Sanctuary has yet to complete its rescue of troubled housing association Swan as this week’s expected takeover date passed with no announcement.

Swan had previously said the rescue deal with 105,000-home Sanctuary is “expected to take place on or prior to 31 January 2023”, however this week it said discussions with third parties around consents are ongoing.

A spokesperson for Swan said: “Swan’s proposed business combination with Sanctuary is subject to obtaining appropriate consents and satisfactorily concluding commercial discussions with third parties and we can confirm that this work is continuing to progress.”