Decision details

The Business Manager – Housing Strategy & Development presented a report which sought approval to transfer the title of properties registered in the name of the District Council to Nottingham Community Housing Association (NCHA).

The Council, in the 1980’s, provided loans to NCHA combined with Housing Corporation funding to develop new build social housing in the District. Until the loans were re-paid by NCHA the Council retained a charge on the properties.  The Council provided such a loan to develop 19 properties at Bellmond Close, Lilac Close, Sycamore Close and Bailey Road, Newark and the loan was paid back in full in early 2004.  A schedule of these properties was set out at Appendix A. On repayment of the loan it was standard practice to return the Title Deeds for the properties to NCHA in order for them to transfer title with the Land Registry.  The Council sent the Title Deeds to NCHA for all 19 properties in April 2005.  However, it had recently been established that NCHA could not trace receipt of the Title Deeds and so the properties were still registered in the District Council’s name.

AGREED (unanimously) that the Council enter into a transfer of the 19 listed properties (identified at Appendix A to the report) for the nominal sum of £1.

Reason for Decision

To transfer the legal title of properties (detailed in Appendix A) currently registered to the District Council to Nottingham Community Housing Association.