Landlords 'Only Able To Replace One In Five Right to Buy Homes'

Housing associations are only able to replace one in every five homes sold under the preserved Right to Buy. Figures from four stock transfer landlords, all of which already have stock subject to the revamped Right to Buy, showed 343 homes had been sold since discounts were increased, with receipts funding just 71 replacements. Phoenix, a housing association based in Lewisham, south London, has sold 82 homes since discounts were increased, and has been able to fund just 12 replacements with £2m of retained receipts. Read more on Inside Housing.