Just 10 Homes Sold Through Voluntary Right To Buy Pilot Using Portability

Only 10 housing association tenants living in a home exempt from the Voluntary Right to Buy (VRTB) scheme have been able to become homeowners through the pilot since it launched a year ago. Figures released by Homes England under the Freedom of Information Act show that of the 529 sales completed through the Midlands VRTB pilot, less than 2% involved “portability”. Portability refers to the ability of tenants to use their VRTB discount – equivalent to the Right to Buy markdowns available to council tenants – on a housing association home they do not currently live in. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/just-10-homes-sold-through-vrtb-pilot-using-portability-63613?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60