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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