04 June 2026
Summary: Our 2025/26 results show the highest ever number of new homes delivered by MTVH and our development partners.
MTVH has published our unaudited full-year results for the year to end March 2026, marking a record year for development highlighting our growing role in delivering the new affordable homes the country needs.
We completed 1,318 new homes this year, of which over 90% are affordable homes – more than double last year’s total, giving more and more households the security of an affordable home and the chance to live well.
This record delivery has been achieved through partnership working with development and finance partners, alongside local authorities, to bring forward much-needed affordable homes, and helping to tackle the housing crisis.
We currently have over 4,000 homes on site and have submitted bids for funding under the Social and Affordable Homes Programme, supporting our ambition to deliver 6,000 new homes as part of our MTVH 2030 strategy which you can read more about here.
This development is enabled by our strong and resilient financial position, which has also enabled us to significantly increase investment in existing homes over the last year.
Financial and operational highlights include:
- £185m invested in repairs, maintenance and capital improvement works -increased from £165m in FY25).
- Available liquidity of £892m (FY25: £723m).
- Turnover of £456.5m (FY25: £7m)
- Maintained A- (stable) credit ratings from Fitch and Standard & Poor’s.
As a not-for-profit housing association, our operating surplus of £138.4m is reinvested to maintain and improve our existing homes and to build more affordable housing.
We have continued to invest in our existing homes, using interest savings generated over the year to fund additional improvements across our homes, with further investment planned in the years ahead.
Our building safety programme for Higher Risk Buildings is progressing as planned and is fully funded. We are meeting the requirements of Awaab’s Law and have made provision for increased costs to meet the emerging Decent Homes Standard.
On publication of the end of year financial results, MTVH’s Chief Executive, Mel Barrett, said:
“I’m proud of the record-breaking number of affordable homes we have built this year. These new homes have a significant positive impact, allowing hundreds of people to come off housing waiting lists and benefit from the foundation of an affordable, safe and warm home.
Thanks to our strong financial position we can maintain this momentum in the years ahead and we are targeting 6,000 new affordable homes in the next four years. With support from the Social and Affordable Homes Programme and Government backed low interest loans we are determined to do everything we can to tackle the housing crisis.
We are also investing more in our existing homes and the quality of customer service, whilst maintaining our strong financial fundamentals. Over the past year we increased investment in our homes to £185m from £165m a year ago to deliver homes our residents are proud to live in.
As a not-for-profit charity, any money we receive and surplus we earn is re-invested into services for residents, repairs and improvements and new affordable homes.
Our MTVH 2030 strategy, launched in May, outlines how we will maintain progress in these areas over the next four years.”
Below: Chief Executive Mel Barrett views homes at Clapham Park under construction.
Below: Colleagues attend topping out of 55 West, West Ealing.
