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About us
Two Castles Housing Association has been
a leading housing provider for over 40 years. We provide affordable
homes in rural and urban communities across the North East and
North West.
We provide affordable homes in areas of high and low demand,
and our rural expertise is second to none. Whether we build
new homes or bring derelict buildings back to life, we are committed
to supporting the regeneration and sustainability of our villages,
towns and cities.
Performance
We continue to retain our four green traffic lights from the
Housing Corporation, which demonstrates our financial strength
and our excellent performance in housing management, development
and governance.
Two Castles Housing Association is a member of Spirit, one of
the strongest and best-performing partnerships of its kind in
the UK. Spirit has helped to secure our future development status
and together with our five fellow members we have bid for over
£40m worth of development grant from the Housing Corporation.
Click
here to find out more about Spirit
Finance
Two Castles is committed to investing in provision of affordable
homes and sustainable communities through an ambitious development
programme.
In 2005, we finalised an £18m refinancing deal which will
save hundreds of thousands of pounds for investment in high
quality, low cost homes.
By refinancing 90% of its loan portfolio and completion of deals
with Abbey National Treasury Services (ANTS) and Barclays Bank,
saving £500,000 per annum in interest payments over the
next 11 years. Lower borrowing costs and revised covenants means
we can access more of our potential £40m untapped loan
capacity on top of our existing £20m loans.
We have also signed up with the award-winning Fusion 21 to maximise
our buying power in the purchase of boilers, doors and windows
and to make considerable savings on repairs and maintenance.
This has already delivered considerable cost savings and improved
performance.
Clcik
here to view a PDF of our 2004/5 annual report
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Two Castles Housing Association, Registered
Office
3 Paternoster Row, Carlisle, Cumbria, CA3 8TT
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