LONDON, UK: Lincolnshire Housing Partnership (LHP), a registered Housing Association, is in advanced discussions with Ongo Homes regarding the possibility of a strategic business combination.

Boston Mayflower Finance PLC, a wholly owned subsidiary of LHP, is poised to play a central role in this prospective merger. However, it is crucial to emphasize that any such agreement remains contingent upon a thorough due diligence process and the approval of both organizations’ boards.

LHP, a recognized Housing Association with a strong presence in the region, has a track record of serving the housing needs of the community effectively. With Boston Mayflower Finance PLC as its subsidiary, LHP has demonstrated a commitment to financial stability and innovation within the sector.

Ongo Homes, on the other hand, is a well-established housing association with a commendable history of providing affordable and sustainable housing options. Their experience and expertise could complement the strengths of LHP and Boston Mayflower Finance PLC.

Before any merger can proceed, both parties are committed to conducting thorough due diligence to assess the financial, operational, and strategic compatibility of the two organizations. This process will involve a detailed examination of their respective assets, liabilities, governance structures, and operational capabilities.