Sage operates very similarly to not-for-profit housing associations, we deliver the same forms of regulated affordable tenures. The difference between Sage and not-for-profit housing associations is our source of funding. As a for-profit organisation, we are funded by investors. We are a Registered Provider regulated by the Regulator for Social Housing in the same way as a not-for-profit and abide by all of the same regulatory standards.
As with many registered providers, rents for Sage’s affordable rent properties will be capped at Local Housing Allowance levels or at 80% of market rent, whichever is the lowest. Sage will provide properties for Social Rent (based on Target Rent levels) where it is agreed in a S106 agreement.
Those who live in our rented homes will have tenancy agreements used by many housing associations; a one-year starter tenancy, followed by an assured shorthold tenancy for five years.
Sage follow the terms of planning or S106 agreements at the time that planning permission was granted.
We will give 100% of first lets to local authorities to allocate through their nominations / Choice Based Lettings scheme.
Sage like all Registered Providers has to demonstrate to the Regulator for Social Housing that it has robust governance and finances so that it won’t fail. If in the extremely unlikely event that a Registered Provider did fail, the regulator's role is to ensure that the homes remain as affordable housing.
Sage would like to deliver all of our services to residents online, mirroring how the population transacts with other organisations such as local council and health services. Our customer portal makes it easy for residents to request services, get information and liaise with staff; we will support any resident who needs help to use the portal.
We are partnering with established housing associations to deliver local services to our residents. This supports our growth across the country and means our residents will benefit from the knowledge and experience of our partner housing associations.
Sage is committed to being a responsible landlord. We will ensure that residents moving into our homes can manage and afford their tenancies, through robust pre-tenancy checks. Once residents have moved in, our policies are focused on early intervention and supporting residents to get the support they need, for example on income collection.
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