New homes will be more environmentally efficient than existing homes and therefore more cost effective to run with more efficient heating and hot water systems, improved insulation, all of which will contribute to lower costs of running the home. Being newly built homes, there will be much lower levels of capital expenditure required on the properties for many years. There is, however, a possibility that the Council Tax will be higher than for existing homes on the estates. The council cannot guarantee that monthly outgoings will be lower, but we fully expect them to be.
Through engagement with residents it is clear there are mixed views on this. Some residents want a shorter construction programme even if this means moving more than once. Others prefer only one move even if this means a longer construction programme. Given this the council will discuss with residents on each estate about the construction programme and try and find the best mix between the two approaches. Hence the objective has now been set to minimise disruption for residents.
The Key Guarantees are designed to allow you and your family to stay living on the estate and we hope that you will do so. However, if you decide that the best thing for you and your family is to sell your home to the council please get in touch with your local estate regeneration team.
The council commissioned TPAS (Tenant Participatory Advisory Service), a well-respected organisation that helps tenants and leaseholders, to review the Key Guarantees and benchmark them against the practice of other local authorities. The conclusions of this review were that:
• The draft Key Guarantees exceeded minimum legal requirements; and
• the draft Key Guarantees performed very well in comparison to those offered by other local authorities, in many instances exceeding those provided elsewhere.
The Key Guarantees relate to the whole regeneration process. They are aimed at giving residents certainty that they can move into a new home on a rebuilt estate. The Key Guarantees also set out what residents can expect of the council and Homes for Lambeth during the estate regeneration process. The council will be talking to residents about future housing management arrangements and the details of Homes for Lambeth tenancies and leases.
Both the council and Homes for Lambeth will be responsible for delivering the Key Guarantees. Which party will be formally responsible for delivering a Key Guarantee at any one time will depend on when it is required in the development process. For example, the council has already started early buy back of some properties and helped some secure tenants move to a new home away from their estate. However, when homes start to be built, it is Homes for Lambeth that will be offering the new homes to tenants and homeowners.
The council will consult with current homeowners and secure tenants on the future tenancies and leases that Homes for Lambeth will offer. Details of the consultation will be provided in due course. Please contact the Housing Regeneration Team or the Independent Adviser for your estate who will explain how you can get involved.