What Does The Right-To-Buy Scheme Mean For LSVT Landlords?

New regulations announced by the government will see the maximum discount for new sales through the right-to-buy scheme increase to £75,000, with receipts now available to build new homes. So what do the changes mean for registered landlords such as Wirral Partnership Homes (WPH)?  As a large-scale voluntary transfer (LSVT) organisation, WPH estimates that 7,400 of its 12,400 tenants still have the preserved right to buy so the changes will affect a large proportion of tenants.  Like other LSVT organisations, the capital receipts from right-to-buy sales are shared with the local authority. Given property prices in the Wirral the problem for WPH is that, after deducting costs and the sharing agreement, there will be less than 30% contribution towards the cost of building a new home.  To fund a 30% contribution towards the development of one new property, WPH would need to sell three.  Read more on the Guardian website.