RTB: HA Tenants To Be Allowed To Use Discount Elsewhere In The Country

Housing association tenants who live in specially designed homes or rural areas will receive a right-to-buy discount elsewhere in the country. The expansion of right-to-buy to housing association stock will give 1.3 million more families the opportunity to purchase their homes at a discount of up to £103,900 in London and £77,900 outside of the capital. To protect the number of homes that housing associations have adapted or own in rural areas, residents living in them will be offered what has been coined a “portable discount”.  This means a rural tenant will be able to use the money to buy a house in an area with more available stock, most likely a city, while those in an adapted home could buy a similar dwelling where more of them have been built.  Read more on the Independent website.