Stonewater proposes transfer of 1,600 homes across South East

Mount Green joined the Stonewater Group as a subsidiary in 2024, benefiting from Stonewater’s large-scale resources in finance, funding and support services while continuing to serve residents in Surrey and North Sussex.

Should the proposal go ahead, a transfer of engagements would see the homes managed by Stonewater as part of its wider portfolio of more than 40,000 homes across the country.

Jonathan Layzell, Stonewater’s Chief Executive, said: “This proposal builds on an already successful partnership with Mount Green and is about making sure customers continue to have safe, secure homes backed by a strong and financially resilient organisation. 

“If approved, it would allow us to bring these homes into Stonewater’s direct ownership while keeping the local, customer-focused service that residents value.”

The proposed transfer would enable Stonewater to continue to build on Mount Green’s long history of working closely with customers, while providing the strength, stability and efficiencies of a larger organisation. 

Customers would also continue to have access to grants provided by Longleigh, the charitable foundation that supports Stonewater customers.

Any transfer would be subject to customer consultation and would be undertaken in line with the Co-operative and Community Benefit Societies Act 2014 as a Permitted Re-organisation under the Bonds. Stonewater Limited would remain the parent of the Stonewater Group.