The Scottish Housing Regulator is to consult with tenants of Kincardine Housing Co-operative regarding a proposal to move the company to another registered landlord.

The consultations follow a period of statutory intervention by the Regulator when independent investigations identified serious failures in how the landlord was governed. The investigations also identified urgent risks to the delivery of services to tenants and the Co-operative's finances and assets, and serious concerns about the ability of the management committee to function effectively.

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Christine Macleod, Director of Regulation (Governance and Performance), said: "We're consulting with Kincardine's tenants about a proposed transfer of their homes to another RSL. We will make sure tenants get independent expert advice about what a potential transfer to another well-run social landlord will mean for them. Our Board will then take account of tenants' views before making a final decision about whether or not to direct a transfer. In the meantime we will continue to intervene to support the management of services to tenants."

The Regulator will make appointments to the Co-operative's management committee, supporting its governance and allowing it to make decisions on behalf of its tenants.

(CM)