The Midlands housing association Bromford has sold almost 100 of its homes in South East England as it looks to concentrate its housing stock.
The Wolverhampton-based social landlord has sold the 98 homes, located across Chiltern, South Buckinghamshire, and South Oxfordshire to the Didcot-based Soha Housing.
Over half of the homes are general needs rented social housing while the rest are shared ownership and leasehold properties.
Bromford had been looking to sell the homes for over a year to a landlord that operates closer to where they are based.
Soha said it was selected by Bromford based on value for money and the scope of services it can offer to residents. All affected residents were consulted as part of the process.
Natalie Robertson, associate director of localities, said: “An integral part of the 2019-2023 Bromford Strategy is allowing us to refocus our efforts so that we can invest more in building homes and relationships in those communities where we own significant numbers of homes.
“This work will be concluded over the coming year so that we can offer customers an even better level of service in our core geographies across central and south west England.
“As we owned 98 homes across Chiltern, South Buckinghamshire, and South Oxfordshire, we decided customers would be better served by a housing association that had a greater presence in the area and we’ve worked hand in hand with customers throughout to minimise any disruption and answer their questions and queries.
“We’re pleased to have worked with Soha to take on these additional homes and believe customers will benefit from their existing local services.”
The management of the homes will now move over to Soha, which owns around 7,000 homes, mostly in South Oxfordshire.
Soha formed in 1997 as the result of a stock transfer from South Oxfordshire District Council.
The 98 homes in question are in Wallingford, where Soha already owns 385 properties, as well as in Beaconsfield and Chesham in Buckinghamshire.
Kate Wareing, the chief executive of Soha Housing, said: “I am delighted to welcome our new residents to Soha. We are a local, not-for-profit, community landlord owned by our residents and staff.
“We exist to deliver excellent services to our residents and build new homes for people who need them. As a local landlord we are always interested in how we can build and deliver more homes for people in Buckinghamshire and Oxfordshire.”
Both Bromford and Soha are members of the 120-strong community-based social landlord network PlaceShapers.