Thursday 30 August 2018

Government Expects 3,000 Right To Buy Sales In Midlands Pilot


Ministers expect around 3,000 housing association homes to be sold through the Midlands Voluntary Right to Buy pilot. A regional trial of the policy to allow tenants to purchase their homes at a discount equivalent to that available to council tenants was launched earlier this month. The Treasury has provided £200m to cover the discounts, which will average £66,667 if 3,000 homes are sold. Right to Buy discounts are calculated based on how long the purchaser has been a tenant, the value of the home, whether it is a house or flat and how much the social landlord has spent on its upkeep. Read more on Inside Housing.

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