A STOCK transfer of hundreds of Faifley homes is now complete, bosses have confirmed.

Caledonia Housing Association finished the near year-long process to take over homes and services of Faifley Housing Association (FHA).

The transfer was completed after overwhelming support from tenants to have their properties managed by Caledonia.

FHA decided to look for someone to take over their homes after identifying problems with their governance and financial management back in 2020.

Jackie Lorimer, FHA's chair, said: "Over the past year a great deal of work has been carried out by our management committee, staff team and advisers to get us to this point and I would like to express my sincere thanks to all of them for this.

"I would also like to thank our tenants for the way in which they contributed positively to the development of the transfer proposals and for their active participation in the tenant consultation activities.

"This was key to confirming the transfer and the set of promises secured from Caledonia that will deliver long-term benefits for existing and future tenants.”

Alan Nairn, Caledonia’s chair, added: “I would like to express a warm welcome from Caledonia to Faifley’s tenants, team members and other customers.

"The outcome of the recent tenant ballot demonstrated strong support from Faifley’s tenants for the transfer to Caledonia.

"We can now start to put the arrangements in place to commence our work on delivering on the transfer commitments that we made to the tenants on rent affordability, investment in their homes and improving services.”

The Financial Conduct Authority (FCA) confirmed that Caledonia was now responsible for FHA's homes, the final step to merging the associations.