Friday, 27 May 2016

Over 50s Dominate Right To Buy Pilots

The average age of tenants buying their homes through the Right to Buy pilots is more than 50, housing associations have revealed.  At the National Housing Federation (NHF) Affordable Home Ownership conference in London, Sovereign and Riverside – two of five landlords piloting the Right to Buy extension to housing association tenants – revealed some findings from the pilots.  Riverside said the average age of tenants applying to buy their home in Riverside’s pilot is 53. The tenants purchasing homes had average incomes of just under £20,000 and savings of close to £15,000. Average selling price in the Merseyside pilot Riverside operates is £94,000. Read more on Inside Housing.

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