Yorkshire Housing has posted a £30.6m annual post-tax loss

The 18,000-home housing association reported the loss, which compares to a £16m surplus the previous year, in its accounts for the year to 31 March.

Yorkshire said its bottom line was impacted by a one-off cost of £35.8m from exiting fixed rate lending agreements as part of a major refinancing last year. Yorkshire Housing says the move will improve liquidity, reduce interest charges and free up loan security. The landlord also wrote down the value of an IT system by £5.3m due to it moving towards a different system which it says will enable “data-driven decisions