland means we have what it terms systemic importance. Our care operations are regulated by the Care Quality Commission and the Care Inspectorate.
To help us achieve our aims we receive private finance from institutions such as banks and other lenders, in addition to government funding. We work on building excellent relationships with our investors and funders and are committed to ensuring that we remain financially robust, through good times and bad. This is particularly important because our customers depend on us to ensure they have a roof over their heads or the care and support services they need.
The international rating agency Standard & Poor's has given Sanctuary a credit rating of A+ and Moody's Investors Service has given us an A2 stable rating.
